Tether (USDT) capitalization is now about $ 9.2 billion. According to experts, soon, this figure will reach $ 10 billion, which is a very good signal for the cryptocurrency industry.
Paolo Ardoino, technical director of Tether, a development company, said that the increase in the capitalization of the digital asset over the past three months does not mean a massive influx of capital into the crypto sphere.
He drew attention to the fact that a rapid increase in capitalization was observed during a period of sharp exacerbation of volatility in the crypto market on March 12-13. It was at this point that many traders tried to enter the crypto sphere through USDT to buy bitcoins at the lowest price.
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After that, many investors refused to withdraw funds from Tether and decided to wait for the next BTC collapse. Saving the capital on the blockchain allows traders at any time to proceed with the purchase of bitcoins or any other cryptocurrency.
Experts periodically pay attention to the increase in USDT trade turnover in the Asian market. Local, primarily Chinese, investors enter Bitcoin just through Tether.