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Bitcoin Daily Transaction Value Is Set to Fall Below Tether’s

From bnnbloomberg.ca

Bitcoin was supposed to be the cryptocurrency for the masses. Instead, a different type of digital token has emerged as the blockchain world’s dominant force. The aggregate daily dollar value of transactions made in stablecoins --essentially, digital assets such as Tether and USD coin that are pegged to world currencies like the greenback -- surpassed that of Bitcoin’s for the first time on June 29, according to researcher Coin Metrics. Tether is poised to surpass Bitcoin by itself, according to researcher Messari. “At this pace it looks like Tether alone will catch Bitcoin within a month or two,” said Nic Carter, ... (full story)

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  • Category: Fundamental Analysis