Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: newshunter on October 17, 2020, 07:00:47 PM

Title: Tether volume hits $600B as it attempts to take on Bitcoin as crypto’s benchmark
Post by: newshunter on October 17, 2020, 07:00:47 PM

Tether volume hits $600B as it attempts to take on Bitcoin as crypto’s benchmark

Tether accounts for a huge percentage of transactions and is taking on Bitcoin and Ethereum in a variety of ways

Source: Tether volume hits $600B as it attempts to take on Bitcoin as crypto’s benchmark (https://cointelegraph.com/news/tether-volume-hits-600b-as-it-attempts-to-take-on-bitcoin-as-crypto-s-benchmark)

Would appreciate your opinion about this

Title: Re: Tether volume hits $600B as it attempts to take on Bitcoin as crypto’s benchmark
Post by: MrSpasybo on October 17, 2020, 08:31:15 PM

USDT's daily trading volume is equal to the total daily trading volume of BTC & ETH, which shows USDT's extremely high bustle and liquidity. This can be achieved through a transfer of investor sentiment: safety or profit, accumulation or investment. In addition, the DeFi wave has also attracted more investment sources, and one of the most important gateways for fiat to become crypto is USDT.

Title: Re: Tether volume hits $600B as it attempts to take on Bitcoin as crypto’s benchmark
Post by: Bobcrypto on October 17, 2020, 10:18:17 PM

I think it also gate ways for altcoins for safety while the market is showing signs of bear. USDT is known to act as a safe landing coin for investors, traders and holders, and evenit could stand for profit, whether short or long term basis.