$USDT Usage Concentrates in Asia & MENA | Crypto Daily Digest Sep. 6

TI Research

Data shows $USDT usage spikes in Asia and MENA day time

According to data from Flipside, the usage of USDT experiences daily spikes in Asia, the Middle East, and North Africa day time. The average transfer value and the number of transactions start to increase at 6:00 UTC, reaching their peak at 11:00 UTC, coinciding with the Asian afternoon and the morning sessions in Africa, the Middle East, and North Africa.

This suggests that the stablecoin dollar remains popular in emerging markets, which have been significantly affected by inflation. People in these regions have limited access to traditional financial services. Underserved populations in emerging markets will likely continue to drive the adoption of cryptocurrencies for payments and as a store of value.

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