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27 October 2020

Tether volume hits $600B as it attempts to take on Bitcoin as crypto’s benchmark

Tether volume hits $600B as it attempts to take on Bitcoin as crypto’s benchmark


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The latest data from analytics providers suggest that cumulative Tether transaction volume has just surpassed $600 billion as it begins to dominate crypto exchange trading.

On-chain analytics provider Glassnode has revealed that Tether transaction volume increased by around 20% over the past 30 days to reach that new cumulative milestone.

It should be noted, however, that this is a cumulative figure and not the daily transaction volume which is closer to $35 billion according to an average from Coingecko and Coinmarketcap.

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cointelegraph.com
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