Research: The usage of USDT is shifting towards countries lacking access to the global banking system

2024-11-01 21:48:12
Collection

ChainCatcher news, according to Bloomberg, research shows that the usage of Tether (USDT) is shifting towards the Europe, Middle East, and Africa (EMEA) time zone, particularly in countries lacking access to the global banking system, such as Russia and Iran.

Chainalysis data indicates that from January to October this year, newly activated USDT wallets are primarily concentrated between 9 AM and 2 PM Coordinated Universal Time (UTC), aligning with daytime hours in Moscow, Tehran, and Istanbul. As the U.S. intensifies its investigation into Tether, particularly regarding potential involvement in anti-money laundering and sanctions issues, the use of USDT is drawing regulatory attention.

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
banner
ChainCatcher Building the Web3 world with innovators