Stablecoins help Ethereum pass Bitcoin in daily settlement value

[Riya143]

Messari’s Q2 review of stablecoins shows that DeFi is rapidly bringing more stablecoin value to Ethereum.
Don’t @ Messari’s Ryan Watkins, Bitcoin maxis. He’s just the analyst.

In findings sure to bring out the Bitcoin reply guys, Messari researcher Ryan Watkins found in his Q2 review of stablecoins that, after nearly reaching parity with Bitcoin for daily settlement value in the first quarter of 2020, Ethereum “[blew] past Bitcoin” in the second quarter.
Read More: https://decrypt.co/36183/stablecoins-help-ethereum-pass-bitcoin-daily-settlement-value

[Muneeb22]

Bitcoin, ETH and the stable coin are great coins and they have big value in the market becasue these are the main coins in the crypto market and future of these coins are bright.

[kent47400]

Indeed, every day for that assessment Ethereum is very strong and even Bitcoin is overlooked.

For example, for transactions also Ethereum is more than Bitcoin because Ethereum has smart contracts that are involved with tokens that are always sent every day.
Whereas Bitcoin only has 1 blockchain and it is possible the transaction is only in exchange trading.

We will wait for the best news from stable coins based on the Ethereum network, so that the future of this Ethereum coin has cheaper transaction fees than the TRON blockchain.

[Senin]

Ethereum has indeed shown much better price gains over the last month compared to the rise in Bitcoin. During this time, the price of ethereum has grown from $ 230 to $ 400-440, almost doubled. Bitcoin has grown from about $ 9,100 to $ 11,500-12,000, which is about a quarter. DeFi stablecoin projects also played a role in this.

[damsix]

Transactions from Ethereum are very full and this is sure to provide perfection for the community in every trade.
I think Ethereum is only natural to overtake its trading transactions because Ethereum is number 2 on Coinmarketcap.

Etehreum and Bitcoin each have their own density in each trade so in my opinion it is only natural for problems like this in the cryptocurrency market.

[Noverteno]

Transactions from Ethereum are very full and this is sure to provide perfection for the community in every trade.
I think Ethereum is only natural to overtake its trading transactions because Ethereum is number 2 on Coinmarketcap.

Etehreum and Bitcoin each have their own density in each trade so in my opinion it is only natural for problems like this in the cryptocurrency market.

The number of transactions on the ethereum network has indeed increased so much that it caused a negative reaction in the form of network congestion and, as a consequence, a sharp increase in gas for conducting transactions. Because of this, even many new projects began to choose other platforms. Now all hope is for the ethereum update, which is constantly being delayed in time for implementation.

[ttcsalam]

Bitcoin, ETH and the stable coin are great coins and they have big value in the market becasue these are the main coins in the crypto market and future of these coins are bright.

I agree with you.However, various stable coin markets are slowly taking over.Everyone is trying to get into a better position.

[MrSpasybo]

DeFi projects require locking down stable coins, which makes the need to own and use stabe coins greatly. A majority of stable coins are built on Ethereum platform, perhaps the stable coin exchange ERC-20 made Ethereum achieve this feat before Bitcoin.
In the future, when stable coin is accepted at leading payment services like PayPal or Visa, we will see even more success.

[IyemRoker]

Things like this are very helpful for the problem of economic growth in one coin.
So back to what factors influence why stable coins can increase in popularity?

The reason is in DEFI, where this DEFI provides convenience for Ethereum and becomes a stable coin which is even more useful and can be an option for project selection.