Tether trading volume reached over several billions of U.S. dollars every single day, but was especially high in late May 2021 and early September 2021. The trade spike on May 19, 2021, could be attributed to news that day that China was to ban crypto services - which led to significant declines in market cap across the entire crypto market. The trading peak on September 7, however, does not have as clear of a potential cause. One day before, the Canadian region of Ontario banned crypto platforms from using Tether altogether. Additionally, the price of Tether was briefly below one U.S. dollar - which may have caused people to buy the stablecoin.
Tether 24h trade volume from July 1, 2019 to November 21, 2021
(in billion U.S. dollars)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Statista Accounts:
Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.
CoinMarketCap. (November 22, 2021). Tether 24h trade volume from July 1, 2019 to November 21, 2021 (in billion U.S. dollars) [Graph]. In Statista. Retrieved June 26, 2022, from https://www.statista.com/statistics/1272865/tether-trade-volume/
CoinMarketCap. "Tether 24h trade volume from July 1, 2019 to November 21, 2021 (in billion U.S. dollars)." Chart. November 22, 2021. Statista. Accessed June 26, 2022. https://www.statista.com/statistics/1272865/tether-trade-volume/
CoinMarketCap. (2021). Tether 24h trade volume from July 1, 2019 to November 21, 2021 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: June 26, 2022. https://www.statista.com/statistics/1272865/tether-trade-volume/
CoinMarketCap. "Tether 24h Trade Volume from July 1, 2019 to November 21, 2021 (in Billion U.S. Dollars)." Statista, Statista Inc., 22 Nov 2021, https://www.statista.com/statistics/1272865/tether-trade-volume/
CoinMarketCap, Tether 24h trade volume from July 1, 2019 to November 21, 2021 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1272865/tether-trade-volume/ (last visited June 26, 2022)
