Tether Prints $5 Billion in Two Weeks

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Summary

Tether’s market cap has shot up to near $15 billion with some $5 billion of it printed just this month. Top cryptos, Sep 2020 Bitcoin is now closing in on $200 billion, with those trading volumes largely fake as they probably stand at around $20 billion. This huge jump in USDt is the biggest ever, with Tether now overtaking in market cap plenty of well known global companies. Meaning for eth there’s some reason for demand, while for tron it’s probably because of low fees. For USDt however, this printer is running faster than even Fed’s (yeh right) with eth alone holding nearly $10 billion, as much as tether’s total market cap just a few weeks ago.

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Tether’s market cap has shot up to near $15 billion with some $5 billion of it printed just this month.

This huge jump in USDt is the biggest ever, with Tether now overtaking in market cap plenty of well known global companies.

It has also overtaken the third biggest crypto once again, Ripple, which sits at $11 billion.

Top cryptos, Sep 2020

Bitcoin is now closing in on $200 billion, with those trading volumes largely fake as they probably stand at around $20 billion.

ETH is now above $40 billion, with a potential competitor, Polkadot, being the newest to enter rankings.

BCH is in some trouble. Rows over how to fund development have seemingly led to a complete mess with bitcoiners maybe getting their way to send this coin to irrelevance as apparently they’re thinking of yet another chainsplit.

YFI couldn’t fit in the above screenshot but this has now become the most valuable defi token with it entering top 20 at circa $1.2...

Read the full article @ TrustNodes