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Tether uses multiple blockchains also to avoid to clog a single one: divide et impera. Embracing existing blockchains means supporting their communities and be their first choice in their products. When ETH2 will be stable and safe we'll definitely issue on it too.
This is a great answer - thanks for the context. Do you see clients of tether as sensitive to the underlying blockchain? Or are they relatively agnostic dependent on what’s cheapest?
I could be wrong but I highly doubt anyone using Tether even realizes/cares its on ETH. Speed, reliability and low cost always wins...seems unlikely ETH will have a monopoly on that. I’m shocked by that 80% statistic, you won’t hear that from the DeFi crowd!
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