Cryptoverse-Tether gets a lift from stability doubts

Tether, the stablecoin, is becoming the least risky cryptocurrency asset as demand to buy grows due to increasing concerns about mainstream bank stability and regulatory clampdowns in the cryptosphere. As such, the coin’s perceived safety from the SEC and its ability to store value is helping it thrive and it is now ranked number three on the CoinMarketCap database with a market cap of $82bn. However, Tether has long been under suspicion as doubts about its $1 peg being backed by dollar reserves have arisen.