As Ethereum Embraces Tether’s USDT, ETH’s Value is Threatened

Over the past few weeks, Ethereum has been subject to a trend few expected: stablecoins — cryptocurrencies tied to the value of a “stable” asset external to the industry — have flocked to the blockchain. Stablecoins have become a trend so relegated to the blockchain that there is now $5.6 billion worth of Tether’s USDT stablecoin issued on Ethereum, as opposed to $1.3 billion on Bitcoin’s Omni and  $800 million on Tron. Unfortunately, the unquestioned […]

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Author: toutiao