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Tether Catching Up With BTC and ETH: Bloomberg

Published 10/25/2019, 12:19 PM
Updated 10/25/2019, 12:41 PM
Tether Catching Up With BTC and ETH: Bloomberg
BTC/USD
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Stablecoin Tether (USDT) is gaining popularity as a payment method, with some analysts seeing it catching up with Bitcoin (BTC) and Ether (ETH).

As Bloomberg reported on Oct. 25, cryptocurrency payments processor CoinPayments registered the rapid increasing of popularity of Tether — a stablecoin pegged 1:1 to a United States dollar — as a means of payment. On the site, which has a 2.4 million user base, Tether currently accounts for 30% of volume, which is 30 times more than a year ago.

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