Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Tether CEO: The Bitcoin buying frenzy and ETF inflows have led to an increase in USDT market value

Tether CEO: The Bitcoin buying frenzy and ETF inflows have led to an increase in USDT market value

Bitget2024/12/05 14:01

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.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!