This makes a lot of sense.
Solana had downtimes and is quite centralized.
Ethereum never had any downtime and is decentralized.
Stablecoins need the security of both decentralization and no downtime. For projects with their own token, the choice to build on Solana makes sense because of other reasons such as the programming language and the scalability.
They both have their advantages and disadvantages in different areas.
JUST IN: 🚨 Solana is struggling to gain stablecoin market share while Ethereum stablecoins go vertical 📈💵
The market has already chosen its settlement layer — and it’s Ethereum.
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