Express

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

Last Update:

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

Related Articles

  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 17 hours ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 2 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 5 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 6 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 8 days ago

    • You need to login to comment.