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Tether's Daily Volume Breaks To $3.2 Billion Per Day, Nearly Double That Of Bitcoin

Emily Mason

Summary: Dollar backed stablecoin Tether is now doing $3.2 billion in real volume per day, which is nearly double that of Bitcoin, according to data from Messari. Bitcoin trails Tether with $1.7 billion in volume per day. Today, Tether volume is up by 0.03% while Bitcoin volume is down 1.3%. Ethereum is in third place when ...

Dollar backed stablecoin Tether is now doing $3.2 billion in real volume per day, which is nearly double that of Bitcoin, according to data from Messari.

Bitcoin trails Tether with $1.7 billion in volume per day. Today, Tether volume is up by 0.03% while Bitcoin volume is down 1.3%. Ethereum is in third place when it comes to daily volume recording $855 million per day.

Much of Tether's volume comes from China where local fiat on-ramps for crypto exchanges have been banned driving crypto users to USDT.

By Emily Mason

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Link: Tether's Daily Volume Breaks To $3.2 Billion Per Day, Nearly Double That Of Bitcoin   [Copy]
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