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🧠USDT: Dominating Crypto Liquidity Market

🧠USDT: Dominating Crypto Liquidity Market

Day: 08 | Time: 12:55:08 The trading volume of Tether USDT in the last 24 hours has surpassed that of Bitcoin, Ethereum, Solana, USDC, and First Digital USD combined. This indicates the significant presence of Tether in the market and its importance for liquidity. Tether has a market cap of over $112 billion and has recorded a volume of over $55 billion in the last 24 hours. These data reflect broader market trends, confirming Tether's role as a key liquidity provider in the cryptocurrency ecosystem. Despite historical challenges regarding reserves and illicit use, Tether continues to demonstrate its resilience. Tether CEO Paolo Ardoino has stated that the company is over-collateralized and is strengthening its stability by reinvesting profits into reserves. However, Tether has faced difficulties in engaging a high-level auditing firm due to concerns expressed by Senator Warren.

Tether USDT’s 24-hour trading volume exceeds the combined total of the following five digital assets, including Bitcoin and Ethereum.
Tether daily trade volume (Statista)
Bitcoin and Ethereum volume (Glassnode)