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Tether (USDT) Stablecoin Usage Rises in Time Zones Including Sanctioned Nations

The $120 billion cryptocurrency Tether has gained traction in European, Middle Eastern and African time zones, a study suggests, as the purported dollar surrogate reportedly comes under greater US scrutinyBloomberg Terminal.The trend emerges in data on first-time use of digital wallets containing the stablecoin — also known as USDT — from consultancy Chainalysis Inc. Activations crest from 9 a.m. to 2 p.m. Coordinated Universal Time, or UTC, equivalent to late morning or afternoon in the likes o...

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