Tether, SHIB Compete With Bitcoin in Inflation-Ridden Turkey as Lira Tumbles

“I hold USDT because sending USDT is fast and cheap across different exchanges, also swapping between spot and futures,” said Ercan Bozoglu, a crypto investor from Turkey who is based in the Netherlands. “Turks are mainly on cheap alternative cryptocurrencies, so they take profit at 2x and redraw (less fee cost).”

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