Billions of Dollars May Be Waiting to Enter Bitcoin, Stunning USDT Data Shows
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Tether’s Unstoppable, Growing Market Supply Dominance Over Crypto Cryptocurrency stablecoins like Tether, USD Coin, and Paxos Standard all are tied 1-to-1 to the dollar. Bitcoin BTCUSDT Tether Market Cap Comparison | Source: TradingViewIs This Money Sidelined Waiting For Bitcoin, Or Has USDT Found A New Use Case?.
Related Reading | The Crypto Market’s Most Accurate Tool Says New BTC Uptrend Is Here This gives them a flexibility that the dollar cannot yet match, and is perhaps becoming a strong use case outside of a safe haven during downtrends. Along with new fiat coming in, institutional money finally entering the market, any inflow of stablecoins could be the final ingredient missing for Bitcoin’s next bull market.
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