.@paoloardoino seems to be saying that there's less demand for tethers because there's already more tethers in circulation than other stablecoins in response to a question from @dee_bosa about why no tokens were issued the last month and a half
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But that's different from 0 growth entirely right, which I think was the question. USDC has still been growing, even if the rate has slowed
I could argue that tether did issue new tokens, not just at the same pace as before. One from today.https://etherscan.io/tx/0x35859dbbea1208c8ca0e5242f3ffaf915dde796f20eeb1c87067c1a9a3064b1b …
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Technically speaking, you’re comparing the _2nd derivative_ of USDC supply as function of time with net negative growth of USDT. Of top 5 stablecoins by market cap, only USDT has declined. Given demand for other stablecoins, what else explains net decrease in tether supply?
Thanks. Twitter will use this to make your timeline better. UndoUndo
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