Tether's Market Cap Hits New High, DeFi Users Prefer USDT for Risk Aversion

BroadChain has learned that at 03:16 on April 22, according to Decrypt,

　　The market capitalization of Tether's stablecoin USDT has reached a new all-time high. Data shows that amid recent negative events impacting the industry, decentralized finance (DeFi) users appear to prefer USDT over USDC as a safe-haven asset.

　　This trend reflects a divergence in investor choices for stablecoins during periods of market turbulence. Tether, with its larger market size and liquidity, may be perceived by some users as a more stable store of value, despite long-standing market concerns regarding the transparency of its reserves.