Bakkt’s Parent Intercontinental Exchange Lists 58 New Crypto Tokens to Its Data Feed

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Bakkt’s Parent Intercontinental Exchange Lists 58 New Crypto Tokens to Its Data Feed
The ICE’s Data Services will provide real-time and historical data for all the newly added crypto tokens.
Bakkt’s Parent Intercontinental Exchange Lists 58 New Crypto Tokens to Its Data Feed

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Source: CoinSpeaker

Stablecoins are not exclusively backed by USD, states Tether’s new terms of service

The long-standing debate about the backing of Tether’s USDT tokens has emerged again, after the company made alterations to its terms of service. It now states that the reserves backing USDT comprise of “traditional currency and cash equivalents and … other assets and receivables from loans made by Tether to third parties,” reported Bitcoin news.
Even though Tether dominates the stablecoin market in terms of market share and market capitalization, it is facing increasing competition from newer stablecoin projects. These newer coins have been able to provide evidence of U.S. dollar backing since their launch, reported the publication.
Tether reversed the previous assertion that all the USDT tokens were backed one-to-one with USD reserves, as a part of its terms of service update. The home of the dominating stablecoin now reads,
“Every tether is always 100% backed by our reserves, which include traditional currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by Tether to third parties, which may include affiliated entities.”
The legal page of the company also noted that the composition of the reserves to back the Tether Tokens was within the sole control and discretion of Tether. It further added,
“Tether reserves the right to delay the redemption or withdrawal of Tether Tokens if such delay is necessitated by the illiquidity or unavailability or loss of any Reserves held by Tether to back the Tether Tokens, and Tether reserves the right to redeem Tether Tokens by in-kind redemptions of securities and other assets held in the Reserves.”
On one hand, Tether reversed its claim of backing all outstanding USDT by USD. On the other hand, competing stablecoins have provided regular attestation reports, confirming fiat backing.
Trueusd [TUSD] provided between one and three attestation reports each month, since its launch in March 2018. According to its recent report, the company’s 201,727,658 outstanding TUSD tokens were then backed by $202,621,765 dollars, held in Trueusd’s bank accounts.
According to data provided by Bitcoin news, Circle published its fourth monthly attestation report concerning USD reserve for its USDC token. The report stated that as of January 31, 2019, the outstanding  307,7903,924 USDC tokens were backed by $307,848,312 held in custody accounts.
Paxos, after launching in September 2018, also provided monthly attestation reports. Its recent report, dated 29 February 2019, asserted that 109,543,189.7 PAX tokens were backed by a USD reserve “at least equal to or greater than “$109,543,189.70.”
The post Stablecoins are not exclusively backed by USD, states Tether’s new terms of service appeared first on AMBCrypto.
Source: AMB Crypto

New ERC-20 Stablecoin Generates up to 45% Profit to Crypto Investors

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New ERC-20 Stablecoin Generates up to 45% Profit to Crypto Investors
Allowing investors to get a 45% bonus during the additional sales stage, USDDex aims to attract the crypto community to active participation in the project. 
New ERC-20 Stablecoin Generates up to 45% Profit to Crypto Investors

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Source: CoinSpeaker

Dollar-Pegged USDT is Not Really Pegged by Dollar? Here’s How Tether Explains This

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Dollar-Pegged USDT is Not Really Pegged by Dollar? Here’s How Tether Explains This
The crypt-community awakened with the revelation that the USDT is not really backed by the dollar and commentators allege that it could in future pull an exit scam stunt.
Dollar-Pegged USDT is Not Really Pegged by Dollar? Here’s How Tether Explains This

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Source: CoinSpeaker

Bitcoin (BTC) Set For $4,500 With Tether (USDT) Reserve Doubts

Bitcoin prices stable and bullish
Suspicion around Tether reserves will likely benefit Bitcoin
Participation levels low but could increase as demand picks up

Tether is making headlines thanks to their latest update touching on their reserves. While Bitcoin prices are unresponsive, it is likely that BTC will react as investors get edgy liquidating their USDT.

Bitcoin Price Analysis
Fundamentals
By rolling a service with the express purpose of sheltering crypto traders during times of uncertainty, investors as well as traders expect better from Tether. On many occasions, the state of its liquidity has been questioned because it states that it is a stable coin pegged to fiat. However, what is worrisome is the latest beguiling update where the firm, while acting as a crypto haven, appears to be diversifying its reserves and acting like a trusted third party or a bank.
In reality, the stable coin operates in a fragile ecosystem and drawing its value as an IOU or a debt. The assurance is just because every USDT holder can redeem each currency for a dollar or Euro.  Questions are now directed at Tether’s ability as an issuing firm to redeem every coin in circulation for fiat. The situation has been made worse given the firm’s association with banks with dubious and patch track records, the lack of bank audit and their association with BitFinex subpoenaed by the DoJ that they USDT to fraudulently drive crypto asset up during the last bull leg of late 2017.
Candlestick Arrangements

Whenever there are concerns about Tether’s operation and hard questions asked about USDT pegging, Bitcoin tends to benefit. Back in Oct 15 2018, prices spiked when it emerged that Tether had bank related troubles.
At the time of press, Bitcoin (BTC) is dangling and ready to slide. It is immune to buyer’s stimulation, and even with optimism around the future, liquidation is on. We are yet to record sharp drops that reflect losses of Feb 24 neither have seen spikes confirming bulls of Feb 18 and Mar 5.
However, what is visible is a consolidation inside Mar 5 high low as prices trend above $3,500. From an effort versus results point of view, buyers have the upper hand.
Even with this calmness, every dip is a buying opportunity for risk-off traders aiming at $4,500. On the other hand, liquidation below $3,500 cancels this projection as bears aim at $3,000 and $1,800.
Technical Indicators
Our analysis anchors on Mar 5 double bar bull reversal pattern. Complete with average volumes—7.6k– but holding recent high lows, any sharp gain or loss driving prices above $4,000 or $3,700 with high trade volumes above 10k of Mar 5 or 36k of Feb 24 confirms gains of Feb 18 or sell off of mid-Nov 2018.
The post Bitcoin (BTC) Set For $4,500 With Tether (USDT) Reserve Doubts appeared first on NewsBTC.
Source: New feedNewsBTC.com

Binance Now Supports Two New Monero [XMR] Trading Pairs

Binance Exchange announced the addition of two new trading pairs to its exchange: XMR/BNB and XMR/USDT today. The trading of the pairs will begin on 2019/03/15 4:00 AM (UTC).
Binance has already listed a multitude of cryptocurrencies on its exchange platform. The two new trading pairs will be listed in addition to XMR/BTC and XMR/ETH pairs that are already available on the exchange. Monero’s USP is privacy induced via fungibility and anonymity; it is the most popular privacy-focused cryptocurrency.
Increased Interoperability and Decentralization
The total market capitalization of XMR on 14th March 2019 is around $880 million. While the 8th and 9th ranked by total market capitalization, Binance (BNB) and USDT Tether respectively have a cap of more than 2 billion dollars each.
Hence, trading pair inclusion is likely to be beneficial for all the three cryptocurrencies. The ‘tokenization’ of Exchanges through IEO (Initial Exchange Offerings) and the interoperability of cryptocurrencies will create a more favorable niche for cryptocurrency adoption.
The world’s largest exchange, Binance has lately released a plethora of products to facilitate the growth of cryptocurrencies. Binance was the first exchange platforms to open the floodgates of limitations on cryptocurrency listing and restriction of a new customer base.
Binance (BNB) cryptocurrency, Binance Decentralized Exchange and Trust Wallet together constitute the recipe of an entirely secure DEX. Morero aligns perfectly with their vision as it is one of the most decentralized cryptocurrency.
The post Binance Now Supports Two New Monero [XMR] Trading Pairs appeared first on Coingape.
Source: CoinGape

Max’s Corner 6: Breakthroughs in Cryptography

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Max’s Corner 6: Breakthroughs in Cryptography
Welcome back to Max’s Corner, brought to you by Max Hasselhoff from Bytecoin. With the RSAC taking place in San Francisco this week, we decided it would be fitting to dedicate this version of Max’s Corner to developments in cryptography.
Max’s Corner 6: Breakthroughs in Cryptography

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Source: CoinSpeaker

Tron’s Justin Sun: Tron-Tether partnership is going to leave Omni in the dust

Tron Foundation has always played a crucial role in maintaining the market sentiment in favor of their TRX token. Recently, Tron announced a partnership with Tether, the stable coin, that will launch USDT as a native token on the Tron blockchain in Q2 2019.
Justin Sun, the Chief Executive Officer [CEO] and founder of Tron foundation, shared the news and said that having Tron’s own stablecoin will benefit their ecosystem and make it easier for institutions to access the Tron blockchain. In a recent interview released by the foundation, the CEO highlighted the reasons as to why the “Tron and Tether partnership is going to leave Omni in the dust”. Omni, a platform for creating and trading custom digital assets and cryptocurrencies, has been held as a standard by Justin Sun to influence the community.
Sun explained that the pairing of Tron token with USDT [TRX/USDT] will minimize risk and volatility of the cryptocurrency market. Sun spoke about the value of USDT and added that the largest stablecoin in the industry has almost 2 billion assets on the USDT tether blockchain.
The CEO also addressed the swift and instant transactions carried out on Tron blockchain, which was also free for users. However Omni, in comparison to Tron, takes hours to complete a transaction and charges about $1 to $10 as fees. The CEO also claimed that Tron’s blockchain was smarter than Omni. Tron stated:
“TRC20 token is based on the smart contracts, so you can do lots of the deployment work on top of the USDT, which Omni blockchain cannot offer.”
The founder of the Tron foundation then moved on to talk about the benefits of TRX/USDT pair and listed four advantages:
“First of all, USDT Tron will offer the liquidity in Tron decentralized exchange. Second, USDT Tron will offer TRX holder, a new way of value storage. Third, USDT Tron will provide the DApp users, a new way to play DApps, which also minimize the risk of the cryptocurrency. Fourth, USDT Tron will give Tron blockchain new legitimacy and the increase the confidence of the institutional investor in that show.”
The CEO concluded that these benefits would be helpful for both Tether and Tron communities, giving them more opportunity in the decentralized world of finance. Along with Sun, Jean-Louis der Velde, the CEO of Tether, also aimed to further innovation within the cryptocurrency space. The CEO was quoted saying:
“We are pleased to announce this collaboration with the Tron Foundation. This integration underlines our commitment to furthering innovation within the cryptocurrency space as we continue to anticipate the needs and demands of the digital asset community.”
The post Tron’s Justin Sun: Tron-Tether partnership is going to leave Omni in the dust appeared first on AMBCrypto.
Source: AMB Crypto

Why Has Binance Coin (BNB) Surged 150% to a Ten Month High?

The last couple of days have been quite fruitful for crypto markets. With a dump last week and a whole seven days of consolidation many expected further losses. This didn’t happen and markets rallied again, led by one or two solid performing altcoins. Binance Coin has been among them as it breaks $2 billion market cap and flips Tether to take seventh spot.
Binance Coin Boosted to Ten Month High
The last time BNB was over $15 was in early June 2018. Since then it has dumped to a low of $4.50 in mid-December before surging back to currently levels. It has been one of the top performing altcoins of 2019 and has made a staggering 150% this year alone.
BNB prices YTD. Coinmarketcap.com
This week Binance Coin has pumped 50% from under $10 to over $15 which has pushed its market cap over $2 billion for the first time since the big crypto peak in January 2018. This epic performance has enabled BNB to flip both Tron and Stellar in the market cap charts. Yesterday it also conquered Tether and has taken seventh spot.
With a further 16% gained over the past 24 hours BNB is now less than $200 million in market cap away from Bitcoin Cash. It truly is a train of the crypto world at the moment, no such bear market going on with this one. Traders on twitter are now calling a top and are looking for the pullback to take profits.

#BNB $BNB Congrats to all that took this call. Approaching first target of consolidation break. Watching Market structure, I see a potential retracement to previous local highs after target is reached for further confirmation of the big break we are all looking for.-Patience- pic.twitter.com/540lVvMPND
— Crypt J (@atradesdaily) March 6, 2019

Solid Fundamentals
Binance appears to be one of the few companies bucking the trend and feeling no ill effects from the crypto winter. Maverick boss Changpeng Zhao seems to have taken the lead over Justin Sun for twitter use as it is a constant stream of updates on his channel. He is a huge advocate for crypto adoption and there is always the fact that more Binance users equals greater profits.
The world’s largest crypto exchange by volume has recently received a boost from the government of Argentina which has agreed to invest in early stage blockchain startups backed by the venture arm of the exchange. In an announcement this week, the country’s Ministry of Production and Labor said that it will match investments of up to $50,000 into every Argentinian blockchain project that receives funding from Binance Labs. Head of Binance Labs Ella Zhang clarified;
“One clarification to the terminology ‘match investments’ means grant. It’s a pure grant initiative to support local founders. Government WON’T take any ownership or equity. We really appreciate the strong support from Argentina government to @binance & @BinanceLabs !”
There has also been progress with the Binance decentralized exchange (DEX) which launched on test net two weeks ago. Binance Coin is effectively the fuel for the exchange which allows users to have full control of their wallets and private keys.
Binance Coin seems unstoppable at the moment which is a testament to the resilience of the industry and proof that a solid project and foundation for a token will send it to the moon.
Image from Shutterstock
The post Why Has Binance Coin (BNB) Surged 150% to a Ten Month High? appeared first on NewsBTC.
Source: New feedNewsBTC.com

Binance Coin [BNB] extends massive bull run; overtakes Tether [USDT] to take 7th spot

Binance Coin once again saw a massive green wave, pushing the coin’s price to highs not seen since the beginning of July 2018. Binance Coin [BNB] overtook the top stablecoin, Tether [USDT] after its most recent rise and was looking to take on Bitcoin Cash [BCH], which it trailed by less than $200 million in market cap, at press time.
Binance Coin was in the 12th spot, trading at $8.15 just a month ago. Since then, the coin has skyrocketed past Cardano [ADA], Bitcoin SV [BSV], TRON [TRX], Stellar Lumens [XLM] and now USDT, in an incredible rally which does not show any signs of weakening. At press time, the coin was spearheading the market rise by exhibiting a climb of 15.12 percent against the US dollar and a trading price of $15.47.
Earlier this week, the coin had risen by 24.08 percent to a whopping $13.82 within 24-hours, rising to the eighth spot on the coin ladder and is still looking bullish. With a brief drop to $13.45 prior to the recent bullish rise, BNB proponents were still buoyed by the Binance Decentralized Exchange [DEX] trading competition. Commencing at 1100 UTC, on March 6, the coin’s price surged by 18.74 percent to reach $15.65 within an 18-hour window.

Source: Trading View
In terms of market cap, the coin was valued at $2.18 billion, breaking the $2 billion barrier at 0830 UTC on March 6. Soon after, the coin pushed past USDT, which posed a market cap of $2.01 billion. Within a 7-day period, the coin’s market valuation increased by 57.61 percent, and within a 1-month period, it has shot up by a massive 102.38 percent.
Binance took the top two spots in terms of BNB trading volume via the trading pairs BNB/USDT and BNB/BTC, accounting for $102.78 million and $65.21 million.
Binance, the parent exchange previously announced a give away of $100,000 in tokens earlier this month to boost participation on their upcoming decentralized exchange [DEX]. Furthermore, only users that hold Binance Coin in their accounts will be able to participate in the competition. The exchange noted that the Binance Chain testnet will be reset on March 7, and the trading competition will soon commence, fueling the rise of the native cryptocurrency.
The post Binance Coin [BNB] extends massive bull run; overtakes Tether [USDT] to take 7th spot appeared first on AMBCrypto.
Source: AMB Crypto

Binance Coin [BNB] Jumps Ahead of Tether [USDT] as It Inches Toward $15 Mark

Well the fabulous move on Binance Coin continuous to move forward as the coin has taken over Tether now to grab the 7th place on the list of coins ranked by their market caps. In very early morning Asian trades, the coin inched towards the USD 15 mark with a gain of over 6%
Is Binance Coin the “New Bitcoin”? Well that’s what Justin Sun says
Binance coin has been the talk of the town for over a month now as the coin has been one of the top performers of 2019. Starting the year at a low of USD 5.90 in January the coin has been on a relentless rally. And now a couple of months later, the coin now sits at USD 14.55 with a surge of nearly 150 % which by far has out performed the market.
In terms of ranking the coin did not feature even in the top 30 being ranked at 31 of the list of coins arranged by largest market cap. But thanks to the rally, the coin has moved to a all time high position of 7th. This rally has been appreciated by many in the industry including Justin Sun of Tron calling BNB coin the new Bitcoin

Huge Congrats on $BNB, a new #Bitcoin❤
— Justin Sun (@justinsuntron) March 5, 2019

Mati Greenspan also tweeted about BNB’s rally and also mentioned that how its become a darling of traders over last two day with Mati himself holding positions on the coin.

Whooooooosh!!
Closed my 2nd trade on $BNB. Still holding a small position for long term, but need to take some profits after a rip like that.
#1 coin in my portfolio is now $LTC followed closely by $ETH.
This is not trading advice!! pic.twitter.com/LdnpNbmDHO
— Mati Greenspan (@MatiGreenspan) March 6, 2019

BNB doing things right fundamentally
Although the rising volumes across exchanges are the larger contributor to this rally, one thing that is proving to be a catalyst to this BNB’s rise is the coin is doing everything right fundamentally. The launch of Binance DEX the company’s new decentralized exchange that utilizes BNB as a base pair, has got everyone’s interest into the exchanges native coin.
According to CZ, more than the Binance DEX, it’s the coins increasing use cases, probably larger than any other coin, is actively pushing for the adoption of BNB in the real world, with an increasing number of platforms announcing support for the coin in recent months. A tweet in November had highlighted the coins rise amongst platforms when the exchange had launched a #USEBNB challenge

New use cases for $BNB are popping up every day! Show how you can #useBNB – and get creative!
20 BNB will go to each of the top 10 videos ranked on Twitter by number of retweets + comments + likes. Read more on the contest here:https://t.co/eXVBrjVEI5 pic.twitter.com/pXNMs0g4fu
— Binance (@binance) November 4, 2018

CZ recently conducted AMA session which also reassured that the coin was doing everything possible to reach the top and Binance was also providing every ingredient of its growth. The full video could be found here

https://t.co/3FlqIp585L
— Binance (@binance) March 5, 2019

Rally is Good But BNB, not a security token
While all looks great for the coin, a few analysts on the street caution the BNB is a utility token and not a security token and hence all the profits that Binance makes from BNB use case will stay with Binance and not distributed to its holders as dividends. CZ too had tweeted and clarified it

No, that would make #BNB a security, and you don't want that.
— CZ Binance (@cz_binance) March 4, 2019

Mati Greenspan, while making profits on trades with BNB, cautioned people about the same

Friendly reminder: Yes, it's fun to trade on $BNB momentum. Please remember that it is a utility token. It is not a security and does not give you shares in Binance profits. Nor is it a money coin with mass adoption.
That is all. Stay safe.
— Mati Greenspan (@MatiGreenspan) March 6, 2019

As the crypto traders are speculating that volumes in BNB will continue to grow and that Binance will maintain a significant share of those volumes, the coin is seeing this rally. But the caution of BNB being Utility token can halt the rally once the volume starts dropping.
How long do you think the BNB rally will continue? Do let us know your views in the comments.
The post Binance Coin [BNB] Jumps Ahead of Tether [USDT] as It Inches Toward $15 Mark appeared first on Coingape.
Source: CoinGape

TrustToken Customers Can Soon Check the Status of TrueUSD Market in Real Time

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TrustToken Customers Can Soon Check the Status of TrueUSD Market in Real Time

The new feature for TrueUSD users will be available through the real-time dashboard developed independently by Armanino. The launch is set to take place in April.

TrustToken Customers Can Soon Check the Status of TrueUSD Market in Real Time

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Source: CoinSpeaker

TRON Partners Tether with Big Deal of Launching New Stablecoin on Tron Blockchain

TRON once again appeared on limelight with the big announcement that it claims to benefit TRON’s entire ecosystem. The 10th largest cryptocurrency (as per market cap) has announced its partnership with Tether and officially introducing the new version of stablecoin on TRON blockchain.
It revealed with a tweet posted by TRON Foundation –According to the release, the 10th largest cryptocurrency, TRX, and the 7th largest cryptocurrency, Tether is tie up to launch a new version of USDT stablecoin on TRON blockchain. Per the announcement, the integration of new stablecoin on TRON blockchain would increase DEX liquidity. It goes as;

#TRON is partnering with @Tether_to, officially introducing USDT into the TRON #blockchain. This integration will elevate our dApp ecosystem, increase DEX liquidity, and enhance accessibility for Partners and institutional investors. $TRX $BTT https://t.co/OL6gFK1C0h
— TRON Foundation (@Tronfoundation) March 4, 2019

Soon after the TRONFoundation’s update, Justin Sun, the founder and CEO of TRON appreciates the move and assured that it would benefit TRON’s entire ecosystem. He says;
We are making big steps to achieve decentralized finance with @Tether_to . #TRON will soon have its own stablecoin! This will benefit our entire ecosystem and make it easier for institutions to access the TRON blockchain👏🏼 $TRX $BTT
Moreover, at press time, Tether has gained 0.44 percent over the past 24 hours, trading at the value $1.01 whereas TRX stands on 10th spot, declining with 2.47 percent during the last 24 hours and trading at the value $0.22251 respectively.

To further note, the new dollar pegged USDT stablecoin will be TRC-20 token as announced on March 04, 2019 (For those who don’t know, TRC-20 is a standard on TRON blockchain –much similar to rival ERC-20 token of Ethereum). It’s worth to note that the Tether is already built on bitcoin and ether blockchain as a stablecoin.
Similar to TRON’s Justin Sun, Jean Louis van der Velde, CEO of Tether encouraged the partnership and states;
“This integration underlines our commitment to furthering innovation within the cryptocurrency space as we continue to anticipate the needs and demands of the digital asset community.”
So readers, what’s in your mind, do you think that it brings a new move to the TRON and Tether or the world of stablecoin? Share your opinion.
The post TRON Partners Tether with Big Deal of Launching New Stablecoin on Tron Blockchain appeared first on Coingape.
Source: CoinGape

Bitcoin [BTC] dominated by stablecoins with regards to market opportunity: Satoshi Capital research

Stablecoins come into the picture at a time when the massive fluctuation of digital assets impedes their application. A recent report called ‘Stablecoins: The new bank account’ has revealed an optimistic time ahead for these stablecoins. The digital coins pegged with fiat or gold have contributed to the disruption of traditional payment space.
Satoshi Capital Research on its Twitter handle posted:
“[New Research] — Stablecoins: The New Bank Account
Stablecoins are digital tokens that represent national currencies and are issued using a variety of bitcoin-based technologies, representing an $18 trillion market opportunity.”
The research suggests that the total market opportunity for stablecoins exceeds $18 trillion while that of Bitcoin [BTC] stands at somewhere around 15 trillion. The colossal difference between stablecoin and conventional banking institutions is that it provides a payment processing channel that is time and cost efficient.
A significant edge that pegged currencies have over traditional banking accounts is that anyone can access and transfer funds in real time with no transactional fee involved.
The processing fee and time in terms of stablecoin is nil. On the other hand, the processing time for US domestic transfers takes around 24 hours at a fee of $20 per transaction and cross-border payment accounts for a processing time of 48 hours at a fee of $40 per transaction.
Tether [USDT] has been the stablecoin that has been around for the longest time, since its inception in 2014, and it continues to dwarf the newer stablecoins in the market. The research exhibited the numbers which backed Tether’s dominance over recent players [like TrueUSD, Paxos Standard Token, Gemini Token, among others] in the space.
The entire stablecoin space’s valuation despite the entry of new players in 2018 stood at more than $700 million while the traded volume totaled at more than $11.5 billion.
Tether [USDT] had an issued value of $2,036 million. The cumulative daily trading volume of the oldest stablecoin had been registered at $ 2,950 million and the trading volume for the year 2018 totaled at $1,080 billion.
The report also mentioned a whopping a $600 trillion transfer volume of stablecoins in 2018 via Domestic bank transfer, out of which Tether [USDT] scooped a significant $109 billion volume, a 624% increase in its share from its $15 billion volume the year before.
Stating that this breed of digital asset is efficient as a parallel currency mainly due to its digital nature, the report asserted:
“To people operating within parallel currency economies today, such as Venezuela, stablecoins offer meaningful competition to traditional bank accounts as there are no limitations on currency denominations or transfer amounts and frequency.”
Despite being a critical contender, stablecoins have a long way to go with respect to its offerings to compete with traditional banking establishments in a mainstream scenario.
The post Bitcoin [BTC] dominated by stablecoins with regards to market opportunity: Satoshi Capital research appeared first on AMBCrypto.
Source: AMB Crypto

Stablecoins Have a Bigger Market Opportunity Then Bitcoin: Report

According to Satoshi Capital Research data, stablecoins have a market opportunity of about $18.8 trillion and in the entire last year, Tether (USDT) registered the trading volume of $1.1 trillion in last year.
 
Market Opportunity
A few days ago, Satoshi Capital Research shared the market opportunity of Bitcoin and Stablecoins as well. Where Bitcoin market opportunity is over $14 trillion, Stablecoin has an even bigger field of more than $18 trillion.
“The market opportunity of bitcoin technology is over $65 trillion. We calculate BTC itself has a potential market of $14.7 trillion, stablecoins have a potential market of $18.8 trillion, and smart banking solutions have a potential market of $32.3 trillion.”

When it comes to top stablecoin market opportunities, EUR (Euro) is at the top followed by CNY (Chinese Yuan), JPY (Japanese yen), GBP (British pound sterling), and then CAD (Canadian Dollar).

Tether [USDT]: A Clear Winner among the Stablecoins
According to the data provided by Coinmarketcap, Tether (USDT) is the fifth largest cryptocurrency with a market cap of more than $2 billion. At the time of writing, dollar pegged stablecoin Tether has been trading at $1.01 with 24-hours loss of 0.22 percent. In the BTC market, USDT is in the green by 0.20 percent and in the OMNI market, is up by 1.81 percent. Meanwhile, it is managing the daily trading volume of over $2 billion.

Tether(USDT) price chart, Source: Coinmarketcap
According to the data provided by Satoshi Capital Research, USDT registered more than a trillion dollar in trading volume.
“Over $1 trillion worth of bitcoin-based USD stablecoin Tether was traded in 2018, making up 98% of the total $1.1 trillion in fiat currency stablecoin trading volume for the year.”

Among the stablecoins Tether, TrueUSD, Paxos Standard Token, Dai, Gemini Dollar, USDCoin, and bitUSD, Tether is the clear winner in terms of issued value, daily trading volume, and the trading volume during the entire 2018.
The post Stablecoins Have a Bigger Market Opportunity Then Bitcoin: Report appeared first on Coingape.
Source: CoinGape