Fidelity, a financial services giant, predicts that the growing usage of stablecoins on Ethereum will cause a further divergence between Ethereum and Bitcoin, the top two crypto assets by market cap. The rise of stablecoins on Ethereum indicates that Ethereum has greater utility in terms of asset transfers compared to Bitcoin, which is primarily held for the long term. Fidelity's report suggests that Ethereum's dominance in the smart contract platform sector and its network effects will make it difficult for other platforms to catch up. At the time of writing, Ethereum is valued at $2,332 and Bitcoin at $57,075.



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