news

bitcoin

1 X bitcoin bitcoin =

Thursday

26 November 2020

USDT Towers Over 30 Stablecoins- Tether's Market Cap Grew by 2 Million Percent in Just Four Years | Bitcoin News

USDT Towers Over 30 Stablecoins- Tether's Market Cap Grew by 2 Million Percent in Just Four Years | Bitcoin News


smart summary beta

Since January 2016, the stablecoin tether’s market valuation has grown a whopping 1.9 million percent from $951k to $18.5 billion.

Tether has been controversial for a number of reasons, but nobody can deny how prominent the stablecoin has been during the last few years.

USDT was barely a blip on the radar for the first two years and in 2016, the stablecoin became more noticeable capturing the 30th position in terms of market cap.

During the last seven days, recorded USDT transactions above the $100k region show $16.1 billion has been settled this past week.

On January 3, 2016, the stablecoin tether’s market valuation was a mere $951,600.

In January 2018, after the 2017 bull market run, tether’s market position dropped to the 37th spot in terms of overall valuation compared to 5,000+ crypto assets.

At that time two years ago, 43 crypto assets had a crypto market cap over $1 billion and USDT’s market cap was $1.47 billion.

A year later, tether (USDT) market cap grew over 115% from $1.9 billion to $4.1 billion on January 5, 2020.

Today, the crypto asset is the third-largest blockchain, in terms of market cap, and it doesn’t seem like it’s going away anytime soon

Goto Full Article

bitcoin bitcoin price

$18732.22

24h

Live Average

bitcoin

News Article Sentiment

positive

Score (0)

Article Metadata

author

site

bitcoin.com
Market data feeds provided by cryptocompare.com
bitsmart 2020