May 9 (Reuters) - Digital stablecoin tether is winning the race for the title of the crypto world's "least risky" asset.
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.
Buying tether and bitcoin is really a vote against the U.S. system," says Jensen.
On CoinMarketCap's database of 23,891 tokens, tether has risen to number 3 with a market cap of $82 bln and a share of 6.83%.
NO NEWS IS GOOD NEWSTo be sure, tether has long been dogged by doubts about its peg being backed by dollar reserves.