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via CoinDesk · By CoinDesk Staff
Tether's U.S.-focused stablecoin grows 500% in a month, but still lags Circle, Ripple, Paypal
XRP
XRP/USDT
$1.5494
+0.49%
$1.5494
+0.49%
(24s)24h Volume
$3,053,081,769.57
24h H/L
$1.63 / $1.5418
Change: $0.0882 (5.72%)
Long/Short
72.7%
Long: 72.7%Short: 27.3%
Funding Rate
+0.0044%
Longs pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(06:53 PM UTC)
1 min read
USAT's market cap jumped above $140 million in April, though it remains well behind Circle's USDC, PayPal's PYUSD and Ripple's RLUSD tokens.
Stablecoin giant Tether's U.S.-focused digital dollar token USAT (USAT) expanded more than sixfold month-over-month in April, it still lags far behind its rivals.
According to the latest reserve report signed by Deloitte and published Thursday, the token's…
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