As per the report, Chinese exchanges in 2019 till date account for over $10 Bln’s in Tether trading. The U. S., on the other hand, is said to account solely $450 Mln of USDT listed. International exchange giants Binance and Bitfinex reportedly account for near to the remaining quantity of USDT listed, accounting for about 31% of the USDT activity.
Moreover, the analysis concludes that the trading numbers aren’t misleading. As per their findings, an identical number of sending and receiving of Tether happens both in China and globally, suggesting that the numbers represent actual trading activity and not simply just cryptocurrency whales cashing out.
As ‘reported‘ earlier, Tether’s parent company ‘Bitfinex’ has proclaimed plans to list USDT on the Lightning Network, a payment protocol designed to accommodate massive numbers of transactions.
Tether conjointly ‘proclaimed‘ that it’s launching USDT on the ‘Eos‘ blockchain. Tether’s chief executive officer Jean-Louis van der Velde remarked on how along with USDT on the Eos blockchain offers higher blockchain interoperability, adding:
“Combining the potential of both Tether and EOSIO could be an additional step towards ‘blockchain‘ interoperability and being on the forefront of this development is a fantastic feeling that additionally highlights our dedication to the maturation of the digital assets area.”