RATE Group | Dollar-pegged stablecoin Tether is now the world’s 4th biggest cryptocurrency
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Dollar-pegged stablecoin Tether is now the world’s 4th biggest cryptocurrency

26 Sep Dollar-pegged stablecoin Tether is now the world’s 4th biggest cryptocurrency

Posted at 08:22h in Cryptocurrency News by

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Controversial USD-backed stablecoin Tether is now the world’s fourth biggest cryptocurrency, only surpassed by Bitcoin, Ethereum, and Ripple.

Tether, which is actually only 74-percent backed by cash and other assets, garnered a higher share of the market after a major sell-off.

According to CoinMarketCap, Tether currently has a market capitalization of $4.13 billion.

Its trading volume stands at $36 billion over the past 24 hours.