Onchain’s activity for Tether has achieved the highest level in the sixth month, indicating that merchants are preparing to return to the market, according to analysts.
Shared data by Blockchain Santimen data platform on March 12 x mail Tether’s appears (USDTOnchain’s activity was high, and reached its climax with More than 143,000 governors March 11, which is six months higher.
“When USDT and other stablecoin activities during low prices, traders are preparing to buy. Buying aid in rotten encryption rates added.
Onchain’s activity for Tethers USDT has increased, as it reached the highest level in the sixth month. source: Santim
It comes like bitcoin (BTCHe decreased to a The lowest level in four months from 76700 dollars on March 11As the wider encryption market I watered more than the gains made Post -US elections amid total economic uncertainty and the war of escalating tariffs.
Speaking to Cointelegraph, Vincent Liu, chief investment official at Kronos Research, said that merchants often accumulate during the declines to put themselves to buy opportunities, adding a pressure purchase that could help encryption prices.
It speculates on the rise in the activity of the USDT wallet most likely reflects the traders who benefit from it The last market fluctuations.
“The possible reasons include the broader economic uncertainty and encryption events such as organizational developments or post -election morale, and the role of Tether as a stable resort, making it ideal for investors who are preparing to spread capital strategically.”
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Liu says that the increase in USDT activity is an upper indicator, which indicates a large purchase force on the margin, however Encryption Recovery is likely to depend on factors such as macroeconomic conditions, organizational clarity and investor confidence.
“However, with a reduction in the inflation rate to 2.8 % in February, less than expected in the modern consumer price index data, this may reduce pressure on encryption prices and refer to a more favorable environment,” he said.
Liu added: “In addition, on March 18, the FOOC Committee (FOC) may provide other indicators on interest rates and monetary policy, which may affect the development and recovery of the market,” Liu added.
Track the feelings of Bitcoin and Crypto, Crypto Fear & Greed Index, Its lowest in more than two years on February 26 When it slipped deeper into “extreme fear”, it reached 10 degrees.
The encryption feelings have been recovering since then, but the index is still registered Degree 45 on March 13, is still in the territory of fear.
CEO of Tether Paolo Ardoino Touring in the United States
Meanwhile, Tether Paolo Ardoino CEO is currently on a tour of the United States Legislators move to organize the sector.
During the March 12 speech at the Cantor Fitzgerald World Technology Conference, it is He said As is the case, about 37 % of USDT users are used as a value -storage savings account.
“They do not have bank accounts. Erdino said:” The only thing they have in their lives is criticism. “
“Now they can finally keep the most used and most important currency in the world, and this is the US dollar, but they keep it in their smartphones as a savings account.”
chief executive officer tether_toand PaoloardoinoHe speaks at the Global Technology Conference in Cantor. #Cantorticehttps://t.co/2z8d46wdmg
Cantor_Cantor March 12, 2025
At the same time, Erdino said, Tether works as one of the “last strongholds of the US dollar” amid increasing concerns that the US dollar may lose the world’s reserve dominance and move to international transactions and commodity trade.
Stablecoin Source also works to reduce poor actors in space, where he cooperated in more than 170 law enforcement and freezing $ 2.5 billion of illegal funds, according to Erdino.
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