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Bitcoinist 2019-11-12 14:26:16

Tether Transfers Outpace Ethereum on its Own Network

The Ethereum network now carries more 2-3x more Tether in its ERC-20 form than the native ETH asset. The reason for this is record-high activity of the new type of stablecoin, as demand for arbitrage and the movement of funds continues to grow significantly. Tether Takes Over as Leading Smart Contract The value of on-chain $USDT transfers on Ethereum are currently 2-3x that of the value of $ETH transfers on #ethereum. By comparison, this ratioRead MoreThe post Tether Transfers Outpace Ethereum on its Own Network appeared first on Bitcoinist.com.

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