Tether capitalization exceeds US $ 4 billion
It is the largest capitalization of cryptocurrencies since May, when 1 billion tokens were put into circulation
The dollar-linked cryptocurrency recently surpassed the USD 4 billion mark, the highest ever since last May when it reached USD 3 billion.
The data collected shows that by the beginning of last June, more than 500 million USDT tokens were in the ETH blockchain. The encryption contract, however, shows a current of 1.45 billion.
The increase in the supply of tether has been accompanied by an increase in the price of the cryptocurrency, given that the value of bitcoin rose to $ 14,000 in this year before the correction. The price continues to fluctuate in the market.
Faced with the rise in the capitalization of tether, negative criticisms have emerged, through which it is intended to imply that the token is used to “help pump btc in times of need.”
At this point it is inevitable to recall the case earlier this year, according to which Bitfinex and Tether were accused of fraud by the New York Attorney General.
M.Pino
Source: Criptomonedaseico
