why does tether have so much volume

Last Updated on February 1, 2024 by Paganoto

Why Tether Volume Is at All-Time Highs – CoinDesk

“Tether is the easiest way to hold a relatively stable volume of value at an exchange that doesn’t accept dollars,” the U.S.-based trader said.

Tether is responsible for the majority of crypto trading volume.

The main reason volume is so high for Tether are that many exchanges maintain most of their trading pairs vs. USDT. So if you want to trade …

USDC's 'real volume' flips Tether on Ethereum as total supply …

Circle’s USD Coin has surpassed Tether’s USDT in 24 hour “real volume” on the Ethereum network according to Messari data.

Tether Sees $2.3T in Monthly Trading Volume, More than …

With a monthly trading volume 95% higher than that of Bitcoin, Tether, without a doubt, represents the most important coin in the global crypto …

Tether has $3 Billion Daily Volume 76% Higher … – NewsBTC

As of June, the daily trading volume of Tether remains above $3 billion, … major cryptocurrencies such as bitcoin, Ethereum, and tokens to the US dollar.

Tether's on-chain volume has surpassed the $1 trillion mark …

“Surpassing the US$1 trillion mark in on-chain volume represents yet another milestone in Tether’s ascent,” Tether CTO Paolo Ardoino told The Block.

What Is Tether (USDT)? – The Motley Fool

Tether has a bigger market cap than any other stablecoin. More importantly, it has a much higher daily trading volume. In fact, Tether routinely has the highest …

Why Tether Volume Is at All-Time Highs – Yahoo Finance

Experts believe this surge in USDT usage may be driven by enthusiasm for a potential bull market return, rather than any changes in capital …

Tether volume per day 2020-2022 – Statista

Tether trading volume reached over several billions of U.S. dollars every single day, but was especially high in late May 2021 and early September 2021.

Tether Almost Always Leads Bitcoin in Trading Volume

In what’s become the ‘new normal,’ Tether now commonly boasts trading volume higher than Bitcoin. At the time of writing, USDT has some $20B in …

Paganoto

Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.