Or you could even say ETH is what’s keeping stablecoins alive.
I mean, stablecoins like USDT run on different networks (TRON, BNB, and ETH).. but Ethereum is still the most popular and widely used. Without ETH, stablecoins probably wouldn’t even exist in the way we know them now.
People are still investing in ETH.,, they still believe in the project, even with all the bad news about developers or whatever drama’s happening behind the scenes. At the end of the day, it’s the investors that keep a project alive and ETH still has a strong base of supporters backing it.
Yeah I know it is like Eth is the host landlord and USDC and USDT are like tenants in the household that brings in a lot cashflow for the Host to survive right or is it the other way around?
What if assets like stable coins and NFTs leave the Eth blockchain then can Eth still survive? Stable coins are already on Solana but why USDT or USDC not on Cardano yet?