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Tether [USDT] Trading Volume on Chinese Exchanges Surpasses Western and Global Volumes

On-chain data reveals that Tether (USDT) has seen the highest demand ever in 2019 in terms of transaction volume. However, 60% of these transactions come from China alone, according to data from Chainalysis. This number is nearly double the on-chain transactions from China in 2018 during the Bear market and is still on the rise.

On-chain data reveals that Tether (USDT) has seen the highest demand ever in 2019 in terms of transaction volume. However, 60% of these transactions come from China alone, according to data from Chainalysis. This number is nearly double the on-chain transactions from China in 2018 during the Bear market and is still on the rise.