It has been more than a year since China banned the exchange of local fiat currency and cryptocurrencies. Despite the ban, Chinese traders continue to trade in the crypto market using the stable coin tether (UDT) which is pegged to the US Dollar. Companies have been able to overcome these banking constraints using stablecoins. According to Coinmarketcap, Tether activity reached its highest trading volume in August with a global market value of over $4.2 billion......read more
