Cryptocurrency News Today: Dollar-pegged stablecoin Tether is now the world’s 4th biggest cryptocurrency
Controversial USD-backed stablecoin Tether is now the world’s fourth biggest Cryptocurrency, only surpassed by Bitcoin, Ethereum, and Ripple.
According to CoinMarketCap, Tether currently has a market capitalization of $4.13 billion.
Its trading volume stands at $36 billion over the past 24 hours.
Meanwhile, Bitcoin – undoubtedly the world’s most famous Cryptocurrency – suffered a considerable decrease in terms of both price and market cap.
Although Tether enthusiasts may see this as cause for celebration, I wonder how hardcore Cryptocurrency fans will stomach a stablecoin pegged to the US dollar being in the top four – it’s likely they’ll find it outright tragic.
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