Bitget Distributes 1.9M USDT to 760K Users in Stand Together Program

Bitget, a cryptocurrency exchange, has completed its first distribution batch of its Stand Together Program, according to CEO Gracy Chen. The program saw 1.9 million USDT distributed among 760,000 users in the first batch.

The distribution figure refers specifically to the first batch, and it's unclear what the total allocation of the program will be. Chen did not provide further details on the methodology used to determine individual distribution amounts.

The use of USDT as the distributed currency is notable, as it's a stablecoin pegged to the US dollar. This could indicate that Bitget is prioritizing fiat currency stability in its distribution efforts.