{"id":16838,"date":"2024-09-10T13:29:11","date_gmt":"2024-09-10T10:29:11","guid":{"rendered":"https:\/\/forklog.com\/en\/analysts-observe-influx-of-usdt-to-bitcoin-exchanges\/"},"modified":"2024-09-10T13:29:11","modified_gmt":"2024-09-10T10:29:11","slug":"analysts-observe-influx-of-usdt-to-bitcoin-exchanges","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/analysts-observe-influx-of-usdt-to-bitcoin-exchanges\/","title":{"rendered":"Analysts Observe Influx of USDT to Bitcoin Exchanges"},"content":{"rendered":"<p>Since August, the volume of USDT on cryptocurrency exchanges has been rapidly increasing. Given that from March to July, the dynamics showed no significant fluctuations amid turbulence, this is a notable change, according to CryptoQuant.<\/p>\n<p><script async src=\"https:\/\/telegram.org\/js\/telegram-widget.js?22\" data-telegram-post=\"cryptoquant_official\/2630\" data-width=\"100%\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;The growth of stablecoin balances on <span data-descr=\"centralized platforms\" class=\"old_tooltip\">CEX<\/span> is perceived as an increase in long potential, which will positively affect the price. But this does not necessarily mean that quotes will rise,&#8221;<\/em> the specialists explained.<\/p>\n<\/blockquote>\n<p>Experts noted that bulls might refrain from buying in the event of a wave of risk aversion due to uncertainty in the global economy.<\/p>\n<p>According to dashboards from <a href=\"https:\/\/www.theblock.co\/data\/stablecoins\/usd-pegged\">The Block<\/a>, since August, the number of USDT holders with balances of $1,000-10,000 has increased, while the number of holders with larger amounts has not undergone significant changes.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1200.webp\" alt=\"1-1200\" class=\"wp-image-240778\"\/><figcaption class=\"wp-element-caption\">Data: The Block.<\/figcaption><\/figure>\n<p>As of September 9, the total supply of Tether stands at $125.01 billion. The token&#8217;s share in the sector is estimated at 70.7%.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-890.webp\" alt=\"2-890\" class=\"wp-image-240779\"\/><figcaption class=\"wp-element-caption\">Data: The Block.<\/figcaption><\/figure>\n<p>Back in January-June, Tether&#8217;s net profit <a href=\"https:\/\/u1f987.com\/en\/news\/tethers-net-profit-reaches-5-2-billion-in-first-half-of-2024\">reached a record $5.2 billion<\/a>.<\/p>\n<p>In August, the issuer of USDT <a href=\"https:\/\/u1f987.com\/en\/news\/tether-to-launch-uae-dirham-pegged-stablecoin\">announced<\/a> plans to develop a stablecoin pegged to the UAE dirham.<\/p>\n<p>Earlier, Tether reported the recovery of over $108.8 million in USDT since its launch in 2014 <a href=\"https:\/\/u1f987.com\/en\/news\/tether-aids-law-enforcement-in-recovering-108-million-in-usdt-since-2014\">as part of investigations by 145 law enforcement agencies in 40 jurisdictions.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Since August, the volume of USDT on cryptocurrency exchanges has been rapidly increasing. Given that from March to July, the dynamics showed no significant fluctuations amid turbulence, this is a notable change, according to CryptoQuant. &#8220;The growth of stablecoin balances on CEX is perceived as an increase in long potential, which will positively affect the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16837,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1205,1145,807,1245],"class_list":["post-16838","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptoquant","tag-market-analysis","tag-stablecoins","tag-tether-usdt"],"aioseo_notices":[],"amp_enabled":true,"views":"8","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=16838"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16838\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/16837"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=16838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=16838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=16838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}