Tether currently stands as the world’s third-largest cryptocurrency based on market cap. It's most recent milestone includes surpassing $600 billion in transaction volume.
Tether exceeds $600 billion in volume
Latest Glassnode data confirmed via Twitter that Tether (USDT) has seen a massive increase in its volume. As mentioned, the transaction volume broke through the roof by going all the way up to $600 billion.
This represents a 20 percent increase which the project saw in the last month, which allowed it to make a new record.
One thing to keep in mind is that this is not Tether’s daily volume, but rather a cumulative figure. That number is much lower, sitting at an average of $35 billion, although this amount is quite massive for a single crypto in its own right.
It certainly exceeds Bitcoin’s volume, which varies between $20 and $25 billion. In other words, Tether is still quite a bit ahead of the world’s largest cryptocurrency when it comes to volume.