According to Reuters, digital stablecoin tether is winning the race for the title of the crypto world's "least risky" asset.
As a regional U.S. banking crisis widens and a regulatory crackdown on crypto firms deepens, investments within the cryptosphere are moving into tokens and coins perceived as relatively safe.
Tether is already the top performer among stablecoins -- digital tokens pegged to some fiat asset like the dollar -- and has seen its market value soar since March.
Its value is anchored by a 1-to-1 peg against a cache of dollars and a supply cap at around 85 billion tokens. Demand for the coin has been so strong that its peg has held above 1 since mid-April, hitting 1.002 last week.
"The banking crisis is fuelling 'hyper-bitcoinisation' - the inevitable endgame that the dollar will be worthless," said Anders Kvamme Jensen, Oslo-based founder of the AKJ global brokerage and digital asset specialist.
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Sorumluluk Reddi：Yukarıdaki içerik HTX'ın tutumunu temsil etmez.，HTX herhangi bir alım satım önerisinde bulunmaz.。
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