According to BlockBeats, on September 4, 4E Exchange monitored that the US stock market performed well in August, with the Nasdaq, Dow Jones and S&P 500 rising by 4.1%, 2.0% and 3.9% respectively. The cryptocurrency market performed poorly, with Bitcoin falling by 10.25% and Ethereum falling by 23.66%, and many altcoins hitting record lows.
However, the supply of stablecoins rose by 2.9% against the trend to $148.4 billion, of which USDT and USDC accounted for 78.7% and 17.4% of the market respectively. It is worth noting that the 5.5% annualized yield USDT wealth management product launched by eeee.com has attracted the attention of investors.
4E Exchange pointed out that in the context of panic in the crypto market, U.S. stocks and high-yield USDT financial products provide investors with new asset allocation options. Investors are advised to weigh the risks and benefits and make wise decisions based on their personal financial goals.
