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Author Topic: Just 318 Crypto Addresses Control 80% of Tether  (Read 7852 times)

Offline shadow.bishop

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Just 318 Crypto Addresses Control 80% of Tether
« on: August 08, 2019, 08:30:12 PM »
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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Just 318 Crypto Addresses Control 80% of Tether
« on: August 08, 2019, 08:30:12 PM »

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Offline corr

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Re: Just 318 Crypto Addresses Control 80% of Tether
« Reply #1 on: August 09, 2019, 11:53:57 AM »
Yes. Now you understand about how many people are manipulating this market. I think that with USDT we have many openings and scandals

Offline masterrex

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Re: Just 318 Crypto Addresses Control 80% of Tether
« Reply #2 on: August 12, 2019, 12:44:36 PM »
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.

Offline Senin

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Re: Just 318 Crypto Addresses Control 80% of Tether
« Reply #3 on: January 22, 2020, 07:13:37 AM »
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.

 

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