Fidelity, a big name in finance, thinks stablecoins are going to make Bitcoin and Ethereum go their separate ways. They’re saying that Ethereum’s use of stablecoins will make it stand out from other blockchains, even Bitcoin.
Ethereum: The Utility King?
Fidelity says Ethereum is more than just a digital currency, it’s a platform for moving assets around. Bitcoin, on the other hand, is more like digital gold – people hold it for the long haul.
They point out that a lot more money is being moved around using stablecoins on Ethereum than with Bitcoin. This means Ethereum is becoming a more versatile tool for everyday transactions.
Why Ethereum Might Win
Fidelity thinks Ethereum has a big advantage over other smart contract platforms because it’s already the most popular. This means it’s hard for other blockchains to catch up.
The Bottom Line
Fidelity believes that Bitcoin and Ethereum are going to become more different over time. This could be good for investors because it gives them more options to diversify their portfolios.
