Ethereum and stable coins like usdt

[Aabcde]

I don't see any correlation between skyrocketing ETH prices and USDT. In my experience, the reference to up or down a coin or token is bitcoin. If Bitcoin goes up in price the others will also go up. No matter how many tokens there are under the aegis of ETH, it still cannot make the price increase in the market. In addition, many ERC20 tokens are only for profit or scam. In fact, this creates a bad image of ETH itself.

[Reid]

The word stable explains it already.
Yes it could be higher in demands but only in trading crypto currencies and not with investing with it.

That is one of their huge difference.
You can hold those stable coins until the next 20 years and nothing will change while on the hand it is the vice versa of Ethereum which have a lot of chance to gain a higher value once again.

[key4co.in]

I am still trying to figure out the correlation between stablecoins and Ethereum per say. You mentioned on your post that the higher the demand for stable coins, the higher the price of ETH, I don't think that's correct. If people are selling their ETH for stable coins on pairs like ETH/USDT or ETH/USDC for instance, it definitely implies they are taking profit or just trying to be on the safe side.

[TastyChillySauce00]

Can you explain why you think like that? What is the correlation between Stablecoin and ETH prices? I am really confused. Stablecoin like USDT I think There is no correlation anything with Ethereum, Ethereum prices are caused by demand and supply, while USDT remains stable in price at any time.

Maybe he was feeling confusing to see USDT is also used ethereum as the main pegged platform. that's why OP is thinking if this will give a huge impact to the ethereum but it's not. USDT and ethereum is not having correlation but bitcoin does. Remember there was a case about bitcoin already pumped by USDT. The impact caused by the pump of bitcoin will make the price of ethereum is increasing a lot.
that's why you will not see a direct impact from USDT to the ethereum

[JayTrain]

Can you explain why you think like that? What is the correlation between Stablecoin and ETH prices? I am really confused. Stablecoin like USDT I think There is no correlation anything with Ethereum, Ethereum prices are caused by demand and supply, while USDT remains stable in price at any time.

Maybe he was feeling confusing to see USDT is also used ethereum as the main pegged platform. that's why OP is thinking if this will give a huge impact to the ethereum but it's not. USDT and ethereum is not having correlation but bitcoin does. Remember there was a case about bitcoin already pumped by USDT. The impact caused by the pump of bitcoin will make the price of ethereum is increasing a lot.
that's why you will not see a direct impact from USDT to the ethereum

After reading your answer, I agree, very clearly, briefly and clearly explained everything, such information is useful to me to monitor the state of the market

[tranduong123]

What's your take on that?

Ethereum and stablecoins, do you think that stable coins like usdt has huge impact over ethereum price? 

Do you think that stablecoins cousing ethereum high Volatility? 

Do you think the stable coins are good for ethereum?

My opinion:
I think if there is higher demand to stablecoins then the ethereum price will go up.

There are many factors that affect the price of ETH and I think stablecoins will not have much impact, stablecoins play a key role as safe haven assets.

[Wintersoldier]

What's your take on that?

Ethereum and stablecoins, do you think that stable coins like usdt has huge impact over ethereum price? 

Do you think that stablecoins cousing ethereum high Volatility? 

Do you think the stable coins are good for ethereum?

My opinion:
I think if there is higher demand to stablecoins then the ethereum price will go up.

let's think in a holistic point of view, these stable coins are generally profitable if we are about to utilize it to many of cryptocurrencies in the market. Stable coins makes us safe from losses, in a way that it has a fixed market value. Maybe, what we can infer in this is that, since there is a stable coin, investment is much safer, and if investment is much safer, ethereum's and other crypto's market volume is higher, and if market volume is higher, there's a huge volatility in the market.

[10c]

I think that ETH is not so much dependent on USDT as Bitcoin. Ethereum is more dependent on Bitcoin itself. the only way Ethereum is connected with USDT is if USDT has problems - Ethereum is growing in price

[SistaFista]

What's your take on that?

Ethereum and stablecoins, do you think that stable coins like usdt has huge impact over ethereum price? 

Do you think that stablecoins cousing ethereum high Volatility? 

Do you think the stable coins are good for ethereum?

My opinion:
I think if there is higher demand to stablecoins then the ethereum price will go up.

I think there is no connection between Ethereum price and stable coin like USDT.
Because the Ethereum price is not stable, peoples turn their ETH to USDT so their asset value will keep stable.
For me, ethereum price will goes down if there are high demand of stable coin because peoples will sell their ETH to buy USDT.

[Kotone]

What's your take on that?

Ethereum and stablecoins, do you think that stable coins like usdt has huge impact over ethereum price? 

Do you think that stablecoins cousing ethereum high Volatility? 

Do you think the stable coins are good for ethereum?

My opinion:
I think if there is higher demand to stablecoins then the ethereum price will go up.

I can't seem to find any relation to this aspect. If stablecoin price goes up they depend on the value on which that coin is set. For example tether, we know its symbol is USDT, from the fact it is based on the value of thr USDT and serve as neutral coin so there is a neutralizer in the crypto market. If eth is going down then it's just mean no particular demand on the eth tokens that's why its plummeted.

[nasipadang]

What's your take on that?

Ethereum and stablecoins, do you think that stable coins like usdt has huge impact over ethereum price? 

Do you think that stablecoins cousing ethereum high Volatility? 

Do you think the stable coins are good for ethereum?

My opinion:
I think if there is higher demand to stablecoins then the ethereum price will go up.

Cryptocurrency experiences volatility due to demand and supply, it has nothing to do with stable coins. Then high demand for stable coins will not give you large fluctuations, because of their concept of stable coins. Those who carry the stable coin concept are not affected by extreme price volatility which is influenced by other cryptocurrency. And in my opinion about your opinion on high demand stable coin influencing ethereum is wrong.

[Vitamin_52]

What's your take on that?

Ethereum and stablecoins, do you think that stable coins like usdt has huge impact over ethereum price? 

Do you think that stablecoins cousing ethereum high Volatility? 

Do you think the stable coins are good for ethereum?

My opinion:
I think if there is higher demand to stablecoins then the ethereum price will go up.

Cryptocurrency experiences volatility due to demand and supply, it has nothing to do with stable coins. Then high demand for stable coins will not give you large fluctuations, because of their concept of stable coins. Those who carry the stable coin concept are not affected by extreme price volatility which is influenced by other cryptocurrency. And in my opinion about your opinion on high demand stable coin influencing ethereum is wrong.

Stable coins still affect the growth price of bitcoin and Ethereum, as people go to Fiat only in stable coins, and then again invest in these same currencies. Thus fluctuations in the purchase and sale occurs

[Argoo]

Stable coins are going to be the everyday money in Crypto. With all the top stable coins being built on Ethereum and over half of all stable coins being built on Ethereum, it’s clear what Blockchain these stable coin projects prefer. It’s the chain that gives them what they need. the best blend of dependability, security and decentralization. That’s encouraging to see and has impact on credibility and price of Ethereum at some aspects, directly or indirectly.

I think that the presence of stable coins has a positive effect on the popularity of ethereum. At the same time, given that they use the ethereum network to a greater extent, this dramatically increased the load on the network. They call the figure a 40 percent increase in the load due to transactions with stable coins. Therefore, the scalability problem is more than ever before ethereum. Hope for upcoming improvements to this coin.

[TriplexXx]

A stablecoin like Tether USDT has no impact over the Ethereum price. The Ethereum value is purely determined by market demand and supply. the stablecoins were invented to help mitigate loses during the correction period in the market. the stablecoins are U.S dollar equivalent and nothing more.  

[ModanaLee]

What's your take on that?

Ethereum and stablecoins, do you think that stable coins like usdt has huge impact over ethereum price? 

Do you think that stablecoins cousing ethereum high Volatility? 

Do you think the stable coins are good for ethereum?

My opinion:
I think if there is higher demand to stablecoins then the ethereum price will go up.

The price or value of Tether has no impact over the eth price/value
Tether is developed to help curb to some extent or help control the % of loss.

[WalkerIVIV]

I think that ETH is not so much dependent on USDT as Bitcoin. Ethereum is more dependent on Bitcoin itself. the only way Ethereum is connected with USDT is if USDT has problems - Ethereum is growing in price

Why is it possible to happen with ethereum? did you remember when stable coin like USDT has a lot of problem with the auditors to its reserved funds? it doesn't even give an impact to the price of ethereum.
I ask you how it is possible right now consider the USDT is much more affect the bitcoin rather than ethereum. I thought that you must learn more about how it works.

[cutesgirl]

USDT become stable coin and ehereum lok not stable coin because ethereum have lower and higher price, USDT have change about several percent and ether could back lower and higher more than 50%, now bitcoin have down but for USDT keep stable with the same price at last years, for keep save investment assets without inflation and with risk you can hold and save your money with USDT but if you want get risk and big result you can invest with ETH.