Kiffmeister’s Fintech Daily Digest 09/22/2019

• Half of all Tether trading volume happens on one obscure exchange

  In August, BTC/USDT represented 71.23% of total volume traded into both fiat and stablecoin. Despite controversies, USDT continues to be the most popular stablecoin for Bitcoin trading, followed by USDC, PAX, and TUSD. Bitmax, a trans-fee mining exchange, constituted roughly half of all USDT trading volume across all exchanges. Unlike regular cryptocurrency exchanges, trans-fee mining exchanges refund the fees paid by traders in the form of the exchange’s native token. While popular with traders, these exchanges have faced criticism from industry experts and were often compared to Ponzi schemes. These exchanges also incentivize wash trading.

  tags: Fintech CryptoAssets Liquidity Bitcoin AltCoins Stablecoins Tether

• Cross-border Payment systems: SWIFT, RippleNet or BWW?

  Nice overview of the current cross-border payments systems landscape.

  tags: Fintech Blockchain CrossBorder PaymentSystems Ripple Stellar SWIFT

• SEC Chair Clayton: Bitcoin Needs ‘Better Regulation’ Before Major Exchange Listing

  US SEC Chairman Jay Clayton said they better regulation is needed around bitcoin markets before they can be traded on major exchanges, and that investors are “sorely mistaken” if they think that cryptos undergo the same price discovery practices as products on top exchanges.

  tags: Fintech ETFs Liquidity CryptoAssets

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