Altcoins News
By Dan Saada
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Tether USDT on newly supported chains is growing well. Tether on $SOL now at 180M Tether on $ALGO now at 90M.
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One USDT is making it on many chains. It is about adoption by exchanges, liquidity, speed and fees. Of all the chains, TRON at present is unbeatable for USDT.
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No denying that USDT on SOL permits users to transact virtually free and instantly.
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Bloomberg pointed to how Tether has topped $50 billion in circulation, more than the insured deposits at almost all U.S. banks.
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One of the users stated, insured deposits amount is just 1% of total deposits. Basically the insurance is worthless.
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However, from $1B to $50B in only 4 years, this is the evolution of Tether's market Cap. In response to anyone who talks about Tether backing, Paolo has to say: ““Tethers…
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Someone who paid no heed to the Paolo Ardoino Full Stop stated: “It’s easy to say something is fully backed when it’s mainly backed by the asset that it’s pumping........
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Someone else stated, Paolo, what is the point of these posts? Everything will be public knowledge in 19 days when you obviously meet the NYAG settlement obligations.
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Paolo Ardoino tweeted: PS does someone know the addresses of @bitfinexed, @ahcastor, and @BennettTomlin? This will make their Sunday.
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In response one of the users stated, when you see the price of Bitcoin hitting new highs like this, it means large holders are cashing out—ahead of the crash, which they all know…
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However, someone who believed in HODL stated, you need to do more research before posting FUD like that LOL.
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Despite all Tether continues with its charm: In just over one year, Tether market cap has grown in scale by more than ten times, surpassing $50B.
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