For @Crypto_Potato writes @Mandy5Williams: According to #Tether’s official transparency page, total assets worth of #USDT currently stands at a little more than $7.9 billion, while its market cap according to @coingecko is at 7.8 billion. Thus, Expect more #Brrrrrrr
@KPTX_BTC of @CryptoCompare writes on @Cointelegraph: USDT saw over 21 million #BTC in volume during March and represents 73% of total #BTC traded. A 2018 report found that large purchases with @Tether_to were "timed following #Markets downturns" to increase #BTC price.
@paoloardoino CTO @bitfinex + CTO @tether_to said: #Bitcoin, you can settle it every 10 minutes. You can deposit/withdraw it in 10 minutes from an #exchange, but what happens, if the other part of the settlement takes 1-5 days?
@0x_Lucas (Contributor @BanklessHQ + @DefiantNews) on @DefiRate wrote: Adding #USDT would drastically increase the economic bandwidth available to #Compound’s lending and borrowing capabilities. Users would be able to access the billions in capital and deposit into Compound
@neonflag on @CoinDesk writes: The @bitfinex crypto exchange is making a new push to find and potentially recover more than $800 million in user #funds seized by #legal_authorities in four different countries after its #payment processor’s bank accounts were frozen.
@stankovic_stef & @ashwath_22 on @Crypto_Briefing write: if @Tether_to wants to continue issuing #USDT to citizens of #G20 member states (@FinStbBoard), they would need to obtain #licenses and register with the relevant authorities in each and every G20 country.
@GrahamS53447559 on @BTCTN writes: Since @Tether_to’s (USDT) migration to others beside #BTC-based #OmniProtocol, significant shifts have taken place seeing the heavily printed#stablecoin rise to prominence also via @ethereum’s #ERC20 standard and @Tronfoundation’s #TRC20
CHRISTINE VASILEVA on @bitcoinist writes: Each #USDT coin trades between 4 and 5 times per day, which is relatively low compared to peak days. USDT still outpaces #BTC in terms of daily volumes, accounting for 33.48% of all trades, while #BTC accounts for just 28%.
@mattbeedham on @thenextweb writes:@coinmetrics figures show that 318 addresses hold $1 million or more in @Tether_to. Compared to #Bitcoin, where over 20,000 addresses hold at least $1 million, #Tether appears much more #centralized.
That's a wrap on @Tether_to by @d_xone. Did we miss any major stories?
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