Cryptocurrency Tether dominates the market tablconv, with 98% of the daily trading volume




Despite the criticism of opacity and centralization against stablon Tether that is tied to the US dollar, the asset continues to outstrip their rivals.

In the report of the Blockchain Luxembourg SA company said that approximately 98% of the total daily trading volume tablconv belong to the Tether. This translates to approximately 60% of the daily trading volume of the cryptocurrency Bitcoin.

Tether bypasses the other stabilini on the market

As for market value, the Tether is about 93% of the market value of all tablconv. Currently, the total market capitalization of all such products is approximately 3 billion U.S. dollars, about 1.5% of the total cryptocurrency market.

Compared to other stablename, Tether also can boast that it is presented in the listing on the largest number of cryptocurrency exchanges. Overall, stabilini are listed 50 of the cryptocurrency exchanges in the amount and Tether presents at least no less than 46 of them.

The report, which analyzed 57 tablconv (running 23 and 34 at the stage of preparation to launch), showed that investors increasingly began to show interest in similar products and the financing of such projects from the venture capital amounted to about 350 million U.S. dollars. Portion of the venture capital funding was drawn from funds that include Andreessen Horowitz, Bain Capital Ventures, Google Ventures and Lightspeed Venture Partners.

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