With incentives from central banks and positive dynamics in the stock and precious metals markets, cryptocurrencies are gaining their share of interest. There will probably be speculative targets again when it comes to volatile coins, but there are also stable cryptocurrencies that are attracting more and more demand. They have all the necessary qualities for the purpose of portfolio diversification, and at the same time make it possible to instantly enter and exit volatile coins, affecting the entire market as a whole. Therefore, it is the growth in the capitalization of Tether (USDT) and other stablecoins that can become a really strong driver of the future growth of Bitcoin.
Nilssson August 6, 2020 Reply
It is highly likely that stablecoins will soon attract the attention of regulators. If bitcoin was a "project in itself", and its price soared to $20K was quite easy to cut at times, then stablecoins are already playing on the territory of central banks and the global money transfer network.
Fromouttaspace July 30, 2020 Reply
It's very likely that stablecoins will only show growth over time. This scenario will attract close attention of regulators. If bitcoin was a “project in itself”, and its soaring up to $ 20K value was quite easy to cut at times, at the same time pushing tens of thousands of retail investors out of the market, then stablecoins are already playing on the territory of central banks and the global money transfer network. It is likely that integration with the traditional banking sector is possible precisely on the basis of stable cryptocurrencies, although initially they will face resistance.
NIcky J1 July 21, 2020 Reply
Ah, the usual Load the Tether FUD. We experience Tether FUD every single time the market looks bullish, so it comes as no great surprise that suddenly Bitfinex is having troubles with the NY AG. It’s easy when these events happen, you just sell, grab coins at a cheaper price, and then ride them back up- all thanks to Tether. USDT works, and it’s verifiably backed by USD. Banks are not 100% banked by assets, so why should USDT be? It’s just the usual market FUD that’s meant to shake out weak hands.
K1ethus May 19, 2020 Reply
USDT is my preferred trading coin. I never trade crypto to crypto. I only mess with USDT because its the next best thing to cash. I trade from BTC to USDT because I make sure to take profits asap. If you aren’t trading crypto to USDT, then you’re losing out because theres always fees when moving to other coins that youre eventually going to land in USDT.
Tom April 14, 2019 Reply
It's really good to see Tether back on their feet. There was a long time that there was a solid amount of doubt hanging over their coin, but it seems after proving that they do in fact have money in their bank accounts they can continue as normal. Their recent partnership with TRX is also another big win, proving their legitimacy and their overall involvement with another huge project. Tether is still better than all the other stablecoins because it is known in the ecosystem, and everything else is just a fad.
Ken March 25, 2019 Reply
Well, Tether found a new avenue to get hype around it again. Partnering with TRON was a mega move on their part. I can't believe other projects haven't thought about doing this. Tether and TRON are going to moon from this partnership.
Jurg March 7, 2019 Reply
Like most, I think Tether is holding the market back. It's been tainted by too many controversies and we need a reset. There are many legitimate stablecoins out there and I don't understand why Tether holds so much sway in the market still. Crypto Winter didn't flush Tether away, it actually made it stronger.
johnny February 24, 2019 Reply
At one time, USDT could have been a great first for the market, and it really helped save money and gave time to think about how to act.
Olson January 8, 2019 Reply
In the long run, the decline of Tether may positively affect the cryptocurrency market, as this is going to force investors to more closely consider options with Gemini Dollar, Paxos and TrueUSD.
Dennis October 15, 2018 Reply
The Tether project was initiated in 2015 by the Bitfinex exchange. The main goal was the exchange of real dollars for digital currency avoiding bureaucratic difficulties in bidding, as well as barriers and bans on converting fiat to cryptocurrency. Then, the "digital dollar" was listed by ...