Tether has reached the 4th position on the list of top coins by market capitalization in the last 24 hours. According to COIN360 statistics, capitalization of the Tether market has bridged $4 billion, while Bitcoin, Ethereum, and XRP counted for $150, $18, and $10 billion respectively. Tether has become the 4th cryptocurrency in the world at the moment, displacing Bitcoin Cash and Litecoin, which lost around $1.3 billion and $0.7billion of market capitalization respectively.
In the meantime, Tether has won a local battle in the war with US regulators. As we reported earlier, Bitfinex, which is deeply connected with Tether, has won an appeal that allows the exchange to keep the documents regarding the alleged borrow from the stablecoin fund to cover losses.