Tether Prints $300 Million But XRP Still Retakes Third Position

top cryptos july 29 2020

Another $300 million USDT has been printed, but not issued, “meaning that this amount will be used as inventory for next period issuance requests,” Paolo Ardoino, Bitfinex’s COO, says. That brings its total market cap above $10 billion, but a jump of 8% for xrp has returned it to the third position after months of tether dominating. There appears to be no clear reason for xrp’s rise except that others are rising too, so it has joined the party with bitcoin racing past $11,200 at the time of writing while eth seems to have finally gotten over easy peasy. That’s while Goldman Sachs analysts say: “Combined with a record level of debt accumulation by the US government, real concerns around the longevity of the US dollar as a reserve currency have started to emerge.” The problem is that except for bitcoin and gold there’s no where to run as other…

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