Express

Tether Is Catching Up With BTC And ETH As A Form Of Payment

Ramsey Baker

Summary: Some analysts see Tether (USDT) catching up with both Bitcoin (BTC) and Ether (ETH) as a payment method, according to Bloomberg. CoinPayments, the cryptocurrency payments processor, has registered a rapid increase in the popularity of Tether, the USD backed stablecoin, as a form of payment. Tether accounts for 30% of the volume on the site, ...

Some analysts see Tether (USDT) catching up with both Bitcoin (BTC) and Ether (ETH) as a payment method, according to Bloomberg.

CoinPayments, the cryptocurrency payments processor, has registered a rapid increase in the popularity of Tether, the USD backed stablecoin, as a form of payment. Tether accounts for 30% of the volume on the site, which currently has 2.4 million users. This volume is 30 times more than what Tether did more than a year ago.

By Ramsey Baker

Last Update:

Tags: ,,,,
Link: Tether Is Catching Up With BTC And ETH As A Form Of Payment   [Copy]
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 3 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 6 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 10 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 12 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 14 days ago
  • You need to login to comment.