Home » General World News » A controversial cryptocurrency is exploding as traders look for safety away from bitcoin’s wild swings

A controversial cryptocurrency is exploding as traders look for safety away from bitcoin’s wild swings





trader screens

  • Tether’s USDT, a controversial cryptocurrency, is becoming more and more popular among traders, research from Morgan Stanley finds.
  • Bitcoin trades paired against USDT now make up 14% of bitcoin trading volumes.
  • Tether skeptics have questioned whether the company actually has the US dollars in reserve that it says backs its crypto.

A controversial cryptocurrency is becoming more and more popular among traders.

Trading between Tether’s USDT, a stable-coin that aims to trade at $1, is on the rise, according to new research by Morgan Stanley, the US investment bank.

Typically, bitcoin trades are paired against the most traded fiat currencies, such read more >>>

Source:: BusinessInsider.Com

Comments are closed.