The second half of 2018 has seen Dollar-pegged cryptocurrencies (stablecoins) flood the market, but recent data suggests that Bitcoin might become the one true stablecoin. The latest report from blockchain research group, Diar, shows while Tether still accounts for an overwhelming majority of the total stablecoin volume, cryptocurrency traders are actually starting to exchange with Bitcoin directly, rather than use new, regulated alternatives. The graph below shows the overall trading volume of Tether markets is getting smaller, but the activity of Bitcoin markets has increased between 8 and 10 percent on cryptocurrency exchange OKEx, one of the largest in the world. A…
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https://ift.tt/2qgmoJf David Canellis October 24, 2018 at 06:00AM
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