$101,440.00
-1.00%$2,247.90
-0.44%$2.00
-2.07%$619.37
-1.56%$133.82
0.41%$0.999808
0.00%$0.266541
-1.95%$0.152045
-2.00%$2,245.78
-0.47%$0.543323
-0.15%$101,459.00
-0.83%$35.18
4.80%$2,711.18
-0.30%$453.16
-2.38%$2.50
-2.39%$9.06
0.94%$11.81
-0.49%$0.230607
-1.39%$16.95
1.64%$0.999589
-0.01%$47.86
-1.39%$2.76
-1.96%$0.0000108
0.22%$0.999526
-0.06%$80.90
-0.02%$2,248.51
-0.39%$2,407.06
-0.33%$0.136184
2.04%$304.44
-2.18%$1.00
-0.01%$3.19
-2.72%$4.05
-2.63%$101,404.00
-1.04%$0.504443
0.38%$6.25
-2.57%$0.00000882
-2.50%$229.86
0.20%$1.18
-0.02%$50.36
0.07%$1.00
0.00%$308.84
0.58%$4.01
0.09%$1.056
0.02%$0.080016
-2.30%$4.56
-1.56%$162.01
0.32%$15.37
0.27%$1.91
-0.79%$0.999803
-0.00%$27.34
-2.15%$0.673141
-0.14%$16.39
1.58%$0.583878
-4.49%$4.45
0.19%$0.06594
0.45%$8.65
-0.51%$3.76
0.24%$101,386.00
-0.79%$0.01963116
0.06%$0.074251
3.06%$0.173093
-0.34%$0.594158
0.15%$0.242407
-0.60%$2.85
-0.16%$1.00
0.04%$0.998226
0.11%$4.19
0.13%$2.09
-3.46%$0.999738
-0.07%$0.160636
1.70%$2,247.38
-0.48%$0.824631
-2.17%$10.78
-0.66%$0.26987
0.42%$90.75
-1.06%$141.52
0.38%$1.14
-0.48%$0.189655
6.96%$0.198959
-0.37%$0.01618355
-2.46%$2,560.94
-0.32%$2,354.22
-0.45%$0.347894
-1.12%$1.00
0.00%$0.999677
-0.01%$1.066
6.84%$1.41
-0.52%$0.0000124
-0.53%$9.81
0.35%$0.999461
-0.01%$0.056402
-0.58%$0.910261
6.16%$1.39
2.54%$0.280469
8.37%$3.01
7.31%$0.567891
0.27%$3,386.57
-1.05%$101,486.00
-0.88%$0.492317
-0.90%$619.48
-1.58%$3,372.13
-0.86%$2,389.59
-1.15%$2,358.97
-0.46%$101,301.00
-0.89%$102,794.00
-0.08%$1.11
0.03%$2,361.59
-0.56%$0.479645
1.49%$0.074241
-0.51%$0.528396
-0.70%$111.51
0.00%$0.374939
1.19%$0.69492
-0.26%$2.04
-0.52%$149.41
0.36%$1.98
-3.32%$0.998417
0.04%$174.27
0.46%$0.01007462
-0.87%$1.094
0.12%$0.755829
-3.50%$2,429.10
-0.53%$0.00006428
-0.53%$37.91
-1.66%$0.997494
-0.02%$0.604623
-0.26%$0.656924
-2.05%$29.20
-1.48%$101,737.00
-0.37%$0.235543
0.94%$1.92
2.16%$0.149457
0.19%$17.27
-0.85%$0.01267541
0.50%$0.216489
2.91%$0.00000056
-1.92%$0.01120401
-0.63%$3.31
-3.62%$0.00855005
2.33%$101,291.00
-0.88%$0.999645
-0.04%$0.388061
-0.80%$0.495791
0.02%$35.25
5.00%$0.087603
0.14%$1.86
-0.82%$2,246.98
-0.47%$0.491872
-0.44%$0.997121
-0.13%$101,446.00
-0.88%$2,247.44
-0.40%$0.307417
-0.42%$0.450589
3.86%$2,402.26
-0.62%$2,365.19
0.34%$0.241601
3.27%$2,248.33
-0.36%$0.568341
1.48%$0.01314293
-3.17%$0.411682
1.53%$7.75
-0.86%$1.26
-1.13%$0.06086
-0.05%$0.999808
0.00%$0.99973
-0.00%$1.00
0.00%$44.43
-2.31%$2.23
0.22%$1.09
-0.01%$35.22
5.24%$0.995558
0.10%$0.0000004
-3.45%$0.15217
-1.78%$1.001
-0.14%$0.377426
-1.46%$0.143338
19.58%$0.0365336
0.69%$1.17
3.00%$5.12
0.63%$2,247.31
-0.28%$12.41
0.05%$0.44513
0.05%$0.104509
2.24%$0.00001761
-1.48%$0.167121
-0.86%$0.480434
1.98%$2,380.61
-0.78%$2.08
0.93%$1.17
2.59%$0.28253
0.29%$0.03377908
1.59%$0.337624
-1.67%$0.00573919
1.24%$0.064318
-3.59%$0.32443
2.33%$4.91
3.56%$0.857905
-0.13%$19.42
0.78%$1.31
3.41%$0.03269846
0.93%$1.022
-1.16%$0.01638325
-3.56%$101,328.00
-0.87%$0.999713
-0.00%$0.998798
-0.03%$2,476.33
-0.49%$101,304.00
-0.86%$0.999362
-0.09%$0.00339518
-7.58%$0.999901
-0.06%$0.00349257
3.66%$0.00000077
3.49%$2,459.77
-0.43%$0.119183
-0.20%$0.02984905
-5.89%$2,247.85
-0.41%$145.84
0.45%$0.00005243
-2.83%$9.69
4.10%$0.675512
-0.08%$1.011
1.00%$1.69
-0.99%$0.00272909
-3.51%$0.999009
-0.00%$0.415589
-1.48%$101,428.00
-1.03%$102.50
0.88%$2,246.79
-0.33%$0.00319817
-2.15%$0.00000132
-5.69%$1.016
0.00%$16.95
1.72%$99,493.00
-0.90%$0.05553
-0.85%$0.262139
2.23%$2,036.87
-1.03%$0.173291
-0.21%$0.551027
-3.37%$98,754.00
-1.21%$0.597547
21.81%$0.999546
-0.00%$0.00455465
-1.21%$0.999109
-0.03%$13.95
1.08%$1.19
-0.49%$0.168515
0.83%$0.519674
0.98%$5.52
0.21%Reading
Tether (USDT) has become the third-largest cryptoсcurrency by market capitalization today, pushing Ripple’s XRP down to the fourth place, according to crypto analytics platforms Messari and Coin Metrics.
If you multiple the number of coins in a cryptocurrency by its current price, you get its market capitalization. It’s a way of comparing assets that have wildly different supplies. Since Tether is a stablecoin and its price doesn’t really move—the price of a single USDT is designed to be mostly equal to $1—the only way to increase its market cap is to mint new coins.
As Decrypt reported, Tether’s market capitalization exceeded $12 billion just recently after increasing by $1 billion in one week. Today, it has already reached $13.14 billion, noted Coin Metric analyst Lucas Nuzzi in a tweet.
Nuzzi also listed the top five stablecoins by their year-to-date growth.
The Top 5 Highest Growing Stablecoins YTD?
1 @binance BUSD (+578%)
2 @MakerDAO DAI (+431%)
3 $USDT on Tron "no one talks about it" (+370%)
4 $USDT on Ethereum (+226%)
5 @Gemini GUSD (+165%)
data from @coinmetrics
— Lucas Nuzzi (@LucasNuzzi) August 19, 2020
This is not the first time Tether has replaced XRP as the third-largest crypto. Amid the market meltdown back in March, USDT briefly overtook XRP after surpassing $5 billion in market cap.
Tether’s growth comes despite its parent company dealing with several court cases. Currently, Tether and its sister company, crypto exchange Bitfinex, are in the middle of a fraud investigation led by the New York Attorney General’s office over allegations that they conspired to mask an $850 million dollar void in Bitfinex’s finances.
The New York Attorney General's office offered further details on its decision to investigate Bitfinex and Tether in a court filing published yesterday by the state’s Supreme Court, in a bid to obtain jurisdiction and press on. The new brief expands on allegations that the exchange masked an $850 million dollar hole in its finances by loaning itself funds backing Tether, the issuer of the eponymous stablecoin, without informing investors. “Step by step,” the attorney general wrote, the companie...
A class-action lawsuit also accused Tether of damages of $1.4 million for printing billions of dollars worth of the cryptocurrency and for manipulating the price of Bitcoin in 2017.
But in the meantime, Tether keeps growing.
Crypto news outlet Cointelegraph has confirmed that its website was compromised in a front-end exploit used to promote a fraudulent token airdrop and steal from users. It said in a statement on X on Sunday night that it was aware of the “fraudulent pop-up” and was “actively working on a fix”. “Do not click on these pop-ups, connect your wallets [or] enter any personal information,” it warned. Decrypt has approached Cointelegraph for comment. North Korea Targets Crypto Professionals With New Ma...
Texas sheriffs used power tools this week in retrieving $32,000 from a Bitcoin ATM after a Jasper County family said they were scammed out of funds, according to local law enforcement. The family said it had lost $25,000 to the fraudsters. An image shared by the Jasper County Sheriff’s Office on Facebook shows sparks flying as an official uses what appears to be a circular saw to crack into a Bitcoin Depot kiosk. Other images show stacks of hundred dollar bills, evidence bags, and a gas station...
The price of Bitcoin was little changed on Friday as U.S. Federal Reserve Governor Christopher Waller argued that the U.S. central bank could start lowering interest rates as early as July. Bitcoin was recently changing hands at $104,300, flat over the past day and down 0.6% since Israel and Iran began exchanging missile attacks a week ago, according to crypto data provider CoinGecko. Ethereum was flat over the past 24 hours to trade just around $2,500, while Solana ticked up slightly. With infl...
