Data shows Tether transactions larger than $100k increase by 109% in the past week

During the past week, the total amount of transactions larger than $100,000 in USDT reached $7.3 billion, which represents an increase of 109.82 percent compared to the week before that.

Data from IntoTheBlock has also shown that the overall number of USDT transactions has been on the rise in the past three months, as was the average transaction size.

Large transactions on Tether reach $7.3bn volume in the past week.

According to data from the blockchain analytics firm IntoTheBlock, the total amount of transactions larger than $100,000 in USDT was $7.3 billion.

The company said this was a "Huge" deal for Tether, as it represented a 109.82 percent increase when compared to the previous week.

In comparison, on Oct. 26, there were just under 3,000 large transactions on the network, with a total volume of just over $1 billion.

The average balance of the transactions was around $363,000, the company said in a tweet.

While the increasing number of large USDT transactions is an impressive feat for Tether, the network's other metrics have also shown a significant increase in usage.

The average transaction size has been on the rise in the past month, averaging at around $16,500 in the past seven days.

The growth in the transaction size was followed with similar growth in the number of transactions the network has seen, averaging at just over 84,000 transactions in the past week.