Bitcoin reaches an all-time high, creating a wave of optimism for the crypto market as the year comes to a close. 🚀
In this context, Tether (USDT) inflows into exchanges have surged, aligning with a price increase that has lasted over two months. According to Santiment, an average of about 40 million USD in USDT is transferred to exchanges daily, serving as "fuel" for historical price rallies.
USDT has solidified its position with a 66% market share of stablecoins, while new competitors like Ripple's RLUSD are entering the market. A report from Standard Chartered predicts that stablecoins could account for 10% of the M2 money supply in the US, expanding their use from crypto trading to cross-border payments. 🌐