A controversial cryptocurrency is exploding as traders look for safety away from bitcoin’s wild swings
|03/20/2018||Posted by BusinessMediaguide.Com under General World News||
- 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 >>>