Business Maverick: Tether, Not Bitcoin, Likely the World’s Most Used Cryptocurrency

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 84%

ประเทศไทย ข่าว ข่าว

ประเทศไทย ข่าวล่าสุด,ประเทศไทย หัวข้อข่าว

Business Maverick: Tether, Not Bitcoin, Likely the World’s Most Used Cryptocurrency By Bloomberg

While concrete figures on trading volumes are hard to come by in this often murky corner of finance, data from CoinMarketCap.com show that the token with the highest daily and monthly trading volume is Tether, whose market capitalization is more than 30 times smaller. Tether’s volume surpassed that of Bitcoin’s for the first time in April and has consistently exceeded it since early August at about $21 billion per day, the data provider says.

“For many people in Asia, they like the idea that it’s this offshore, opaque thing out of reach of the U.S. government,” said Jeremy Allaire, chief executive officer of Circle, which supports a rival stablecoin called USD Coin. “It’s a feature, not a problem.”using a know-your-customer form and approval process is required to issue and redeem the coin.

“I don’t think people actually trust Tether — I think people use Tether without realizing that they are using it, and instead think they have actual dollars in a bank account somewhere,” Dryja said. Some exchanges mislabel their pages, to convey the impression that customers are holding dollars instead of Tethers, he said.

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 3. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Business Maverick: Silicon Valley Investors Call Summit to Disrupt IPO BusinessPowerful figures are gathering 2,500 miles from Wall Street to redesign one of its oldest and most lucrative businesses -- but few from the industry will have a seat at the table.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »

Business Maverick: AB InBev’s Asia Unit Opens Higher Despite Gloomy IPO MarketThe Asia-Pacific beer unit of Anheuser-Busch InBev NV gained as much as 2.2% in its Hong Kong trading debut, in a rare bright spot for the dim global market in initial public offerings.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »

Business Maverick: Unemployment down, but wage growth stagnatesThe rapid growth of technology and automation, the rise of outsourcing, globalisation and uncompetitive labour markets are forcing governments and individuals to reassess the skills they have and the skills they need.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »

Business Maverick Op-ed: WeWTF, Part DeuxSo, the mother of all party crashers took a dump in the We IPO punch bowl. The crasher? Math. The autopsy will show the shelving of this IPO was death by S-1.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »

Business Maverick: Monday, September 30: Five Things You Need to Know to Start Your DayHong Kong suffers one of the most violent days since protests started, China vows to continue opening its financial markets, and traders expect another Australian interest rate cut. Here are some of the things people in markets are talking about today.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »