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Market cap : US $ 83.8bn

Market cap : US $ 37.7bn

BNB is the proprietary cryptocurrency of the trading platform Binance and one of the most frequently-traded crypto assets in the world today . At the time of its founding , Binance launched two of its own cryptocurrencies , Binance Coin ( BNB ) and BinanceUSD ( BUSD ). Initially starting as an Ethereum token , BNB later moved to Binance ’ s proprietary blockchain , Binance Smart Chain ( BSC ). This later merged with the older Binance Chain , creating the BNB chain . BNB Chain operates a unique ‘ Proof of Staked Authority ’ model , a combination of proof of stake and proof of authority .

Launched in 2014 , Tether is an asset-backed stablecoin with a market value of US $ 83.8bn . Based in Hong Kong , Tether is owned by technology company iFinex and its cryptocurrency is minted on ten protocols and blockchains . Today , it is the largest stablecoin in terms of trading volume and market capitalisation , with 64 % of the market share , surpassing Bitcoin in 2019 as the most traded cryptocurrency in the world . As a stablecoin , Tether ’ s coin valuation was initially designed to match US $ 1 and holds US $ 1 of asset reserves for each stablecoin issued .