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Data Shows Bitcoin Volume Unaffected By Tether’s (USDT) Market Dominance

Amy Liu

Summary: Data from CryptoCompare shows USDT holding a nearly 73% volume market share over the past three months. Tether’s USDT stablecoin dominates crypto market volumes, but its $15.7B market cap does not negatively impact Bitcoin’s volume. CryptoCompare Head of Research, Constantine Tsavliris, explained that:   "In terms of Bitcoin trading into USDT or other equivalent stablecoins such as ...

Data from CryptoCompare shows USDT holding a nearly 73% volume market share over the past three months. Tether’s USDT stablecoin dominates crypto market volumes, but its $15.7B market cap does not negatively impact Bitcoin’s volume.

CryptoCompare Head of Research, Constantine Tsavliris, explained that:  

"In terms of Bitcoin trading into USDT or other equivalent stablecoins such as USDC or PAX, we haven't seen a significant shift in terms of volume."

By Amy Liu

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