USDT is much more actively used on Tron than Ethereum, so this is probably not true. There are too many scams and risks on Ethereum that many people prefer using Tron, besides it is faster and cheaper. I wonder if there is somewhere good data that compares usage not just issuance. Does anyone know a source?
Honestly I believe if it wasn't for stable coins Eth would be useless by now worth $0. Otherwise what people will use Ethereum for, just NFTs and selling NFTs for bitcoin not for stable coin payments? Smart contracts with what if there are no stable coins at the other end of the contract?
ETH has no advantage over the new generation of coins. It is only there because of age and being the first for these kind of features. Old interests are keeping the price high.
Otherwise when will bitcoin gets its own stable coin on its own layer 2 to compete with ethereum? Layer 2's none of that sidechains nonsense that leverage no security from layer 1's.
I think I've read somewhere that someone is trying to deploy a stablecoin on Bitcoin, but I am not sure.
Okay we can see a clearer picture here. West Vs East. West is Ethereum and USDC Vs East Tron and USDT. However USDT Tether lends money to the USA Government so I don't see why Trump would ban USDT as he is getting $billions from Tether. It is like killing one of your main funders. So from this can we safely assume that Tether USDT will remain for years until if democrats win the next USA election with their anti-crypto stance but then again banning USDT is like I said before killing one of the government main sources of income because Tether buys USA Govt. bonds.
USDC is officially regulated and recognised by the USA Government. People in the poorer east need USDT because the dollar is the world reserve currency and their local currencies are not as strong I guess. They could by USDC but they prefer to support Asian Tron over western Ethereum? So in future it will be like 2 global competing economies that is western blockchain vs eastern blockchain for smart contracts but bitcoin is separate from all this as its a store of value but bitcoin can dominate all if it can do smart contracts too making Ethereum and Tron obsolete.
What you mean too many scams on ethereum compared to tron? You mean ethereum has too many smart contracts defi hacks in compared to tron? Which is more decentralized, Tron or Ethereum?
I don't see it as a West vs East thing at all. Ethereum is the worst smart contract chain that currently exists. USDC is also very small and nobody favors it. I have never heard anyone ask or offer to pay me in USDC unless they have no choice. For example if the blockchain that they are on does not have good USDT liquidity. As for the rest of the arguments I think there is zero chance of an USDT ban regardless of who the political leaders in the USA are. The people behind USDT were very wise with their involvement in government treasuries. This will ensure that the USA government will never go after them.
. If they continue to do this they will be unstoppable.