why is tether volume so high

Last Updated on April 23, 2024 by Paganoto

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

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

The daily trading volume of USDT can be considered as a direct representation of the volatility in the cryptocurrency market; if the volume of Tether is abnormally large in a downward trend, it signifies that traders are selling cryptocurrencies to USDT, and if the volume of Tether is unusually large in a bull market, …

Why Tether Volume Is at All-Time Highs – CoinDesk

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

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 …

Tether is responsible for the majority of crypto trading volume.

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 …

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.

What Is Tether (USDT)? – The Motley Fool

What Is Tether (USDT)? – The Motley Fool

In fact, Tether routinely has the highest 24-hour trading volume of all cryptocurrencies, so it plays a huge role in the digital token ecosystem.

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

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 …

Investors split on bitcoin's value as Tether trading volume surges

Investors split on bitcoin's value as Tether trading volume surges

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

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

The Tether (USDT) stablecoin’s adjusted on-chain volume has surpassed the $1 … Such trading volume via USDT would likely be higher since USDT is one of …

Tether volume per day 2020-2022 – Statista

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.