US stocks rose strongly in August the crypto market was sluggish and high yield USDT financial products were favored

According to 4E Exchange monitoring: US stocks performed well in August, with the Nasdaq, Dow Jones, and S&P 500 rising 4.1%, 2.0%, and 3.9%, respectively. The cryptocurrency market performed poorly, with Bitcoin falling 10.25%, Ethereum falling 23.66%, and many altcoins hitting record lows.

However, the supply of stablecoins rose 2.9% against the trend to $148.4 billion, of which USDT and USDC had market shares of 78.7% and 17.4%, respectively. It is worth noting that the 5.5% annualized yield USDT financial product launched by eeee.com has attracted investors' attention.

4E Exchange pointed out that in the context of panic in the crypto market, US 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.

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