Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Stable Coins Forum => USDT Forum => Topic started by: shadow.bishop on August 08, 2019, 08:30:12 PM
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The cryptocurrency world is even more concentrated than most observers probably realize.
While large holders of Bitcoin that are commonly referred to as whales own almost a fifth of the largest cryptocurrency, researcher Coin Metrics says the unique identifiers known as addresses show that only about 300 entities control around 80% of Tether, the token that serves as a conduit for trading on many of the world’s largest crypto exchanges.
Source;
https://www.bloomberg.com/news/articles/2019-08-07/tether-mafia-318-crypto-addresses-control-most-of-stablecoin
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Yes. Now you understand about how many people are manipulating this market. I think that with USDT we have many openings and scandals
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Thats the reality of the most in cryptocurrency in existence specially those in the top ranking coins and tokens in terms of market capitalization. early adopters or investors prospered and benefiting much, whales has a capital to invest in large amount so thats why they are in control.
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The situation with an increase in security when using stable coins will improve much if there are many stable coins of various states on the cryptocurrency market, especially if they are provided with gold. In this regard, USDT will no longer play such a large role among stable coins. Cryptocurrency continues to evolve.