Chinese crypto exchanges facilitate 60% of all stablecoin Tether trading globally Chinese crypto exchanges facilitate 60% of all stablecoin Tether trading globally Mooncatchermeme Binance Bitfinex USDT

Chinese cryptocurrency exchanges facilitate 60% of all stablecoin tether (USDT) trading globally, according to an analysis by Diar on June 3. According to the report, Chinese exchanges in 2019 thus far account for over $10 billion in USDT trading. The United States, in contrast, is said to account for only $450 million of USDT traded. Global exchange giants Binance and Bitfinex reportedly account for close to the remaining ...