ETH has not simply turned into USDT, but rather converted a highly concentrated and highly volatile single asset into cash equivalents composed of various stablecoins. This serves both as a means of wealth preservation and as preparation for subsequent "targeted funding" with stable value.
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ETH has not simply turned into USDT, but rather converted a highly concentrated and highly volatile single asset into cash equivalents composed of various stablecoins. This serves both as a means of wealth preservation and as preparation for subsequent "targeted funding" with stable value.