As a result, crypto-fiat on Ethereum now accounts for just over $7b, compared to Ether’s market cap of about $24b.
But the fear of the non-native tokens exceeding the value of the native tokens remains.
He commented on this growth of Ethereum stablecoins and what this means for the value of ETH, Carter in a recent post stated,“I see no reason to believe that this would be the case.
However, if non-native tokens outpaced the native unit by a factor of say, 5, that might be cause for concern.
So the question here is ‘Does the growth of crypto-fiat help or hurt the Ethereum system?

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