💡 The daily trading volume of USDT far exceeds that of BTC and ETH, firmly establishing it as the king of market liquidity!
According to data shared by user Rocelo Lopes, the daily trading volume of USDT is nearly twice that of Bitcoin (BTC) and four times that of Ethereum (ETH), once again highlighting its status as the 'blood' of the crypto market! In response, Tether CEO Paolo Ardoino personally retweeted this post, indirectly confirming the core role of stablecoins in the market.
📊 Why is USDT so important?
1️⃣ Trading Bridge: As the largest stablecoin, USDT is widely used for currency exchanges and hedging operations, with an unshakeable liquidity advantage.
2️⃣ Hedging Attributes: During times of increased market volatility, investors often move assets to stablecoins, making USDT the preferred choice.
3️⃣ Multi-chain Support: USDT covers multiple public chains such as Ethereum and Tron, enhancing the efficiency and convenience of asset transfers.
🚀 Trend Interpretation
The strong trading volume of stablecoins not only reflects their importance as a medium of exchange but also shows the high demand for the value of the US dollar in the global market. In the future, the position of USDT may be further solidified, providing more stable liquidity support for the entire crypto market.
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