Tether (USDT) Overtakes XRP Yet Again, Exceeds $13.4 Billion Market Valuation

Tether (USDT) Overtakes XRP Yet Again, Exceeds $13.4 Billion Market Valuation
фото показано с : zycrypto.com

2020-9-2 23:22

Over the past 24 hours, Tether stablecoin has overtaken Ripple’s XRP once again to become the world’s third-biggest cryptocurrency just behind ethereum (ETH) and bitcoin (BTC). Tether now boasts a staggering market valuation of over $13.4 billion.

XRP Is Back To Fourth Place

Earlier today, the cryptocurrency market registered a significant upsurge as almost every cryptocurrency rallied. The king of crypto continued to press higher to just below the elusive $12,000 mark. The BTC price reached $11,965 early Tuesday. Smart contracts giant ethereum also rallied to a two-year high around $470.

Ripple’s XRP is also in the green but it has been displaced by Tether (USDT). With a $13.1 billion market cap, XRP is ranked as the fourth-largest cryptocurrency by CoinMarketCap.

However, this is not the first time Tether has flipped XRP for the third top-spot. The stablecoin beat XRP back in May this year due to continued printing. Since then, the two cryptocurrencies have registered considerable growth amid a crypto market resurgence. Moreover, XRP reclaimed its third spot in July, before relinquishing it yet again on Sep 1.

Tether continues flourishing despite its parent company facing multiple court cases. Perhaps the most notable case is the one Tether and its sister firm, Bitfinex, are currently dealing with that involves the New York Attorney General who accused the two firms of conspiring to hide close to $1 billion.

But, XRP Is NOT Competing With Tether

XRP’s displacement by Tether comes just weeks after a key executive at Ripple made it clear that XRP is not in a competition with stablecoins.

In mid-August, Ripple’s senior director of global operations, Emi Yoshikawa, postulated that XRP is not competing with stablecoins or central bank digital currencies (CBDCs) like the imminent digital yuan. Instead, XRP aims to contribute to the development of CBDCs and stablecoins.

Yoshikawa said at the time:

“Thereare various types of crypto assets, but I think that the role of XRP as a bridge asset in inetrnational settlement, and is not competing with stablecoins or CBDC, but on the contrary, is complementary. We believe that various stablecoins and CBDCs will create synergy by responding to the liquidity problem by bridging independent crypto assets, XRP.”

Meanwhile, XRP rose by 4.10% over the past 24 hours to trade at $0.292539.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Tether (USDT) на Currencies.ru

$ 0.9991 (+0.02%)
Объем 24H $62.209b
Изменеия 24h: 0.00 %, 7d: -0.04 %
Cегодня L: $0.9986 - H: $0.9994
Капитализация $111.862b Rank 3
Цена в час новости $ 1.0026 (-0.35%)

tether market valuation xrp again ethereum behind

Источник: zycrypto.com

tether market → Результатов: 126


Tether: 115 addresses controlling 56% of total supply fuels centralization, manipulation concerns

One breed of coins that came out a winner following the Black Thursday crash was the stablecoin market. The world's most popular stablecoin, Tether's market cap rose as Bitcoin's own market cap dwindlThe post Tether: 115 addresses controlling 56% of total supply fuels centralization, manipulation concerns appeared first on AMBCrypto.

2020-5-5 19:30


Crypto Market Loses a Whopping $10 Billion in Wake of Tether/Bitfinex Scandal

On Thursday, the cryptocurrency market took a major hit, dropping more than $10 billion in market cap following allegations surrounding Tether (USDT). According to a press release officially published on the New York Attorney General website, iFinex Inc which is the company behind Bitfinex crypto exchange and Tether Limited, covered up a loss of $850 […] The post Crypto Market Loses a Whopping $10 Billion in Wake of Tether/Bitfinex Scandal appeared first on ZyCrypto.

2019-4-27 09:00


Фото:

Huobi’s Cryptocurrency Market Index Now On Bloomberg Terminal

Cryptocurrency exchange Huobi announced that financial data firm Bloomberg has added the HB10 crypto market index on its terminal for subscribers. Huobi launched HB10 index last month, which uses weighted samples to track a pool of top 10 crypto assets traded on its platform in real-time against tether (USDT), the dollar-pegged cryptocurrency, based on their liquidity

2018-6-21 11:33


Фото:

‘Really Un-Tethered?’ Bitcoin Price Manipulation Returns With New Research

Days after Tether (USDT) gained a higher market cap than Monero and Dash, new research has reignited suspicions that the altcoin “manipulated” Bitcoin prices.   Cryptocurrency Highs Fuelled By Tether The product of two researchers at the University of Texas, the paper — titled Is Bitcoin Really Un-Tethered? — claims to have identified potential evidence of direct price manipulation since November 2017.

2018-6-13 20:00


This paper investigates whether Tether, a digital currency pegged to U.S. dollars, influences Bitcoin and other cryptocurrency prices during the recent boom. Using algorithms to analyze the blockchain data, we find that purchases with Tether

Using algorithms to analyze the blockchain data, we find that purchases with Tether are timed following market downturns and result in sizable increases in Bitcoin prices. Less than 1% of hours with such heavy Tether transactions are associated with 50% of the meteoric rise in Bitcoin and 64% of other top cryptocurrencies. The flow clusters

2018-6-13 19:39


Фото:

Research shows Bitcoin’s price increased due to tether manipulation

The U.S. dollar-pegged tether has been used to support bitcoin’s price during market downturns, a new study published by University of Texas at Austin professors. The published study states that the researchers used “algorithms to analyze the blockchain data, we find that purchases with tether are timed following market downturns and result in sizable increases in bitcoin prices.

2018-6-13 19:31


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

XRP Price Nears Major Converging Point: Analyst Predicts 3,600% Jump To $20

A crypto analyst has predicted the next price target for the XRP price, noting that the altcoin was nearing a key point that could potentially trigger a major bull rally for the cryptocurrency.   XRP Price Roadmap to $20 In an X (formerly Twitter) post on May 20, Crypto analyst, Javon Marks forecasted a strong bullish breakout for the XRP price in this market cycle.