Tether (USDT) Trading Volume Sinks $4.5 Trillion in Quarterly | bitcoin crypto news

Tether (USDT) Trading Volume Sinks $4.5 Trillion in Quarterly Low

Due to negative crypto market sentiment, Tether (USDT) trading volume in the first quarter of 2022 was lower than Tether trading volume in the same period of 2021.Despite the bearish trends of the market which has seen millions of investors turn to stablecoins, investor interest in USDT remains low.

According to Be[In]Crypto research, Tether trading volume during the first quarter of the year was in the region of $5.3 trillion. This was a 46% decrease in the trading volume recorded between January and March of 2021 of around $9.9 trillion. A fall in total transaction counts in the first quarter of 2022 can be attributed to as the primary reason for the sinking Tether trading volumes.In the first quarter of 2022, the total transaction count for Tether was 26,454.