seems like most stablecoin chains (plasma, stable, tempo) have the same issue as most L1s 'build it and they will come' Tether is dominated by Justin Sun and Tron, and I don't see it changing. His bizdev over 5 years to make it THE tether chain - all the CEX and merchant intergrations for TRC-20 - is not going to be beaten by some upstarts. This is the moat, not the tech. Anyone can build the tech these days. Similarly for onchain stablecoin SIZE moves, Ethereum is unmatched - it's permissionless - yes tether/circle can freeze still, but it's rare - and it's the most likely to not have a catastrophic vulnerability. The 'killerapp' they're going for is micropayments, but what if fees and speed on Tron are 'good enough' for now/intertia and lack of intergrations makes people not want to move over? Remember that nearly all tether users go via custodians, who subsidise transfer fees (partly from having cheap fees from staking a little tron anyway) so it's effectively feeless anyway....
13.76K
19
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.