Tether CEO: The Bitcoin buying frenzy and ETF inflows have led to an increase in USDT market capitalization
ChainCatcher news, according to The Block, Tether CEO Paolo Ardoino attributed the increase in USDT market capitalization to a significant influx of funds into Bitcoin spot ETFs and the Bitcoin buying frenzy led by Michael Saylor.
Ardoino revealed that Tether's market capitalization has grown by approximately $16 billion in just the past 20 days, partly due to a large influx of funds into spot Bitcoin ETFs, with many people starting to buy Bitcoin at a very fast pace, especially after the U.S. elections.
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.
