Bitcoin, Crypto currency, Blockchain

New Tether printed – Benefits Ethereum?

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250 million Tokens of Stablecoins Tether have been re-printed. This brings more Supply in the currently ongoing bear market. Especially in Ethereum a good amount seems to flow.

The digital printing press has been started up again: For the first Time in about a month, you has to be printed in a large style Tether-Token (USDT). According to the allegations of massive price manipulation of Bitcoin exchange rate, as well as various Altcoin courses of the Stablecoin is celebrating a small Comeback. Thus, there are now around 2.7 billion units of Kryptowährug Tether, what (almost) exactly the market capitalisation in US-equivalent dollars. Tether is in the ranks of the Top 10 Coins, and is about NEO, TRON, and Monero.

Tether with the third highest trading volume

According to data from Coinmarketcap, the 24-hour trading volume of USDT currently has a market share of more than 22 percent and is only slightly behind the of Ethereum (23 percent) and Bitcoin (29 percent). On the Fourth in the Ranking, EOS, omitted by a large margin only four percent of the trading volume. More than 35 percent of all USDT Trades are omitted, in turn, to the Trading Pair of Tether-Ethereum – most of it on the Exchange CoinBene. Also, Bitcoin is traded by their nature, often against the Tether, even if the volume is divided on several Exchanges.

Thus, this Time, it seems that the Ethereum-to-benefit rate on the most of the fresh Tether lot. This is not negligible, played Tether-related activities but a large role in the price increase of bitcoin and several Altcoins in the past year. Like BTC-ECHO reported, it was analysts at the University of Texas noticed a connection between the distribution of large quantities of Tether and a rise in the Bitcoin price.

Since we are currently in a bear market, investors sit up and take notice now. After all, fresh investment capital flows into the market. The distribution has a similar effect as in the examined past period of time, it could push the rate again. Also, in the past, Tether activities occurred mainly when the crypto market lived a period of weakness.

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