Controversial USD-backed stablecoin Tether is now the worlds fourth biggest cryptocurrency, only surpassed by Bitcoin, Ethereum, and Ripple.<\/p>\n
Tether, which is actually only 74-percent backed by cash and other assets, garnered a higher share of the market after a major sell-off.<\/p>\n
According to CoinMarketCap, Tether currently has a market capitalization of $4.13 billion.<\/p>\n
Its trading volume stands at $36 billion over the past 24 hours.<\/p>\n
Meanwhile, Bitcoin undoubtedly the worlds most famous cryptocurrency suffered a considerable decrease in terms of both price and market cap.<\/p>\n
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 its likely theyll find it outright tragic.<\/p>\n
Come say hi to the Hard Fork teamat our blockchain event. On October 15-17 in Amsterdam, hear from top experts as they discuss the industrys future.<\/p>\n
Published September 25, 2019 15:29 UTC <\/p>\n
<\/p>\n
Read this article: Controversial USD-backed stablecoin Tether is now the worlds fourth biggest cryptocurrency, only surpassed by Bitcoin, Ethereum, and Ripple. Tether, which is actually only 74-percent backed by cash and other assets, garnered a higher share of the market after a major sell-off. According to CoinMarketCap, Tether currently has a market capitalization of $4.13 billion. Continue reading
\nDollar-pegged stablecoin Tether is now the worlds 4th biggest cryptocurrency - The Next Web<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"