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July 11, 2020
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Bitcoin

The “mystery” of virtual currency/bitcoin approaches the background of increasing USDT issuance = Sino Capital


SinoCapital, a Hong Kong investment banking company, reported that the issue of virtual currency USDT (tether), which is approaching the background of increasing USDT issuance, is led by a Chinese OTC broker. Coinmarketcap’s USDT market capitalization (generally the total number of issues and market capitalization is proportional) has been rising since 2017, accelerating its momentum since the 2020 Corona Shock. USDT’s market capitalization reached $9 billion on June 11, surpassing XRP’s market capitalization to be in third place, showing a strong presence in the virtual currency market. Issuing tether is basically a demand…

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