Over $50 Billion in Tether (USDT) Moved From Chinese Borders in 2020

China-based Tether addresses accounted for over $50 billion in transfers outside the country’s borders this year, according to a report by on-chain analysis firm Chainalysis. Tether finds Takers Tether, the fourth-largest cryptocurrency by market cap, is a stablecoin said to be backed  1:1 with the USD. And while its common use-cases range from moving funds

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Source: BTC Manager