Tether Took The Third Place In The Global Crypto Ranking
Today, Tuesday, May 12, the capitalization of the most popular stablecoin Tether amounted to 8.7 billion US dollars - the coin took third place in the global ranking of cryptocurrencies for a short period of time, moving up XRP.
As of the time of this writing, the Ripple returned to its place.
In 2020, all stablecoins showed a positive trend, but the pace of Tether is really amazing: the coin capitalization was less than 7 billion US dollars just a couple of weeks ago, and now it`s close to $9 billion. USDT is involved in 74% of bitcoin transactions in pairs with stablecoins.