According to CoinDesk, research conducted by crypto research company Messari has shown that the value of stablecoins transferred through the Ethereum network is much greater than its own native cryptocurrency, Ethereum (ETH). Ryan Watkins, a research analyst at Messari, tweeted that the value of the stablecoin transfer has "subverted" the native cryptocurrency ETH of the Ethereum network. Ryan Watkins said: "This is largely the reason why Tether (USDT) transitioned to Ethereum. On a weekly basis, this rollover occurred in mid-2019. Since then, the changes have been amazing."