the Tether was in the past again and again in the criticism. It should offer stability in the Bitcoin Ecosystem, just came to it again and again in significant doubt. A new Report aims to dispel these doubts now.
By Phillip Horch
3. April 2019 BTC$4.995,86 5.54% part Facebook Twitter LinkedIn xing mail
If the Bitcoin exchange rate of the Dollar rising again within a very short time several hundred of US, or falls, are looking for crypto Trader is often a safe port. Where can I Park my gains? The answer is – at least theoretically – in Stable Coins. Because these are so designed that they are tied 1 to 1 to a “real” Asset such as U.S. dollars or Yen, but also of Gold or other precious metals. The idea behind this is relatively simple: Without the need for native crypto-stock exchange left, you can resolve its crypto-stock in the short term.
Techemy Group studied Tether & co.
In a recent Report, the Techemy Group and the Team of Brave New Coin is now the current state of the Stable Coins under the magnifying glass. Initially, the Team notes: The market capitalization of all Stable Coins has increased significantly in the past year. Since March 2018, the total Stable-Coin-sector had, therefore, to 50 percent. The entire market capitalization of the Stable Coins spent to three billion dollars.
In this sector, there has been a dominant Player. The Stable Coin Tether occupied according to the report, up to September 2018 up to 90 percent of the market. Since then, the market domination but it seems downhill from there. It was in February 2019, only 65 percent of the market, the Tether could have. Again and again aufkochende rumors of the highly flexible covering of the Stable Coins like here in the maps of the competition is played.
Tether-dominance wanes
Nonetheless, With a total market capitalization of all stablecoins of three billion US Dollar point Tether at least 70 percent of the total circulating money supply. One thing is certain: The dominance of the Tether is disappearing continuously. Just since November of 2018 and the emergence of new Stable Coins on the market was around the stable Token a little shaken. So, it is mainly TrueUSD, Paxos, USDC; GUSDC, DAI and BitUSD, which are slowly making their way to the market.
in addition to the declining dominance of Tether Brave New Coin could also notice that there was a positive correlation between the bear market in 2018 and the volume-increase in stablecoins at the same time. While the markets declined, so it takes more of the report, “the Stable-Coin-sector will soon be as large as the Smart-Contract sector.”
in Spite of inconsistencies: Tether remains the most stable
As the company notes, remains Tether, at least as far as the price, relatively stable. Although the public perception of that stability is only “medium”. In a comparison of the ten largest stablecoins Tether was cut, however, is still the best.
You can see from the graph that the majority of stablecoins currently comes from the same geographical area. With a few exceptions (Hong Kong, Malta, Singapore) are all Stable Coins out of the Top 10 from the United States.
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