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Tether's Transaction Volume Surges to Three-Month High as USDT Reclaims Peg and Exchange Netflow Spikes

June 20 (Cointime) - Tether's transaction volume has reached a three-month high, with USDT reclaiming its peg and experiencing a surge in exchange netflow. Despite a recent dip in value, regular transactions have stabilized and the stablecoin has achieved an all-time high in transaction volume.

USDT remains the third-largest asset in the cryptocurrency market, with a market capitalization exceeding $83 billion and a strong 24-hour trading volume. The surge in stablecoin inflows could potentially signal an upcoming uptick in the prices of other digital assets.

Tether USDt Tether USDt $1.00
-0.1%
Tether stablecoin
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