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Peter Brandt Warns: “Tether Is An Accident Waiting To Happen”

Peter Brandt warns against Tether’s USDT saying that “Tether is an accident waiting to happen” as he posted on his Twitter profile in a response to another post about the market cap of the coin and the total crypto industry’s market cap with the overall digital asset volume. We are reading more about it in the latest Tether news today. He added that Tether is in the same class as national currencies: “Tether is just another fiat currency.” It’s still unclear whether or not Brandt feels like the asset’s riskiness lies in the fiat currency status or in its checkered…

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Tether Hits $10 Billion Market Capitalization Level: Report

Tether hits $10 billion market capitalization level as growth in 2020 enhanced as we are reading more in the upcoming Tether news. Tether hits $10 billion market cap and the announcement was announced by the company after seeing through the market price aggregator CoinGecko. USDT’s issuance has seen some increased growth this year doubling from the $5 billion in just a few months since March 2020. As per the previous reports, a relevant portion of this growth came from the existing fiat on exchanges that are transformed into USDT. Paolo Ardoino, Tether, and Bitfinex CEO The Bitfinex and Tether CTO…

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Tether’s Average Daily Transaction Value To Surpass The One Of BTC

Tether’s average daily transaction value just surpassed the one of Bitcoin as the stablecoin sector was seeing some huge growth over the past year. This led to the transaction value of USDT flipping the one of Bitcoin as we are reading more in the upcoming Tether news. The growth of the fragment of the crypto market saw it rooted in the global flight to the US dollar which is considered a “safe-haven” currency as well as the ongoing DeFi boom. This boosted the massive inflows into the monetary base of the stablecoin market which is worth more than $12 billion.…

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