Key facts: In Nigeria, Tether (USDT) accounts for 40%-43% of crypto volume, with nearly $22 billion in stablecoin transactions from July 2023 to June 2024, aiding local businesses amid naira volatility.
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- In Nigeria, Tether (USDT) accounts for 40%-43% of crypto volume, with nearly $22 billion in stablecoin transactions from July 2023 to June 2024, aiding local businesses amid naira volatility.1
- Tether CEO Paolo Ardoino announced plans to boost USDT adoption via Rumble, a video platform with 51 million U.S. users, which will launch a Tether-powered crypto wallet soon.2
- Tether received 8,889 Bitcoin in a single transfer from Bitfinex, increasing its Bitcoin holdings to approximately $9.8 billion, marking one of the largest top-ups to Tether's BTC balance this year.3