Tether CEO: The Bitcoin buying frenzy and ETF inflows have led to an increase in USDT market value
According to The Block, Tether CEO Paolo Ardoino attributes the rise in USDT market value to a large influx of funds into Bitcoin spot ETFs and the Bitcoin buying frenzy led by Michael Saylor.
Ardoino revealed that in just the past 20 days, Tether's market value has increased by about $16 billion. Part of this is due to a large amount of money flowing into spot Bitcoin ETFs, with many people starting to buy Bitcoin at a very fast pace, especially after the U.S. election.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Jia Yueting: QLGN will be renamed to AIxCrypto before November 20
Michael Saylor: If you want to ride the rocket, you must withstand the pressure
Tom Lee: It appears that one or two market makers may have significant gaps in their balance sheets.
Trending news
MoreCrypto prices
More
