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RE: Bitcoin Flash Rally As Tether Loses It's Peg

in #cryptocurrency6 years ago

Not the first time Tether has been hit with scandal but its still the most widely used stable coin for now, not sure if trueUSD will begin to eat at its market share now. I know SBD lost its peg ages ago but its been kinda stable and I think its not a bad stable coin to use if you're scared of using Tether. I think its just that Tether is on so many exchanges and has so many trading pairs available that its the more popular choice.

Never heard of Dai before gosh that would be great if we had Dai with atomic swaps for all these ETH tokens we could really have a better use of value on the ETH blockchain not so much dust stuck in wallets and exchanges

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You're right. But Tether is now under so much competition that it's market share is being eaten from all angles.

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