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Why Does Tether Have More Volume Than Bitcoin? Explained
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Why Does Tether Have More Volume Than Bitcoin? Explained
Open any market dashboard and sort by 24-hour volume. Bitcoin is not at the top. Tether is, and usually by a wide margin: a recent reading showed roughly $31.4 billion of USDT changing hands against $20.3 billion of Bitcoin, with USDC third at $7.87 billion, ahead of Ethereum. Three of the four most-traded assets in crypto are dollar tokens that are designed never to move in price. Once you understand why, you will read every volume number in th…
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