The capitalization of the most comprehensive stablecoin Tether (USDT) is gradually approaching $ 10 billion. Now, this figure is just over $ 9.2 billion.
Paolo Arduino, CTO of the development company, recently said that his team has minted $ 5 billion worth of coins over the past six months.
At the moment, stablecoin is on the third line of the rating of the largest cryptos. From this position, USDT knocked out XRP.
Skew service analysts drew attention to the fact that a sharp increase in stablecoin capitalization was observed in 2020. Aggressive growth in value has occurred over the past two months.
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In parallel, there was a surge in the activity of coin holders. For example, on June 8, with Tether, 282,000 transactions were conducted. For the same child with Bitcoin, 254,000 operations were implemented.
Arduino linked the increase in USDT capitalization with a surge in demand for this asset in March after Black Thursday. Many investors rushed to stablecoin to get fiat money through it.
According to researchers, the periodic inclusion of the Tether printing press may positively affect the cost of bitcoin. For example, Chinese investors enter the largest cryptocurrency just through USDT.
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Major changes in Tether's Market Cap have led Bitcoin's price over the last 1.5 years.
— Charles Edwards (@caprioleio) January 13, 2020
5 January 2020 was no different.
A healthy signal.
Keep it printing 🖨️ pic.twitter.com/dfe0dBJzwh