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Sub-headline: The Big Apple is big everything. The world’s financial center, it also has a huge population not only of talented developers to hire, but consumers to sell to. In such a huge and bustling ecosystem, crypto may not rate as the city’s highest priority. But like it or not, the No. 12 spot in CoinDesk’s Crypto Hubs 2023 is a place crypto companies must be.
Jun 23, 2023 at 9:24 a.m. UTC
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Tether held its fort, however, even trading at a premium in the following days. This came despite a long-held notion among some market participants about the token’s opaque asset backing and concerns about parent company Tether Global.
Data further shows at least $5 billion of inflows into Tether in the past weeks, bringing its market capitalization to over $77 billion as of Wednesday.
Part of that could likely be due to its supposedly low exposure to the U.S. banking system, some say.
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Tether held its fort, however, even trading at a premium in the following days. This came despite a long-held notion among some market participants about the token’s opaque asset backing and concerns about parent company Tether Global.
Data further shows at least $5 billion of inflows into Tether in the past weeks, bringing its market capitalization to over $77 billion as of Wednesday.
Part of that could likely be due to its supposedly low exposure to the U.S. banking system, some say.
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