Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Stable Coins Forum => USDT Forum => Topic started by: MUGNIA on December 20, 2020, 04:01:58 PM
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USDT is now also the fourth largest crypto by market cap. The news was announced in a Tweet from the company.
At the time this article was written, Tether had a market cap of slightly over $20.03 billion. This is down about $10 million from its peak today, according to CoinMarketCap.
https://twitter.com/Tether_to/status/1339871055863791617
Accelerate!
Tether’s market cap has been rising all year. Its pace is rising, too. It took almost six months, from mid-December last year to mid-May this year, to double from roughly $4 billion to over $8 billion.
The next jump, to over $13 billion, took place at the beginning of September. Tether has seen roughly half of its rise come in the last four months.
more : https://beincrypto.com/tether-sets-new-records-with-20bn-market-cap/
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Tether is very dominant in the eyes of cryptocurrency lovers because Tether is still at number 3 on Coinmarketcap.
This thread also proves that the power of attraction of Tether is very strong and is able to attract investors very quickly.
I also frequently use USDT and it's simpler and easier to use in cryptocurrency trading.
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I think BUSD will now approach the market from USDT because BUSD is the behind-the-scenes success of Binance.
Binance is excited to create a stable BUSD coin because USDT if left unchecked is sure to destroy the Binance market.
So with that Binance created BUSD as a match for USDT.
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I think BUSD will now approach the market from USDT because BUSD is the behind-the-scenes success of Binance.
Binance is excited to create a stable BUSD coin because USDT if left unchecked is sure to destroy the Binance market.
So with that Binance created BUSD as a match for USDT.
Tether has a very strong advantage that allows users to store USDT across multiple platforms, especially the most sought after erc20 and trc20. It is this fact that increases the demand for a stablecoin in the cryptocurrency market.
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Tether issued a tranche of $300 million at a time. Such surges in emission often coincide with an increase in the Bitcoin exchange rate. Apparently, bitcoin managed to easily overcome the $30,000 mark in connection with this tranche.
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I think BUSD will now approach the market from USDT because BUSD is the behind-the-scenes success of Binance.
Binance is excited to create a stable BUSD coin because USDT if left unchecked is sure to destroy the Binance market.
So with that Binance created BUSD as a match for USDT.
Tether has a very strong advantage that allows users to store USDT across multiple platforms, especially the most sought after erc20 and trc20. It is this fact that increases the demand for a stablecoin in the cryptocurrency market.
USDT will always have an edge over other stablecoins, despite very frequent negative comments from skeptics. Tether came in third place in the coinmarket and these are outstanding indicators.
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Yesterday, exchanges accepted $400 million USDT issued on the Tron blockchain. As a result, the total amount of Tether USD has grown to $ 23.7 billion. USDT emission is a tool for measuring the activity of large investors in the cryptocurrency market, the more they print, the more long-term the crypto growth trend will be.
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The Tether case is currently one of the issues that affect the cryptocurrency industry the most. I wonder about the result of the Tether case on January 15 If Tether and Bitfinex companies fail to provide the necessary documents, this market could suffer a second hit.
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The amount of Tether has exceeded $25 billion. For 25 days of the new year, investors have invested in USDT 4 times more investments than in Bitcoin. Stablecoin is in great demand in China, where the government has restricted the purchase of foreign currency.
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investors have invested in USDT 4 times more investments than in Bitcoin.
It is true that USDT is more than 4x invested by everyone than Bitcoin.
But in fact the USDT is even more important for buying Bitcoin and Bitcoin is now included in the very expensive cryptocurrency section.
I may buy Bitcoin back from the remaining USDT I now have because this is my last capital to prepare for the Bearish season.
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I would say that the stablecoin is not used for targeted investments, but as an intermediary before buying other cryptocurrencies for fiat, as well as in order to fix your profit in a particular case. To date, the market is showing new records for Bitcoin and Ethereum, as well as other cryptocurrencies. It is in these conditions that users sell their cryptocurrency for usdt and therefore its capitalization increases.
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Usually when there is a Bearish USDT it is able to enter rank 3 or even close to rank two because the market cap is a stable coin, whereas everyone likes stable coins rather than unstable coins if there is a Bearish.
Maybe later after the Bullish happened we will be able to get this information from various media related to Tether and will see to what extent Tether ascended the throne at Coinmarketcap.
I can't wait to see this because this is the moment I have been waiting for since the Bulish event at the end of December 2020 until this second.