Does Ethereum Embracing Tether USDT and Stablecoins Threaten the Value of ETH Itself?

A major trend continues to grow inside the world of #Ethereum, and that is the popularity of stablecoins continuing to flock to the smart contract platform.

ETH has become the so-called home of stablecoins, with over $5.6 billion worth of Tether USDT now issued on the ETH chain, compared to just $1.3b on #Bitcoin OMNI network, and just $800m of USDT on Tron.

Unfortunately, the issue being raised now is, how does ETH's leading role in the stablecoin gane, sporting on-chain assets such as USDT, USD Coin, Paxos, DAi and more, effect the long-term prospects to the value of ETH itself?

Related Links:
https://bitcoinist.com/ethereum-embraces-tether-move-threatens-eth-value/

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