One quick look at the above figure is all that's needed to see | LibreCharts

One quick look at the above figure is all that's needed to see that the growth of USDT has exploded exponentially in comparison to the other two synthetic derivative assets (WBTC and USDC).

Curiously, it does appear that USDC has experienced a considerable uptick in issuances over the past year or so.

The management of this asset is publicly tied to Grayscale since its parent company (Digital Currency Group) was one of Coinbase exchange’s original seed investors and USDC was launched as a joint venture by Coinbase and Circle.

The Value of Ethereum is Not Equivalent to its Value as an Ecosystem

The report notes that 'Ether' (name for an individual unit of Ethereum) is technically not necessary to fulfill its mandated purpose within the Ethereum ecosystem (payment for 'gas' needed to complete the computational execution of a requested transaction).