DeFi· ★★★· neutral·

Crystal: Bots Drove 98% of USDT's $3.69T Daily Transfer Volume

  • —USDT transfer volume reached $3.69 trillion on Oct. 17
  • —98% of transfers were bots recycling the same funds
  • —Bots exploited a double-counted interest bug in BiFi Lending pools
  • —Net transfer volume adjusted for repeats was $3.9 billion
Why it matters: The findings show record stablecoin transfer volumes can reflect bot activity rather than genuine growth in usage.
#USDT
Source: CoinDesk Japan
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