Just why is Tether volume at an all-time high?
A mere year after China issued a blanket ban on local fiat on-ramps for crypto exchanges, traders in the nation continue to keep the market bustling by making use of Tether (USDT), the U.S. dollar-backed stablecoin. Alexander Pack, the co-founder of Dragonfly Capital Partners stated: “Crypto trading businesses are restricted from accessing banking services in China, but they are thriving nonetheless.”
