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" ... There is a legitimate case to be made that Tether is one of the few systemically significant companies in the entire cryptosphere. Its (partially) dollar-backed stablecoin USDT has a market capitalization of $2.8 billion, and it is a key source of liquidity for exchanges and traders around the world. For instance, according to the research site CryptoCompare, about 80% of all bitcoin trading is done in USDT. ... "