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Topic: What if Tether (USDT) flips Ethereum (ETH)? - page 5. (Read 669 times)

legendary
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www.Crypto.Games: Multiple coins, multiple games
I've seen that now USDT has reached a market cap of over $10 billion dollars (USD). The sudden rise could've been a result of the massive hype surrounding "De-Fi" and stablecoins. With Tether issuing new units (supply) of USDT, it makes me wonder whenever its "triumph" will last for long? After all, crypto land behaves in strange and bizarre ways. Imagine if USDT flips Ethereum on the market. All the eyes will be on Tether instead of Ethereum, as people are usually "following the money". I think Tether will continue to issue new coins on the Blockchain in order to maintain a high market cap ranking. Only then, USDT will stand alongside Bitcoin as the world's second-largest cryptocurrency (stablecoin) by market cap.

What do you think will happen if USDT flips ETH on the market? Will everything remain the same? Or will ETH lose attention from the mainstream world? Will USDT be able to maintain such high market cap for a long time? Your input will be greatly appreciated. Smiley
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