- There is an increasing demand for USDT in the Turkish market.
- The record for USDT demand was renewed by surpassing the demand in May 2022.
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The increasing demand for USDT before the May 14 elections in Turkey has drawn attention. The demand for USDT has reached a record high.
USDT Demand is Increasing in the Turkish Market!
The fluctuations in the Dollar and USDT exchange rates before the Presidential election to be held on May 14, 2023, are increasing the demand. According to the data received by CoinOtag, the demand for USDT in Turkey is reaching its peak.
The volume report for USDT/TRY is as follows:
According to this data, the volume of the USDT-TRY pair in the Turkish market has reached 250 million dollars, breaking the record. The previous record was around 200 million dollars in May 2022.
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The research and analysis company said the following about this report;
The demand for USDT in the Turkish markets increased before today’s central bank interest rate decision and the upcoming elections. USDT-TRY volumes exceeded 250 million dollars last week and reached the highest level since May 22 with the weakening of the local currency.
The current USDT/TRY exchange rate is trading at 20.66. On April 22, the USDT/TRY pair reached a new record high of 21.79. According to the data of the Central Bank of the Republic of Turkey, the Dollar exchange rate is currently 19.43 TL.
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