USDT set to eclipse Bitcoin transactions!  USDT set to eclipse Bitcoin and overtake the King in terms of transactions.   It’s important to note that USDT has seen intense composition in the realm of stable coins.

According to Messari’s Q2’20 Review, tether’s daily transaction value is set to overtake Bitcoin’s daily transaction value in the near future.   

First launched in October of 2014, Tether’s economy has been an enigma.   As of July of 2020, the market for Tether has captured roughly $10 billion in value.   

This growth was despite intense competition from stable coins like Pax Standard (PAX), TrueUSD (TUSD), DAI, and USD Coin (USDC).

At time of writing, only $100 million remains between both USDT and Bitcoin’s daily transaction value.

Stable coins offer 24/7 uptime and relatively quick settlement.   With the rise of the DeFi sector, stablecoins have only grown in popularity.

Statistics also show that USDT has more trade volume than bitcoin.   This is a usual occurrence – data from intotheblock.com shows that USDT concentration is 12.03%, while Bitcoin concentration is only 1.39%.   

USDT also captures 64.02% of BTC’s reading share.  This is probably due to the fact that the largest market pair is typically tether.   

Fiat currencies like the USD (11.20%), JPY (9.30%), EUR (4.46%), and KRW (3.79%) are BTC’s top fiat pairs on July 22nd.   They hold no water to USDT’s position as a trading pair – even when combined.

What do you think?  Let us know on our Facebook page.   

IF YOU DO NOT AGREE WITH ANY TERM OR PROVISION OF OUR TERMS AND CONDITIONS, PLEASE EXIT THE SITE IMMEDIATELY. PLEASE BE ADVISED THAT YOUR CONTINUED USE OF THIS SITE OR THE PRODUCTS OR INFORMATION PROVIDED THEREBY SHALL INDICATE YOUR CONSENT AND AGREEMENT TO THESE TERMS AND CONDITIONS.

Crypto Traders Pro may express or utilize testimonials or descriptions of past performance, but such items are not indicative of future results or performance, or any representation, warranty or guarantee that any result will be obtained by you. These results and performances are NOT TYPICAL, and you should not expect to achieve the same or similar results or performance. Your results may differ materially from those expressed or utilized by Crypto Traders Pro due to many factors.