"Total volume" shown on coinmarketcap is completely made up, for any digital asset. Almost useless to bring it up :) But pick exchanges that you trust, and USDT volume will be right up there alongside BTC.
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Replying to @udiWertheimer
And yet it's brought up constantly by nearly everyone including the CTO.
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Replying to @udiWertheimer
Larry Cermak Retweeted Paolo Ardoino
Larry Cermak added,
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Replying to @lawmaster
lol
@paoloardoino don't be a tool (to be fair, i will say that if the point is to show how USDT crushes competition, it's still true as their numbers are fake too)3 replies 0 retweets 3 likes -
Replying to @udiWertheimer @paoloardoino
Yep that is true. USDT is still king. That being said, other stablecoins have higher % of real volume. While I estimate that Tether is at maximum 15%, I think that for PAX/USDC/GUSD, the number will be closer to 50% if not more.
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They have higher % of real volume because these unknown exchanges that inflate their volumes don't even bother to fake PAX/USDC/GUSD volume.
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Exactly
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To be fair on-chain volume reported in the chart below reports around 10x than the biggest competitor. Tether still has around 90% of the market share, given all the attacks it got in this period. I find it impressive.pic.twitter.com/r5n8zsmiAS
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Yep, 100% agree. Tether is still way ahead of competition
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I included Bitcoin to show who's really the king, Tether is just a mere servant.
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Replying to @paoloardoino @lawmaster and
Tether is set to remain in the lead because of its expected returns from investment in bitcoins haha
0 replies 0 retweets 1 likeThanks. Twitter will use this to make your timeline better. UndoUndo
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