1. USDT usage on EOS is low

USDT has low usage on the EOS mainnet, which means its trading volume and user activity are not high. Since USDT has little influence on EOS, its cancellation will naturally have a limited impact on the entire EOS ecosystem. Therefore, it will not have a significant impact on the RAM market. The demand for RAM mainly comes from the deployment and use of smart contracts and DAPPs by developers and users, rather than the existence of a specific stable currency.

2. RAM market uses EOS to trade in decentralized smart contracts based on Bancor algorithm

The RAM market of EOS is managed by the Bancor algorithm. This algorithm allows the price of RAM to automatically adjust according to changes in supply and demand. Since the RAM market is mainly driven by the needs of developers, users, investors, and speculators, the existence or non-existence of USDT will not directly affect the supply and demand relationship of RAM. Therefore, even if USDT is cancelled, it will not have a direct impact on the price fluctuations of the RAM market.

3. RAM market value is only affected by EOS price

The price of RAM is closely related to the price of EOS. RAM transactions are conducted with EOS as the trading pair, so the fluctuation of EOS price will directly affect the price of RAM. The cancellation of USDT issuance on the EOS mainnet will not have a big impact on the price of EOS, because the circulation of USDT on EOS is relatively small. Therefore, from this perspective, there is almost no impact on the price changes in the RAM market, and the market value of RAM mainly depends on the price fluctuations of EOS itself.

4. Canceling USDT issuance may increase community confidence in EOS

The cancellation of USDT issuance on EOS may be seen by the community as a signal of returning to the original intention, that is, paying more attention to the ecological development of EOS itself. This increase in confidence may lead more developers and users to return to EOS, increasing the demand for RAM. However, this impact is more indirect and long-term, and will not have a drastic impact on the RAM market in the short term.

Comprehensive analysis

Based on the above perspectives, it can be concluded that the cancellation of USDT’s issuance on the EOS mainnet will have minimal direct impact on the RAM market. The price of the RAM market is mainly affected by the price of EOS, rather than the existence of a single centralized stablecoin. In addition, the demand in the RAM market mainly comes from the actual demand and actual consumption of developing and using EOS smart contracts. The usage of USDT on EOS is low and has a small impact on the overall ecology. Although the cancellation of USDT may enhance the community's confidence in EOS to a certain extent, this impact is indirect and short-term. It will not have a significant impact on the RAM market in the long term. It even enhances the community's confidence in EOS and has a long-term impact on RAM. Good news.