Chart of the Day: Tether's market cap drops $800M, by 29% in one month

Within a month, the capitalization of Tether, the most popular stablecoin, fell by 29% to $2 billion. At its peak, it was $2.8 billion. In addition, the recent Tether’s rate dropped sharply to its April 2017 level. The coin fell to a record high of $0.92. At the same time, analysts notice an influx of investors’ assets in Paxos, Gemini and Circle stablecoins.