Traders have now invested over $4 billion into stablecoins that are backed by the US Dollar, according to data from research journal Diar. This is a new all-time high for the dollar-pegged crypto market. The data shows that $3.3 billion worth of Tether (USDT) is currently being held by crypto traders. A long way behind this total, $359 million is currently invested in USD Coin (USDC), and TrueUSD (TUSD) has around $243 million. A slew of new stablecoins were launched in 2018 and early 2019, in the wake of increasing concerns about Bitfinex's management of Tether. Many have claimed that Tether may be insolvent, and ... (full story)