Cryptomena tether is more central to what many people believe.
Coin Matrix researchers have found that approximately 80% of the available volume of Tether Cryptomena is owned by 318 VL's. The market with it is thus very central to the industry. Bloomberg was devoted to the subject.
318 is the number of purses (addresses) that are currently converted to tether, at about 893 thousand euros, at a cost of ten million dollars. The situation is aided by the fact that one person owns an unlimited number of virtual wallets. At the time of writing, according to CoinMarketcap, the tether unit sold for about 0.89 Euroscent.
By comparison, well-known cryptomena Bitcoin has a large number of owners. In her case, however, there are more than 20 thousand purses worth over a million dollars.
As a means of exchange
Tether is important in the cryptocurrency world because some major exchanges use it as a trading medium. According to Coin Matrix, the two biggest ones, Bennance and Hubby, use it at 40% and 80% of transactions, respectively. Both stock exchange owners are tether publishers and at the same time control some of these 318 addresses.
Photogallery / 2
The "big fish" behind Tether is also associated with a sharp rise in Bitcoin prices at the end of 2017.
Cryptomena was founded in 2015 and its main function is to ensure liquidity for stock exchanges. This means that it was meant to be used in everyday life just like cash – it is universally accepted, it can be changed for anyone, and especially trading immediately.
However, in the meantime, it was suspected that the companies behind the tether were blurring the loss and mixing customers' money with the company's capital. According to Bloomberg, some members of the cryptocurrency community have started to identify related companies as "tether mafia."
John Griffin, a professor at the University of Texas at Stein in America, also expressed concern for the site. “The tether concentration indicates that cryptocurrency is in the hands of many big players. They can confuse Bitcoin prices, and there are also some harmful reasons, "he explained. Tether is also associated with a sudden increase in Bitcoin prices in 2017.
(1 Euro = 1.1193 USD)