Tether market cap increases almost 4X in 2020 to $15 billion

[Jentot]

Tether market cap increases almost 4X in 2020 to $15 billion

Tether supply surges to $15 billion but it could still be a house of cards

The surging DeFi sector has resulted in a mass minting of Tether in 2020 — including $3B last month alone — which has pushed its market capitalization over $15 billion.

See more for yourself here.

[Oxumare]

There is a growing adoption of stable cryptocurrencies.This will reflect positively for the tether, even surpassing Ethereum in the Marketcap ranking. Currently, its market value is 15 billion 700 million.It can grow 3 or 4 times.

[IyemRoker]

Incredibly, this Tether was able to penetrate 4x times in the same year for its financial circulation.
I can't praise it anymore because this is indeed a miracle for Tether users who are able to fly in a stable coin market.

Maybe another stable coin should be able to emulate Tether's trick to make it strong in various aspects.

[kent47400]

There will be nothing if Tether has not increased its market capitalist by 10 times, because in my opinion, it will increase in value again.
When a Bull Run occurs I believe it will be the best option for USDT holders to shift their coins to altcoins to create profit.

But also be careful because altcoins are always changing and USDT is more perfect on stable coins.

[saprakib]

Tether market cap increases almost 4X in 2020 to $15 billion

Tether supply surges to $15 billion but it could still be a house of cards

The surging DeFi sector has resulted in a mass minting of Tether in 2020 — including $3B last month alone — which has pushed its market capitalization over $15 billion.

See more for yourself here.

It has shown that how much popularity it has got at the period of short time. I think it will be strpng platform and currency in the upcoming years as we have seen most of the trader are using this pair.   

[Malam90]

Tether market cap increases almost 4X in 2020 to $15 billion

Tether supply surges to $15 billion but it could still be a house of cards

The surging DeFi sector has resulted in a mass minting of Tether in 2020 — including $3B last month alone — which has pushed its market capitalization over $15 billion.

See more for yourself here.

USDT marketcap today is $19B which is the highest cap all the time of USDT history. Its because of increasing trading volume of USDT in maximum exchanges now increased and surpasses over 60% trading volume are done in USDT pair. In the recent time, you can observe the trading volume in exchanges is a factor for increasing its marketcap but i don't believe it's a house of cards rather it's a long race.

[tor]

Tether's capitalization is growing very quickly, three more months have passed and now it is estimated at almost 20 billion dollars

[aiviaa485]

Tether's capitalization is growing very quickly, three more months have passed and now it is estimated at almost 20 billion dollars

And maybe you are also in it because then you can take advantage of Tether.
When you trade cryptocurrencies such as Bitcoin and Altcoins, you will look for profits and are transferred to Stable coins, namely Tether.

Once you have Tether then it's easier to exchange the Fiat on WD to your credit card.

[jonathancool220]

The more Bitcoin trading, the more Fiat will enter the cryptocurrency market, including USDT entering the stable coin market in cryptocurrency.
Bitcoin is the parent of everything for cryptocurrency but to buy it requires Fiat to be converted to altcoins, the most popular for stable coins is USDT and the proof is this thread.

[Malam90]

Last 15 days, USDT surges around $2B marketcap and now staying at rank 3 in the coinmarketcap by beating XRP which has now facing a lot of troubles by SEC. USDT marketcap is increasing with the increasing demand in the bull run market by pegging balance from investors.

[vaysar]

Tether yesterday issued $800 million USDT on the Tron blockchain. According to the Whale Alert service, which tracks large transfers of cryptocurrencies, the issue was split into two tranches of $400 million each, and on January 1, Tether issued $300 million on the Ethereum blockchain. In three days, $1.1 billion dollars entered the market, which will be used to buy Bitcoin that has risen in price.

[wxxyrqa]

Tether yesterday issued $800 million USDT on the Tron blockchain. According to the Whale Alert service, which tracks large transfers of cryptocurrencies, the issue was split into two tranches of $400 million each, and on January 1, Tether issued $300 million on the Ethereum blockchain. In three days, $1.1 billion dollars entered the market, which will be used to buy Bitcoin that has risen in price.

I believe that after such a process, no one will doubt the reliability of using USDT. In addition, on the Tron platform, USDT is primarily beneficial for those users who are worried about fees that are too high compared to erc20.