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Tether is 2020’s Most Traded Coin By a Crypto Mile

USD-backed Tether is the most traded cryptocurrency, and it’s not particularly close. So reports Decrypt.

TetherTether has the trading volume of Bitcoin, Ethereum and Ripple combined, per a recent report from CoinMarketCap. Notably, Tether admitted last year it is actually only 74% backed by cash or equivalents.

“Whether it’s solvent or not remains up for debate, but Tether has managed to maintain its dollar-peg in all but the most extreme circumstances and remains one of the least volatile USD stablecoins,” according to the article.

Read the full article from Decrypt

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