(80% of this, and 90%+ of YoY stablecoin growth, is Tether) What are good reasons why Tether will use ETH as it’s primary base chain? Will Tether migrate to ETH 2? Why? Why won’t Tether build a stablecoin chain that has less network clog and captures more of the economics?https://twitter.com/sassal0x/status/1261844544036802561 …
Every blockchain has a community. Community members really care to have tether on their chain to add value and use to it mainly. Exchanges support more then one chain usually to be ensure that, if one is clogged, they can rely on the other.
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Could you ever imagine there being a premium for Tether on ETH vs another chain? Whether it be driven by fees, speed, reliability, etc.
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It's unlikely. Exchanges list USDt pairs as blockchain agnostic. Maybe via DEXes it might be possible but it's still more probable that discrepancy is due to differences of liquidity on different chains
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