Tether Value Plummets 50% in 24 Hours Amid Cryptocurrency Market Turmoil

Tether's value has dropped by 50% in the last 24 hours, according to data from Bybit. As of August 11th at 17:37 GMT+8, 1 EUR is equivalent to approximately 1.15335524 USDT.

This drop comes as part of a larger trend in the cryptocurrency market, with Tether's all-time high reaching €1.32 and its all-time low at €0.572521.

Tether has a circulating supply of 183B USDT and a market capitalization of €158.74B EUR. The current exchange rate is updated in real-time on Bybit, with no hidden charges or conversion fees.