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    Investors Make For Stablecoin Hills As USDT Volume Touches All-Time High

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    Investors Make For Stablecoin Hills As USDT Volume Touches All-Time High

    crypto basset hound

    With the market in turmoil, crypto investors are beginning to turn to stablecoins such as USDT and USDC to provide cover from losses. These stablecoins which are pegged to the U.S. dollar have been the obvious winners from the recent crash but it seems that investors are taking it one step further this time around. USDT volume across the Ethereum blockchain shows that investors are ramping up their activities in these stablecoins. USDT Provides Much-Needed Cover Through the crypto market downtrend, only a handful of cryptocurrencies have managed to retain their values. They were all stablecoins, and although some of them had lost their peg, the majority had been able to retain and provide some much-needed cover for investors. The sheer amount of volume of USDT being moved by investors on a daily basis is a testament to the fact that investors are converting to stablecoins to weather the bear market. Related Reading | Market Downtrend Trigger Bitcoin Inflows From Institutional Investors On May 12th, the volume of Tether USD being transacted on the Ethereum network reached a new all-time high. Data shows that more than $33 billion worth of USDT was moved across the network. This is significantly higher than the $24.5 billion in USDT that was transacted on February 4th, 2021, the previous all-time high. USDT-U.S. Dollar peg at $0.9990 | Source: USDTUSD  on TradingView.com However, the motives behind both records had been the same; investors getting out of highly volatile digital assets into an asset that offered a measure of stability. These investors did not wish to cash out their digital assets to fiat currencies just yet and assets like USDT or USDC provide the perfect place to park funds while waiting out the bear market. Ethereum Fees Skyrocket One thing that investors moving into stablecoins such as USDT has brought with it is increased transaction fees on the Ethereum network. With so much volume being moved across hundreds of thousands of transactions, the network is expectedly congested and as such would have to increase gas fees to be able to process these transactions. Related Reading | Ethereum Tumbles To 10-Month Lows As Sell-Offs Intensifies This was the case on May 12th as the network had recorded a large number of transactions. Gas fees on the network for a single USDT transaction were shown to have risen as high as $20 during this one-day period. As many as 182,000 Tether transactions had been carried out in the 24-hour period. Despite this high demand for the stablecoin though, the market cap has not reflected this. Instead of increasing, it is down by 3.34% in the last 24 hours. Nevertheless, it remains an investor favorite as it is the largest stablecoin in the market. At the time of writing, one USDT is selling for $0.9988, maintaining a close peg to the U.S. dollar. Featured image from Wccftech, chart from TradingView.com

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    XRP:USDT Full Analysis (60Days, 30Days, 21days, 14days, 7days, 3days, 24hrs, 12hrs)

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    XRP:USDT Full Analysis (60Days, 30Days, 21days, 14days, 7days, 3days, 24hrs, 12hrs)

    XRPUSDT: Find ACW: Twitter: https://twitter.com/XRPAfrica_
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    21Day XRP:USDT Volatility Analysis (With the 1 Minute Party Trick)

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    21Day XRP:USDT Volatility Analysis (With the 1 Minute Party Trick)

    XRP Volatility Trader. Find ACW: Twitter: https://twitter.com/XRPAfrica_ Find Alpha Trading Tools: Discord: https://discord.gg/f74jcwjfqP __________________________________________________________________________________ Disclaimer – The content in this video and on this channel are not intended to be financial advice. The content in this video and on this channel are only intended for entertainment purposes only! – – – – xrp daily, xrp analysis, top xrp analysis, best xrp analysis, xrp price prediction, xrp predicition, xrp today, bitcoin trading, warlord xrp, xrp news, xrp price news, xrp today news, crypto news, crypto news today, xrp price prediction 2022, xrp 2022, xrp price 2022,xrp 2022 price analysis, xrp price prediction january, xrp January, bitcoin xrp 2022, xrp January analysis, Ripple, Ripple Analysis, ripple price prediction, ripple price prediction 2023, crypto xrp ripple analysis, XRP Price prediction 2024, XRP Price prediction 2025 XRP Price Prediction, XRP Price Prediction, XRP Prediction, RIPPLE Prediction, XRP Coin Prediction, XRP Coin Prediction, XRP Coin, XRP Token, XRP, XRP Coin, XRP Token, XRP BITCOIN Price, XRP BITCOIN, XRP BITCOIN Price Prediction, RIPPLE XRP Price, RIPPLE XRP, XRP RIPPLE Price Prediction, XRP Price Prediction 2022, RIPPLE Price Prediction 2022,XRP Crypto, Crypto XRP, Crypto Coin, XRP Coin Crypto, XRP Token Crypto, Ripple, XRP, SEC, Lawsuit, Ripple Law Suit

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    XRP:USDT Quick Weekend Update.

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    XRP:USDT Quick Weekend Update.

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    Warlord Daily Dairy: 3Day XRPUSDT vs XRPETH vs XRPBTC

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    Warlord Daily Dairy: 3Day XRPUSDT vs XRPETH vs XRPBTC

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    XRP:USDT Low Time Frame Spotter (Ripple Liquidity Zones)

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    XRP:USDT Low Time Frame Spotter (Ripple Liquidity Zones)

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    Warlord Daily Diary: XRP:USDT Price Analysis (12hr, 4hr, 2hr)

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    Warlord Daily Diary: XRP:USDT Price Analysis (12hr, 4hr, 2hr)

    If you enjoy the content & would like to help further it. Please do keep an eye on this section & head butt the like & subscribe. —————————————————————————————————————————————-
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    Tether (USDT) created $1,500,000,000 Worth of USDT Out of Thin Air in the Last 24h: Nothing of it is backed by actual Cash

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    Tether (USDT) created $1,500,000,000 Worth of USDT Out of Thin Air in the Last 24h: Nothing of it is backed by actual Cash

    crypto basset hound

    In the last 24 hours Tether, the creator of USDT, has minted $1,500,000,000 worth of USDT out of thin air. Nowhere it is documented where the money which was just created comes from and where it actually went. Before 2019 Tether claimed 100% of its reserves would be backed by actual cash Suddenly in April […]

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