Zaheer
Zaheer
USDT-0.02%
USDC+0.01%
DAI0.00%
USDG0.00%
ETH-0.71%
This is mostly right. Tether competes with no one else in the $60 Trillion dollar non-yield bearing M2 market. Tron + Ethereum make up ~$30 billion+ in daily USDT volume. We're 20x away from $600 Billion in daily flow, representing 1% of this market. Green asset thesis.
PaperImperium
PaperImperium
For perspective, Tether competes mostly w nobody else vs the $1.15T of currency and $16T non-US bank dollar deposits. USDC + Paxos compete w $7T uninsured USD deposits & trying hard to enter other businesses (like Euro) Every DeFi stable scrums it out over $110b total DeFi TVL
Do we really think that this volume will settle on Tron or Ethereum? @PlasmaFDN
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