Tether CEO: The Bitcoin buying frenzy and ETF inflows have led to an increase in USDT market value
Bitget2024/12/05 14:01
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According to The Block, Tether CEO Paolo Ardoino attributes the rise in USDT market value to a large influx of funds into Bitcoin spot ETFs and the Bitcoin buying frenzy led by Michael Saylor.
Ardoino revealed that in just the past 20 days, Tether's market value has increased by about $16 billion. Part of this is due to a large amount of money flowing into spot Bitcoin ETFs, with many people starting to buy Bitcoin at a very fast pace, especially after the U.S. election.
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