The market capitalization of the Tether unexpectedly exceeded $ 4 billion. This is the highest rate since the launch of stablon in 2015. Just a few weeks the dollar backed cryptocurrency USDT scored more than a billion, although more may 15 capitalization did not exceed 2.8 billion dollars.

Most likely, most of the increase in emissions associated with a significant jump ERC20-tokens. In June, the blockchain Ethereum was released almost half a billion tokens USDT. Now, however, the figure soared to 1.5 billion.

Source: CoinMarketCap

The ratio tetherow on the Omni blockchain-based Bitcoin suffers greatly. Where does the high demand — it’s not quite clear. Now on the Ethereum blockchain there are only 21 million available tetherow, while the number of Omni-tetherow 260 million.

The sharp uptrend of cryptorhynchus was observed in may and June. However, in July was released about half a billion tetherow, while other cryptocurrencies have demonstrated lateral movement or fall.

Trading volumes Tether bypass Bitcoin

Typically, cesery used to accelerate arbitrage trading — that is, transfusion of cryptocurrency from the exchange to the stock exchange for the benefits due to the difference of value on different platforms. In addition, stabilini used to bypass the restrictions in China: Chinese traders just use them instead of dollars.

Interestingly, in recent years, the volume of transactions with USDT surpass even Bitcoin. Last Tether the trading volume was much lower than BTC, and sometimes does not even reach the ETH, but something went wrong. The exact cause is not clear, however, there is more suspicion that the USDT are used for the support of the majority of fake trading volumes on cryptomeria, wash trading, as well as many other fraudulent tactics.

Source: Coinmarketcap

Tether presents at almost all criptomeria around the world. While any mediocre exchange — even brand new — can set up the trading bots on the artificial production volumes. Trading volumes also can blow up bots that are configured on arbitrage trading, as they have the technical ability to detect even the slightest changes in the price of the cryptocurrency.

On the other hand, the Tether can be exchanged for a significantly larger number of cryptocurrency compared to Bitcoin, so that more high trade volume can be explained by the desire to purchase different coins. Obviously, investors are waiting for, when finally altcoins will flow smart money, and courses will go through the roof.

In turn, Bitcoin you can buy for far more Fiat currency, including dollars, euros, British pounds, Korean won, and almost all world currencies.

Message Tether Capitalization exceeded $ 4 billion and set a record appeared first on crypto.by.