The market capitalization of Tether (USDT) surpassed that of XRP this week. The dollar-pegged stablecoin is now the third-largest cryptocurrency. Macro factors led the demand for USDT higher, including traders’ flight-to-cash amidst the fast-spreading novel Coronavirus pandemic. Tether has replaced XRP, the native token of the San Francisco-based blockchain payment firm Ripple Labs, to become...