The dollar-pegged stablecoin tether (USDT) has become a virtual bridge between Chinese traders and global markets.
from CoinDesk https://www.coindesk.com/why-tether-volume-surged-to-all-time-highs-in-august
from CoinDesk https://www.coindesk.com/why-tether-volume-surged-to-all-time-highs-in-august
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