ethereum has a trillion dollar problem nobody wants to discuss

$300b market cap securing $1t in stablecoins breaks basic proof of stake economics. pajke called it: the math doesn't work

circle and tether might need to become ethereum's largest holders just to keep the chain functional. imagine explaining that dependency to regulators

tether alone added $20b on tron this year. jpmorgan sees $500b stablecoins by 2028. eth market cap isn't keeping pace

the "decentralized computer" requiring centralized stablecoin companies to prop up its security model wasn't in the whitepaper