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]
  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 5 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 11 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 14 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 15 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 18 days ago
  • You need to login to comment.