Stablecoin Issuer Tether Details ‘Extraordinary’ Growth of USDT Wallets Driven by Small Holders

Description

The firm behind USDT says that the growth of crypto’s largest stablecoin by market cap has been fueled by sharks and minnows rather than whales. In a newly released Tether Insights publication , USDT-issuer Tether highlights the “extraordinary” growth of USDT in crypto wallets. “The growth of USDT wallets has been extraordinary, increasing 71% in the past year and 129% the year before, driven primarily by wallets holding less than $1,000. This surge accelerated after the collapse of FTX when use...