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WebsCrypto—News—USDT Volume on Exchanges Grows 20% In 3 Months
News

USDT Volume on Exchanges Grows 20% In 3 Months

By WebsCryptoAugust 11, 20221 Min Read
USDT Volume on Exchanges Grows 20% In 3 Months
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According to data from Santiment, the share of Tether (USDT) on exchanges has risen by 20% in the past three months. The ratio rose from 19.7% on May 9 to 42% on August 10.

This is the first time since April 2020 that the exchange’s USDT supply has increased above 42%. Meanwhile, Tether resumed minting on July 29 and has since added billions to its market cap. Many in the crypto community see the increase in stablecoin supply as a bullish sign.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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