USDT circulation gradually recovering: Glassnode

Since the sharp oscillations in the beginning of 2022, the 30-day moving average of USDT transfer volume has recently tapped $52.9 billion, according to an X post by on-chain market intelligence platform Glassnode. This indicates that the circulation speed and market activity of stablecoins are recovering. From January to May this year, Tron maintained its leading spot, accounting for more than 55% of the total USDT transfer volume, followed by Ethereum with over 27%.