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The Amount Of Tether Transferred On Ethereum Hit 300 Billion

Emily Mason

Summary: On Wednesday, June 17 the amount of Tether (USTD) transferred on Ethereum hit 300 billion, recent data from glassnode shows. In 2020 USDT on-chain volume has increased by 170 billion. Tether usage on the chain has been linked to network congestion, meaning continued increase could lead to slower transaction times.  By Emily Mason

On Wednesday, June 17 the amount of Tether (USTD) transferred on Ethereum hit 300 billion, recent data from glassnode shows.

In 2020 USDT on-chain volume has increased by 170 billion. Tether usage on the chain has been linked to network congestion, meaning continued increase could lead to slower transaction times. 

By Emily Mason

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