Part 8/13:
These shifts prompt a fundamental reassessment of Ethereum's role. Ethereum pioneered the stablecoin and DeFi movements, with USDC and USDT as key ERC20 tokens, and the platform heavily relied upon for a broad range of decentralized applications. Yet, as corporations develop their own chains optimized for speed and privacy—often with permissioned nodes—the ecosystem's dynamics change.
Risks for Ethereum
- Migration of Stablecoins and Payments: If major stablecoin activity shifts to these private chains—ARK, Plasma, Stable—Ethereum could see declining relevance as a backbone for payments, cross-border remittances, and savings.