Recent information from crypto information site Money Metrics shows USDT tokens change locations every 8 days on average.

"The trailing 12 calendar month velocity of @Tether_to on Omni, Ethereum and Tron has chop-chop and consistently increased since September and currently sits at ATHs, where on boilerplate each $USDT turns over 46 times per year," Money Metrics posted on its Twitter business relationship on Jan. 31.

Moving on three blockchains

Tether, ane of the crypto industry's oldest stablecoin operations, originally built its USD-pegged token on Bitcoin's Omni token layer. Tether too operates on Ethereum'southward blockchain as an ERC-twenty token.

Several years afterward its inception, Tether issued USDT on Tron's blockchain in 2022 as an added marketplace option.

Based on Coin Metrics' tweet, all three blockchains currently host best high USDT transaction numbers, in terms of how often each USDT token moves from any given location.

Crunching the numbers

According to the numbers Money Metrics listed, each USDT on the market moves approximately 46 times per twelvemonth on average.

Taking into account a 365-day year, this would hateful an average USDT moves approximately every 8 days.

Such movement shows that the market yet uses USDT regularly, fifty-fifty later on years of insolvency doubts, lawsuits and questions.

Government subpoenaed Tether and allegedly related substitution Bitfinex near the end of 2022 on questions of solvency.

In 2022, a law business firm came forward, stating sufficient backing for USDT. Every bit of recently, Bitfinex sits in the spotlight, facing four lawsuits for alleged market manipulation in 2022.

Cointelegraph reached out to Money Metrics for additional annotate simply received no response equally of press time. This article volition exist updated accordingly should a response come up in.