On July 25, data on CoinMarketCap showed: Tether (USDT) beats a number of records, increasing the volume of deliveries to 4 billion coins. Now the USDT has taken over management as the most traded asset, occupying more than 32% of all exchange activities.
The growing popularity of Tether
Interesting in the section: Tether, as an analog of the dollar
Tether managed to get ahead of Bitcoin, and become the most traded virtual currency, which accounts for 32.95% of trade operations on crypto-exchanges. Bitcoin (BTC) held the leading position for a long time, today cryptocurrency takes the second place, having made 29.29% of exchange activity.
The fact that Tether's trade has exceeded Bitcoin underscores its recognition in a growing sector. Tether's popularity continues to grow, given its ability to make it easier for traders to transfer money to other cryptocurrencies.
Binding Tether to the US dollar means that traders do not need to exchange their cryptocurrency for dollars with each transactionTransaction
– is a financial term that means a logically meaningful operation that can only be carried out completely. Details.
Tether shows the success of sales on the stock-exchanges and overtakes Bitcoin. Recall, on July 23, the CoinMarketCap official blog published an article (authored by one of the co-founders of Dash), which tells about the long path of formation and development of cryptocurrency in Thailand.
Editor: Pereyidenko Ihor