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Tether Market Cap Increases Almost 4X in 2020. Is It a Good Sign?

22 September 2020 17:26, UTC
Tether Market Cap Increases Almost 4X in 2020. Is It a Good Sign?
By Nick James

18.03.2020  |   in Cryptocurrencies
Tether is getting more and more popular in 2020. Last month only, USDT was increased by $3B, which has pushed the market bankroll over $15 billion. At the beginning of the year, in circulation, there was $4billion USDT. Liquidity pools are increased and they are dependent on stable coins. Some said that the daily use of Tether was higher than Paypal’s, because of the stablecoin’s high flow. Meanwhile, some in the crypto society are still asking for a full review. They would like to know if there are really $15 billion real dollars in the stablecoin or is it a lie?

Is a Tether a good investment?

If you are thinking about different ways of investment in 2020, one is Tether, which is worth thinking about. Cryptocurrencies are among the best performing assets for now. One of the best options in this field is the USDT crypto which is creating some expectations for the future in this industry. If you are a sharp investor, you are well aware of the Forex market and its ways to make huge profits. But there come the times when It is very useful for traders to just buy Tether with their BTC when bitcoin prices are going down and protect themselves from the recession.

07.07.2020  |   in Cryptocurrencies analysis
Tether is also very useful for crypto adoption across the world because there is no risk involved for the merchants (somebody who is selling something). It has also appeared as a preferred crypto payment on FX platforms where a broker has clearance to accept Tether and allow exchange into BTC on their own platform. This enables trading forex with BTC but is mostly provided through Tether deposits. At this point, traders are investing in USTD crypto that can give them the feeling of safety and security.

What is Tether USDT?

For beginners in crypto investment, there is a huge stress factor which is the instability of these digital currencies. Bitcoin is the biggest example of it: in 2017 it was valued at $1.000, and now it is about $11K. This kind of volatility has discouraged many investors from coming to the crypto market.

On the other hand, there is Tether’s USDT which is getting popular by solving the concern by combining cryptocurrency technology and fiat currencies. The USDT crypto is one of the categories known as stablecoins, this digital coin is pegged to the US dollar, and is designed to keep the value of the $1 respectively. So, This stablecoin is safe to invest in.

The best of both worlds

When you invest in cryptocurrencies, if you don’t have some knowledge of the trading system, then you may lose dozens of money in a matter of seconds. The prices are changing rapidly and you need to be always up to date on the news. The crypto market is volatile, so prices may go up and down pretty quickly, fluctuating. USDT crypto was the mix of both science and academia of development of a coin that can stand a market instability. The result is Tether which offers investors the opportunity to benefit from the best of both worlds and sides of the coin. When you want to invest in USDT crypto, you pay to a company called Tether. The company will add your funds to its reserve, creating a new volume of USDT. So the value of each coin remains $1.

Is Tether USDT the future of cryptocurrencies?

24.07.2020  |   in Innovations
Stablecoins such as Tether have tried to make their way in the industry with its stability in a volatile market. Tether allows us to digitalize the US dollar and make transactions smoother and quicker with the low expenses on the blockchain. This is a very practical cryptocurrency which makes it a desirable investment. So, additionally to every profit Tether can give you, one of them is a strong long-term demand.

Final Thoughts

If you are someone who thinks about getting started in investing in cryptocurrencies but is afraid of its instability, then you should go for Tether’s USDT, because it includes knowing what the crypto is about and gives you many opportunities to try your way in the trading industry as well. The solutions it offers are going beyond profitable and viability is one thing you should really think through. It is truly the most popular stablecoin in the world because it helps to realize various ideas in the market. The Tether scheme has already succeeded in great disagreements in order to make it to the top spot.

Image courtesy of Crypto News Point



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