While ETN should be relatively stable, it should NOT be a stablecoin. It wouldn’t make sense…
Since we are on the subject of stablecoins, I’ve been thinking a lot about all these stablecoins that’s being released. All of these stablecoins will compete against tether, and we know that a positive correlation exists between the market cap of tether and BTC. What happens when these stablecoins will take market share away from tether? How will that effect BTC? I believe that BTC will start going down in a few more months. It’s just a thought.