Tether CEO: Bitcoin buying and ETF inflows led to an increase in USDT market value
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Odaily Odaily: Tether CEO Paolo Ardoino attributed the rise in USDT market value to the influx of large amounts of funds into spot Bitcoin ETFs and the Bitcoin buying boom led by Michael Saylor. Ardoino revealed that in the past 20 days alone, Tether's market value has increased by about $16 billion, partly due to the influx of large amounts of funds into (spot Bitcoin) ETFs, and many other people began to buy Bitcoin at a very fast pace, especially after the US election. (TheBlock)
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