Tether (USDT) Remains Near Peak Activity

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Tether (USDT) is still the best-traded digital asset in the world, holding sway over more than 33% of all exchanges, based on CoinMarketCap data. The USDT activity remains robust even at a moment when Bitcoin (BTC) is taking a breather, and hovering at a lower range of $9,500.The USDT asset is also once again gaining speed on the Ethereum (ETH) network. In August, the activity of Ethereum-based USDT reached above that of the Omni-based USDT. The Tether smart contract still uses up 20% of all gas on the Ethereum network, down from a recent peak above 35%. But the network load may increase in the future, making USDT a permanent factor for Ethereum’s computational resources.The behavior of USDT is closely watched, as correlations have been found between increases in USDT supply and BTC price peaks. Currently, the supply of USDT is flat, at 4.043 billion coins. But active printing in…

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