The safe haven of safe havens. Without a doubt the stablecoins have been the main winners of all this pandemónium. A sample of this, Tether is consolidated in the fourth place with over$6,000 million of market capitalization. At no point in humanity there was something similar to the stablecoins. If by itself, the cryptocurrencies, with the arrival of Bitcoin (BTC) revolutionized the world by being the new safe haven of humanity. With the arrival of the stablecoins, with Tether (USDT), these became the safe haven of the new safe haven. Tether, along with the other crypto stable are used by many within the crypto ecosystem to find refuge in the moments of high volatility, without necessarily renouncing his position in cryptocurrencies. It is for this reason that in the midst of the crisis that has generated the new pandemic of the Coronavirus, which ensures that the stablecoins have been the main winners. Tether is consolidated in fourth place by market capitalization. Source: CoinMarketCap Mainly Tether, which, like Bitcoin (BTC) with the cryptocurrencies, it has the first place among the stablecoins. Both have advantages in the market, not only for being the largest, but also for having arrived first. Today, USDT is consolidated in the fourth place with over$6,000 million of market capitalization.
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Tether is consolidated
Although no one seemed to notice, USDT has officially broken the mark of $6,000 million. According to the latest metrics published on the official site of team Tether, the amount is tokens USDT is $6.300 billion. This makes it firmly on the 4th place of all crypto by market cap. Only $2 billion of Ripple (XRP), that is located on the third place. It is worth noting that, the vast majority of the USDT in circulation is issued on the Blockchain of Ethereum (ETH). However, USDT is also in TRON (TRX), EOS and Liquid, the Blockchain Omni Tether. The breakdown can be found in the next published financial statement by USDT.
And what about the other stablecoins?
Tether is consolidated in the fourth place with over$ 6,000 million of capitalization. While the other stablecoins, grow, but not as much as USDT. The stablecoin that continues to Tether, but still quite far away, it is USDC, the token Circle and Coinbase. With a market cap 10 times smaller to USDT with $681.944.933. Then Paxos (PAX), with $244.460.277 and stablecoin of Binance (BUSD), with $190.143.162. As we see, there seems to be no disputing fenced to Tether in the fourth place with over$ 6,000 million of market capitalization. Although very controversial, the queen of the safe havens remains USDT.