Stablecoin Supply Breaks $10B as Traders Demand Dollars Over Bitcoin | Crypto Craft

  • Stablecoin Supply Breaks $10B as Traders Demand Dollars Over Bitcoin

    From coindesk.com

    The value of assets for all stablecoins surpassed $10 billion Tuesday, having surged by over 70% in just two months, according to Coin Metrics. Stablecoin supply growth comes as more cryptocurrency traders choose to trade alternative cryptocurrencies (or altcoins) using dollar-backed digital tokens instead of bitcoin. Most of the stablecoin growth comes from tether, which represents almost 90% of the total stablecoin supply. The largest tether markets measured by traded volume are supported by two Asia-based exchanges, Binance and Huobi, according to CoinGecko. Both exchanges support nearly 200 different ... (full story)

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trumps
May 13, 2020 6:44am
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Stablecoins have always had an edge over bitcoin ..., because of it's inherent price stability".

That sums up why bitcoin use as a form of payment will not go mainstream.

People will make money trading it, but it won't be adopted as a trusted form of payment like $ backed "assets".
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Not-KPMG
May 12, 2020 5:29pm
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Stable trash is trash without bad government backing it with lies 😱 😱
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smikester
May 13, 2020 7:41am
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Quoting Not-KPMG
Stable trash is trash without bad government backing it with lies
Put them on your infinitely large ignore list, saddo.
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trumps
May 13, 2020 6:38am
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$ over bitcoin.
At last, common sense in crypto-crime land.
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