Tether's Daily Trading Volume Surpasses Bitcoin's

Tether's (USDT) 24-hour trading volume reached $31.4 billion, surpassing Bitcoin's $20.3 billion. The high stablecoin volume stems from its role as a base pair in trading rather than investment demand, with bots, arbitrage, and exchange activity driving much of the transactions. As a result, the volume reflects overall market activity more than actual demand for the coin itself.