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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. :)

Everything will remain the same just like when USDT was replacing ripple in the third position of CMC. More than 6 billion USDT already issued on ethereum chain

https://etherscan.io/token/0xdac17f958d2ee523a2206206994597c13d831ec7

Mostly people prefer to use ERC20 USDT ratherthan omniUSDT or USDTtron

I personally always use ERC20 USDT

Who cares? Those are 2 different project anyway and it doesn't really matter to people if USDT beats Ethereum in terms of marketcap. USDT doesn't really serves any purpose except for being a stablecoin. A coin that is used mostly on trading (and wash trading).

You make it sound like there is a war going on between the two. At the end of the day, people will follow whatever is convenient to them. They can even use any of those for whatever reason they want because those 2 serves different purposes.

it could happen if the tether USDT continues to be an option for project "De-Fi" really makes everyone interested in investing in stablecoin will hit ethereum in the near future if this happens naturally ethereum will be eliminated at rank 2 coinmarketcap made to popular ethereum will collapse and stablecoin will be a coin that is in the trust and become coin to 2 top coinmarketcap.

While the market cap of Tether is rising, they all still a long way behind the marketcap of Ethereum.
As you mention, there is nowadays a lot of hype around De-fi and stablecoins; eventually this will fade out and marketcap will drop significantly of Tether.
So in the long end it doesn't really matter as Ethereum has much more potential and future than Tether.

Its really possible to overtake ETH in overall market cap by USDT if they continue adding more supply of it, I will not be surprised if this things happens.
Nothing will be new if many adopt and hold that currency,as if they can earn any profit holding that currency this is only good to use for trading if you want stable currency but for earning or possible to profit  many will prefer to use other crypto currency.

I think all those possibilities will continue to happen. This happened when Ripple defeated Ethereum. But the USDT to increase market capitalization must add the amount of supply, and Ethereum also one of the coins does not have a limited amount of supply. If you attention to the current daily volume, every day Tether occupies the number one ranking volume.

I guess I will stick to ETH as their platform has real usage in the market.
Whereas, USDT is a stablecoin, where it only secure its volatility factor.
They are 2 different platforms with separate usage, so I don't think they are competing with each other.

There is very little in common between these two coins and their goals are different, so they cannot compete with each other. The cryptocurrency market requires a stablecoin as popular as USDT, and its capitalization will constantly increase. Therefore, I assume that such a day will come when Tether will overtake the capitalization of ETH.

Absolute nothing to be worried about here, USDT represent Dollar and Ethereum is the back bone of all smart contract, USDT is even running on Ethereum blockchain so why they worry? They aren't same thing, their usefulness is different and that's clear to understand

I don't think it will have any effect on ETH even if USDT takes the number two spot from ETH.
At the pace, USDT is printing money I think it will be able to maintain that high market cap for a long time unless govt. decides to ban stable coins.

BTC and ETH will always be the number 1 and 2 coin for me no matter what market cap they have.

Tether is stable, its imposiible to speculate here. Thats why it cant flip ETH

I think it will not happen anytime soon,  Ethereum still hold a good advantage over Tether on its Market Cap.
When BTC is stable like this, we might see some surge of demand for Tether, but I don't want to expect it will replace ETH in the 2nd spot just because it has recently replace XRP on it's spot.

I know XRP back then replace ETH on the 2nd spot, so it's also possible, but that was the time when ETH was oversold, and what I am seeing now is that ETH is slowly getting it's real market, stable and quite bullish now.

Ethereum remains the number 1 choice for DeFi products and other DApps. If tether flips the network, it will be a sort of blessing on disguise - probably faster confirmation time and lower miner's fees. But I don't see ERC-20 usdt flipping ETH now cos a lot of people are comfortable with the underlying blockchain, and if they go, we have tons of projects and DeFis built on ethereum network. Eth will still be up there for long.

Surely nothing will happen, the market will still be stable. These are 2 different projects and the purpose of the operation is completely different, so it will not adversely affect projects. Like USDT has surpassed XRP and XRP is still growing well these days

You can see there was a very big gap between ethereum and USDT and it will never happen until USDT will have printed more than what already achieved by bitcoin and remember it can't happen easily.
that needs a lot of money for USDT to surpass ethereum MCAP too.

Could be. But in this strange and bizarre world of crypto, people often link a cryptocurrency's market cap to its success. Which means that if ETH gets "flipped" by Tether USDT, all the attention will be on the stablecoin itself. It's good to know that the ERC-20 token version of USDT has the most transaction activity, as it benefits the underlying Blockchain (ETH) itself. Since ETH is used as "gas" for USDT transfers, it could benefit from USDT's popularity in the mainstream world. A good thing USDT has relative to other stablecoins on the market, is that it "lives" on multiple blockchain networks. In case a Blockchain network fails or becomes disrupted in the short term, USDT can still be used via other chains. People can use USDT with lower fees and faster transaction confirmation times, by switching to more scalable blockchain networks such as TRON or EOS.

I believe that USDT has gone all the way to the moon in terms of market cap, because of the hype surrounding "De-Fi" and Stablecoins in these times of turmoil. We'll have to wait after the demise of COVID-19 and the recovery of the mainstream economy, to determine whenever USDT will maintain such position on the market or not. For what I know, a stablecoin overcoming a traditional cryptocurrency like Bitcoin or Ethereum won't make any difference. That's because a stablecoin is entirely different from cryptocurrencies we know and love today. It's like comparing apples vs oranges if you ask me. All in all, it seems that centralized stablecoins will have a very bright future. Just my thoughts ;D

The Tether is popular for payments and transfers, it is stable and fast, transactions are relatively inexpensive, I think this explains the popularity.

Though it's right but what I think USDT Tron version will be more popular than ERC20 USDT! Because Tron USDT has zero withdrawal fees on most of the reputed exchange! I was using ERC20 USDT for years, but I changed my mind and now moved in Tron USDT, only because it's free to withdraw!

Tether is a stablecoin, aside from some daytrading, people don't invest in it, they use it as an instrument for other trades. It can take even the #1 spot, it still won't have any big consequences on the crypto market. Plus, Tether exists on Ethereum's blockchain, so it might be still viewed as a "win" for Ethereum.

In the past XRP flipped ETH, and ETH didn't die or fall into a bear market. Crypto ranking isn't very important, aside from the first place. If ETH even briefly flipped Bitcoin in 2017, maybe ETH would have had slightly better position for the rest of its time.

Tether is like a place for rescue when crypto is crashing so everyone always like using it. The volume supersing others isn't surprising toe because almost everyone uses Tether and we appreciate it. It's a stable coin many Crypto enthusiasts like so much  and trust also. So it's growth isn't questionable.

Good point. Tether USDT is completely different from traditional cryptocurrencies like Bitcoin and Ethereum. Comparing it to the likes of BTC or ETH, is like comparing apples vs oranges. Stablecoins are just Fiat "tokenized" on the Blockchain. While I don't think USDT will hit the #1 spot on the market, it could become #2 anytime soon. Since USDT lives on the ETH blockchain, the Ethereum project has nothing to lose. For people to be able to transact in USDT, they need to have Ethereum (ETH) as well. After all, the latter is used as "gas" for transactions on the Blockchain. Not only USDT lives on ETH, but other blockchains as well such as BTC, TRX, and BCH. This multi-chain stablecoin will make its underlying blockchain platforms popular in the mainstream world.

In the end, what matters is concrete results rather than the market cap of an specific cryptocurrency. If USDT is legit, it'll remain in the top ranks in market cap for the foreseeable future. Otherwise, its gains will go down the drain in the short term. I'm pretty skeptic about USDT because of the lack of transparency by Tether's USD reserves. It looks to be quite a shady stablecoin that could take down the whole crypto market if it fails in the future. "Flipping" Ethereum on the market will make no difference since USDT is a stablecoin after all. But newcomers into crypto won't see it this way since they're usually "following the money". Just my thoughts ;D

Bitfinex has been printing more and more Tether over the last few weeks and my take on this is that there is a rising demand for day traders and bots entering this market, so they need more supply. For example I just now started using a bot our company has created to just trade USDT/BTC pairing, so I myself needed to buy into Tether to do so. Also some say Bitfinix are in trouble so they are printing more Tether to dump on the market, buy BTC and Exit lol. Anything goes in Crypto and what will ring true will show itself in the near future.

Each time they've sen demands they've seen more opportunities to attract traders and investors so it's a casual thing to them.


Indeed as you are tied to that pair to execute your trade.


Needs to make a good assessment in order not being trapped to this coin.


It's the future that will reveal everything inside this sphere, we should always have back up plans to adjust.

Exactly. One project cannot be compared to another one unless and until they offers the same set of features and applications to the users. USDT and Ethereum and two completely different projects that are built with different purpose, technology and applications. Ethereum will still be in the limelight even if USDT takes it over in terms of market cap.

If one compared ADA or NEO with Ethereum, it would make a lot of sense for a matter of fact but comparing two completely different projects which have nothing in common is absurd.

USDT is surprisingly rising in market cap but I don’t think it’s going to affect Ethereum even if it rises above it in terms of market cap. At the end of the day, USDT is still a stable coin that shows negligible changes in its price.

People will only use it as a substitute for fiat money as they won’t have to deal with banks and everything and the trading becomes much more convenient. As people usually tend to “follow the money”, USDT is of no use as it doesn’t make you money or profits itsthere just as a substitute to real money.So, ETH is not losing any attention, and neither is USDT going to gain any.

I believe we are likely going to see one f these Stable coins hit $100 billion marketcap, this is a positive thing for the space abd all the tokens and coins in the space would benefit because it seems more money is entering the space. Off course I do hope a better project would take over from Ethereum and even Bitcoin in future and not Stable coin because it would mean we are heading in the right direction

Cryptocurrency users are working to make easy investment. If you buy tether and hold it, what will be the difference from your fiat currency? Stable coins are fast options to save money during the market collapse. Coinmarketcap is rising means people are investing in cryptocurrency. Always "Tether" is printing more cryptocurrency crashes.

That's certainly true, mate. Tether is printing USDT like crazy. It's no wonder why its market cap has increased in such a short amount of time. It could be an exit scam that will materialize sometime in the future. If Tether dumps USDT massively on the market, crypto prices will experience a huge bloodbath. At least, the effects will be in the short term. If this happens, another centralized stablecoin like USDC or BUSD could take USDT's place in the future. I wouldn't worry about USDT flipping ETH, since it's just a stablecoin. Since USDT lives on the ETH blockchain, people are required to use "Ethers" as "Gas" to process USDT transactions. It's a win-win situation for both Tether (USDT) and Ethereum (ETH) in my own opinion.

For now, let's focus in the growth of "De-Fi" and stablecoins in this emerging industry. I believe there will be lots of competition in the future, challenging USDT's position on the market. While USDT is the most widely available stablecoin on the market, this could change in the future. It's important to keep in mind that Tether has been unable to provide true transparency on its USD reserves. This raises a flag for anyone considering USDT as a serious investment for the long term. There are far better options available on the market with true transparency, and most of all, credibility. Go for exchange-based stablecoins such as Binance USD or Gemini Dollars as they're thoroughly regulated in the mainstream world. Just my opinion :)

You can´t compare these two coins. Also, the market capitalization is in this way irrelevant. Tether represents value of 1USD, if market capitalization grows, the number of USDTs in the circulation grows, but not the value. While Ethereum provides a platform for Tether, for sure there are also other platforms for Tether token, but mainly it uses the Ethereum platform. So naturally, if Tether prints more money, it should also affects the price of Ethereum because Tether depends on it.  ;)

The gap is still far too big to even consider this what you have posted.
Also keep in mind that the more the usdt is minted it is actually supporting the market and it is going into most of the coins as people are buying usdt primarily to buy more btc, eth and other major coins so it is good to see the market cap of usdt is growing it has positive impact on crypto market.

Fact is, Tether is gaining lots of recognitions and many people trust it as a stable coin while either is from a strong team and yeild more profits while mooning but as stablecoin tether is it doesn't dump nor gain profits like ETH but not withstanding people appreciate tether more because of the safety and gas gained lots of recognitions. I value tether alot too but uses both. 

Exactly. It's a win-win situation for both Tether and Ethereum. Even if USDT manages to surpass ETH in market cap, it won't make any difference. The more Tether prints USDT, the higher its market cap will be. Newcomers seem to think that market cap means the cryptocurrency is highly successful or it's better than others behind it. But veterans in the crypto space, know that's not the case. Unfortunately, most people don't understand this as they're driven by a cryptocurrency's market cap than its use cases for the mainstream world. An advantage USDT has over other stablecoins is that it lives on multiple blockchain networks. This makes interoperability seamless. USDT can take advantage of other blockchain platforms' transaction capacity, to provide low fees and quick transfers. ETH may be clogged right now, making ERC-20 token transfers of USDT completely out of question. But it's possible to send/receive USDT on the TRON blockchain, where users can enjoy negligible fees and near-instant transaction confirmation times. While all of this great, I'm quite skeptical about USDT as Tether hasn't provided true transparency of its USD reserves. It could raise a flag for the level of legitimacy of the USDT stablecoin itself.

Nonetheless, people are required to have ETH in order to make use of USDT on the Ethereum blockchain. The more USDT grows in popularity, the more ETH will become adopted in the mainstream world. As I've said before, it's a win-win situation for both cryptocurrencies. It seems like Tether (USDT) will eventually surpass ETH's market cap, becoming second next to Bitcoin on the market. This will surely gain the attention of newcomers in the mainstream world. Let's hope that USDT turns out to be a legitimate stablecoin instead of all the other way around. Just my opinion :)

Tether (USDT) is a popular coin, and it's kind of a solution to the volatility issue of the cryptocoin market.  It's the number one choice for a person who wants to play safe for a few moments. But none of the traders will be interested to buy and hold the coin for long as holding is not profitable.  So becoming at no 2 in total market cap will have hardly any effect on the coin prices or in trading. 

What most people do not understand is that USDT makes more sense to people especially developing countries that their currencies have lost its value against USD because of inflation, since they do not have access to USD from their Banks it makes sense to hold USDT or any stable coin pegged against Dollar than holding Ethereum that has it value moving up and down

interesting view, it make sense if you believe in USDT
which country are you from, so you have no access to $, or EUR, as stable fiat currency

It's much more convenient to "hodl" a stablecoin than Fiat for many obvious reasons. The fact that you can avoid banks altogether while getting the benefits of traditional Fiat, makes stablecoins like USDT or USDC an extremely indispensable tool for decentralized finance. No matter how far USDT goes, I'll never replace Ethereum. This is largely because USDT is a stablecoin while ETH is a cryptocurrency with smart contract capabilities. In fact, USDT lives on ETH and other blockchain networks. Its rise in market cap, should benefit underlying blockchain networks the most since people are required to own the native cryptocurrency in order to process their USDT transactions. The more USDT rises in popularity, the better it'll be for Ethereum's adoption in the mainstream world.

While newcomers into crypto often link a crypto's market cap to its success, what matters is mainstream adoption and usability above anything else. I've seen other cryptocurrencies with a lower market cap than Ethereum, that are useful for the mainstream world. Their constant development and innovation will make them survive for a very long time. USDT will not rival the main ETH blockchain, but it could complement it in every way. There are many "De-Fi" platforms on the ETH blockchain, which make use of USDT as collateral for loans among other things. USDT is a universal stablecoin that's widely accepted in the crypto/space, because of its established presence on the market. While I'm not quite fond of Tether's lack of transparency, it seems to be doing pretty well in terms of trading activity. If it fails, we can rest assured that other centralized stablecoins will take its place on the market. Considering that major stablecoins are on the ETH blockchain, the smart contract platform itself (Ethereum) will likely retain its place on the market for a very long time. Just my opinion :)

What will they do if it happens? Invest in usdt? It's a pretty bad idea since usdt is completely centralized and is supposed to follow the dollar value. It's almost impossible to make money holding it and the risk is far greater than with Bitcoin.

USDT can bail at any moment and elave you with nothing. When people follow the money and ignore the facts the suffer the consequences.

Actually, we didn't remember the time 2013-2014 years. Ethereum supply is also increasing as "Tether" supply increases. Actually some altcoins supply should increase as the market increases. Every year the coinmarketcap hits the new level of the highest price. Highest volume, highest marketcap and also exchange is also bigger than last year. "Tether" can't place along the side of Bitcoin.

Considering that most people "follow the money", they might invest more thoroughly in USDT than ETH itself. They don't care if it's centralized, as long as they're able to profit from it. I believe that the stablecoin craze will last for quite some time, until the demise of COVID-19. After that, USDT's position on the market might return to "pre-pandemic" levels. The fact that market cap tells nothing other than the value of all coins in circulation, should not leave us worrying about USDT replacing ETH anytime soon.

All in all, the rise of USDT's popularity in the mainstream world should be more beneficial than harmful for ETH in the long run. After all, Tether (USDT) runs on the ETH blockchain. For people to be able to send/receive USDT transaction on-chain, they're required to spend some "ETH" which serves as a fee for the smart contract to perform its operations. In case USDT goes down the drain, another centralized stablecoin will take its place on the market. Since most centralized stablecoins live on the ETH blockchain, the world's second-largest cryptocurrency by market cap has nothing to lose. Just my opinion :)

Tether (USDT) is stablecoin so i think nothing will change if USDT flips ETH on the market. The roles of USDT and ETH are totally different.

I think it doesnt matter at all. I dont see any use case for tether aside from neutralizer on trading when the speculative coins such as bitcoin and eth goes up and down. It does not really revolutionise the crypto adoption. Honestly many have used it but only for this purpose. There is a chance to flip the market due to volume of usdt being traded but thats the end of the road.

Well said. People like to take unneeded risk and I've seen plenty of it in the altcoin subforum where people are asking if they should invest their coins into upcoming altcoins just to catch a possible pump. They already have a volatile coin like ETH and are thinking of ways to increase the risk of holding it.

While I would never choose a centralized stablecoin over a coin that serves as its base I understand why these coins might be successful in the coming years.

All possibilities can happen, there is a time when a coin / token will dominate CMC. All depends on user needs.

I personally switched to ERC20 USDT because the ETH fee was huge and it was not good for my wallet. :)

Even if the market capitalization of USDT rises so much that this stablecoin displaces ethereum from the second spot on the CoinMarketCap table, nothing will change significantly. It is unlikely that the popularity of ethereum or its price will fall from this. These coins have such different tasks and functions that it will not affect them in any way.
USDT has already moved ripple from the third position, nothing special happened.

Given that centralized exchanges dominate the crypto industry, centralized stablecoins like USDT and USDC will always be in the headlines. USDT's success will be rather beneficial than harmful to the Ethereum blockchain since people are required to use ETH as "gas" for processing USDT transactions on-chain. Tether (USDT) not only lives on Ethereum, but other Blockchain networks too. It's win-win situation for the entire crypto market. Flippening ETH as the world's second-largest crypto asset by market cap will do nothing in the long run. People will always trust ETH because it's the most decentralized altcoin in the world today. While it's possible for USDT to surpass ETH in terms of market cap, I doubt it'll ever be able to do the same with Bitcoin. Tether might continue to print more USDT tokens in order to raise the stablecoin's market cap. It's a bold strategy, as it gains the attention of newcomers in the crypto space.

Nonetheless, both USDT and ETH's adoption in the mainstream world might increase once ETH version 2.0 is released soon. With many dApps using USDT for decentralized finance (De-Fi), it's expected that both crypto assets' market cap will rise over time. Neither USDT will be able to replace ETH or vice versa since they're different from one another. In case USDT fails, other centralized stablecoins living on the ETH blockchain could gain traction leaving everything as it is right now. Just my opinion :)

if USDT can reverse it then ETH will remain the same, I mean it will still be used for long-term investment, investor interest will not change, moreover ETH is a giant altcoin in this industry. and according to current market cap, ETH still leads above USDT and I think ETH price will continue.

No doubt tether is one of the important crypto here aside from bitcoin amd ethereum. The reason is that this crypto is stable and if whales do the trading instead of converting fiat to crypto or crypto fiat to get a stable coins which is fiat then now whales can have an option by using the stable crypto coins. This is better than converting bitcoin to fiat for all we know that it is costly during the conversion but if you do it crypto to crypto conversion then lower costs could be made. This is why whales now that are withdrawing and waiting for the best time to buy more bitcoin will use the tether crypto to store their funds. And if the right time comes to buy bitcoin then thay can easily convery tether to bitcoin with a low cost transaction.

The best time to buy bitcoin? It is when market is crashing like what happen in 2018 tha btc falls down to 4k market price.

https://i.imgur.com/54Gm9Bf.png

Tether's market cap is right now nearing $15 billion which is nearly 50% more than what it was only few days ago.

At the beginning of this year the mc of tether was around $4B.

That's ~250% increase in less than a year. No fucking way this can end in a good way.

https://i.imgur.com/2ybxQb2.png

To the moon!

Currently, DEFI projects deployed on the Ethereum network are huge, and people need an asset to fix that asset when the market risk occurs so Tether will continue to stay with Ethereum. Sticking with Ethereum makes Tether looser. If there was a smart contract platform that competed with Ethereum, it would be Tronix because now Tronix has launched Justswap to compete with Uniswap.
The possibility of tether leaving Ethereum is unlikely. If that happens, a better platform than Ethereum and a more popular Ethereum would be needed.

Ethereum is classed as a 'coins' on coinmarketcap --> https://coinmarketcap.com/coins/
Tether is classed as a 'tokens' on coinmarketcap --> https://coinmarketcap.com/tokens/

Comparing 'coins' with 'tokens' is like comparing apples with oranges.
Both 'coins' and 'tokens' have their own marketcap and ranking on coinmarketcap. I think investors / mainstream world will understand the difference between the two.  

Also remember that tokens running on one single coin's blockchain will have a single point of failure (which is the network, over which they don't have any direct control).
You can see that happening with Ethereum right now that has network congestion, high gas fees, even higher fees for interacting with DeFi protocols and network security that is getting threatened.
All tokens projects operating on the Ethereum blockchain will be negatively impacted equally by all that.

From a decentralization point of view, having so many tokens projects operating on one single blockchain that can not scale, is a terrible concept.

Exactly. Both Ethereum and Tether are different from one another. But if Tether goes above Ethereum in terms of market cap, you'll expect most of the attention to go towards USDT. The average person does not care if cryptocurrencies are different from the other, as market cap is taken into consideration. If Tether becomes the second crypto asset besides Bitcoin, people might invest heavily into it. While prices will remain the same ($1 USD per coin), Tether will become the biggest stablecoin in the world. One interesting fact is that Tether lives on multiple blockchain networks. Its rise will not only benefit Ethereum but also Tron, Bitcoin Cash, Bitcoin (via Omni), Algorand, and Solana too. Since people are required to own one of the aforementioned cryptocurrencies to be able to transact with USDT, it's a win-win situation for the entire crypto/Blockchain space.

With Ethereum's current high fees and slow transaction confirmation times, I doubt people will continue to use USDT on the ETH blockchain. Tether will gain prominence on other scalable blockchain networks like Tron and Algorand in order to boost adoption of stablecoins in the mainstream world. Of course, we cannot deny that Tether has some shady practices. It's constantly "printing" new USDT tokens across multiple blockchains, resulting in a higher market cap. If it goes down the drain, it might take other cryptocurrencies down with it. That's largely because the market is extremely dependent on stablecoins to succeed. And since Tether is the largest stablecoin in the world, it can either positively or negatively affect the entire crypto market in a blink of an eye. At least, we have many other stablecoin alternatives to choose from. Other centralized stablecoins like USD Coin and Binance USD seem to be gaining prominence in the mainstream world. They might take Tether's place in the future if it goes down the drain. Surpassing ETH or not, it wouldn't make much of a difference since stablecoins are just a "glorified" version of Fiat. Technically speaking, cryptocurrencies and stablecoins are completely different from each other. Just my opinion :)

I don't want to think about it but it's possible and I hope tether can account for all this minted Usdt so the regulation body don't charge them with manipulation of market as usual.
The rate at which tether are been converted from tron blockchain network to ethereum, I dnt think they want excess supply because of inflation.

Many businessmen use USDT for transfers to avoid taxes, for example. The popularity of stable coins is growing, they have low volatility, high speed, low fee, I think that in the end Tether took the first line CMC.

Tether and Ethereum are serving different purposes in this Defi market. Tether is rarely used as transaction fee and this is pivotal in the price movement in this market, this give ethereum traders more reason to hoard and trade than Tether. Tether is satisfying all the financial function that Defi demands, eventually increasing the size of stable coin in this market. The larger the crypto space the stronger the financial capacity, Stable coin can always defend the space and we could see more accumulation/swap.

Exactly. Since Tether (USDT) is an ERC-20 token, people are required to use ETH as "gas" to cover transaction fees on the network. This is more beneficial to Ethereum than all the other way around. With Tether living on more than one Blockchain network, underlying cryptocurrencies can benefit the most on the market. Personally, I think ETH will do fine even if USDT goes all the way to the moon. The Tether company might continue increasing the supply of the USDT stablecoin in order to boost its market cap. But what matters is mainstream adoption above anything else. People linking market cap to a cryptocurrency's success got it all wrong. I've seen many cryptocurrencies on the market with a small market cap, providing active development and innovation. The market capitalization of a cryptocurrency is just an indicator of the value of all coins in circulation relative to Fiat. But most people don't see it this way.

With or without Tether, Ethereum will continue to dominate the smart contracts industry. That's largely because ETH has a large number of developers, individuals, and businesses backing it every step of the way. It's no wonder why ETH has retained its position as the second-largest cryptocurrency by market cap. Tether flipping Ethereum on the market won't make any difference since both cryptocurrencies are distinct. Comparing them is like comparing apples vs oranges. By all means, Tether's success will be Ethereum's success too. It's like a win-win situation for both crypto assets on the market. Just my thoughts ;D

I agree with you and it does seem that most people prefer ERC20 USDT. Have a look at the DeFi launching projects and you will see that for all of these tokens you need ERC20 USDT. Most DeFi token sales go through an ERC20 system - coincidence? I think not.

It is possible that this trend burst at the same time as DeFi came about, that is a possibility indeed and can easily be traced back - but I'm not going to do that here, I'll only present the possibly  ::)

For any kind of business they were using? No! No one will hold USDT just to avoid taxes because it is traceable unlike other decentralized cryptos and can be put on hold in your wallet itself by USDT team.Probably they are using for remittance services to avoid huge fees all over the world and any other crypto will do the same with no issues.

Every time, when any cryptocurrency approaches Ethereum, the question immediately arises: will it turn out that Ethereum will give up its leadership? I've seen this kind of question a few times over the years and every time Ethereum stays in second place. In general, I do not understand why this should be done? To compare? Ethereum is not just a cryptocurrency, it is a whole ecosystem that is very developed and has great support. As for USDT, all that is happening now is just the impact of the DeFi boom, nothing more.

I think tether will go to the #1 spot and bitcoin will be used to back tether. Aslong as people keep panicking and jumping to tether, tether will continue to absorb.

I don't think there is too much to read into it if it does happen. After all USDT is used to trade for any digital asset and there are many if them but ethereum is something very different .

I do not think that it would be a problem, market cappitalization doesn´t mean that such amount of money is put into the Ethereum. Market cappitalization is calculated on the price and number of tokens. And if you think about it, Tether wouldn´t fight with Ethereum because Tether can´t work without the Ethereum network. Of course that they can move into other chain, but Ethereum has the most active users and it is user friendly.

Not really sure why something would happen if Tether becomes #2, it probably will at some point, as they can pump new tether out whenever they want. I dont think many people see Tether as any type of threat to other currencies, it is just there, it exists as a hedge and not as an investing opportunity, so who really cares.

With this rate of printing USDT, Tether next year will be able to overtake BTC in terms of capitalization and take first place in the top! ;D

It seems to me that the growth of Tether's capitalization may indicate that the community of cryptocurrency users will increase, since USDT is an intermediary between national currencies and cryptocurrencies, as well as an asset that makes it possible to minimize their losses during the instability of the cryptocurrency market. In addition, important assets such as USDT are best suited to the erc20 platform.

An increase in the level of USDT capitalization cannot affect the prospects of individual cryptocurrencies, including ethereum. Even if this stablecoin takes the second position on the CoinMarketCap table, nothing will change. After all, stablecoins simply help in working with cryptocurrency. This will only indicate that among other types of stablecoins, market participants prefer this coin. The situation may soon change with the emergence of stable coins of states, such as the digital yuan.

Maybe people ask such questions because they think Ethereum will eventually be replaced in the future. If the world's second-largest cryptocurrency by market cap doesn't adapt to the latest trends in the crypto/Blockchain space, it'll be "flipped" by another altcoin. As for Tether surpassing Ethereum in terms of market cap, it wouldn't make any difference. That's largely because Tether is a stablecoin while Ethereum is a cryptocurrency used as "gas" for smart contracts to perform computations across the network. They're completely different things. The same way as you, I think Tether's rise is related to the "De-Fi" hype surrounding the industry. Once the hype is over, Tether might go all the way down the drain.

One thing for sure, is that Tether (the company) keeps printing new coins on the Blockchain. This could effectively pump USDT's market cap in a blink of an eye. But the stablecoin's price will always be $1 USD. The more Tether becomes used in the mainstream world, the better it'll be for Ethereum's long-term success. It's a win-win situation if you ask me. If Tether fails at some point in the future, it can be replaced by another centralized stablecoin without any negative effects on the crypto market (at least in the long term). Time will tell us what lies ahead with the future of stablecoins as governments introduce a series of regulations to the crypto/Blockchain space. Just my thoughts ;D

It is worth remembering that the larger the capitalization of the USDT, the less interest is guaranteed in cash dollars. Therefore, the larger the capitalization, the more risky this asset becomes.

If usdt flips Ethereum, everyone will still prefer, Ethereum to usdt. As I can see so far, USDT will only be a price booster for Ethereum and the whole crypto market. So, USDT is only for trading and does not really have any special purpose.

Many people prefer to secure their assets in USDT because indeed the stable price movement will make the asset safe and will not be exposed to the risk of loss because if you store in Ethereum the price can collapse at any time, not only that with USDT it can also be used for many markets , so many choose to store assets in USDt rather than ethereum, ethereum is only used for trading and making profit.

Bitcoin is the King of cryptocurrency, so it won't be replaced by any other cryptocurrency. Tether is a good project ,it may be agreed.But the bishop or horse in chess will not replace the King in the board.When the price of bitcoin or Ethereum is dump,traders use to convert to USDT to get escape from the loss.

when you talk of volume, i think USDT will pass Ethereum at the long run but i doubt if it will happen now. i also think Usdt might dominate all trading exchanges as long as there are high liquidity in cryptocurrencies. people will always exchange with usdt to save their funds. Most exchanges Like Bitmax have huge volumes on Usdt more than in BTC and Eth.

Tether will surpass Ethereum in terms of trading volume and transactional activity. But it'll never be able to overcome Ethereum in terms of market cap. Both crypto assets are different from the other. Since Tether is a stablecoin, it's essentially Fiat 2.0. On the other hand, Ethereum is a volatile cryptocurrency that also serves as a platform for smart contracts (decentralized applications). Given that Tether lives on the ETH blockchain, its success will ultimately benefit the parent blockchain itself. It's a win-win situation for both assets.

The general public won't see it this way, leading them to make decisions based on a crypto assets' market cap. If they see Tether become the second-largest cryptocurrency by market cap, they'll invest in it more than Ethereum itself. That's the way it works as people are driven by greed more than anything else. Ethereum will be here to stay no matter how far Tether goes. The company will continue to print new USDT on the Blockchain in order to raise the stablecoin's market cap. But smart people will base themselves on a crypto's real use cases for the mainstream world instead of hype. Since all USDT transactions require ETH to be processed by the Blockchain, Ethereum has nothing to lose. Just my opinion :)

Well, we already have unlimited supply of FIAT money. so no thank you, don't want extra "paper money"" denoted digitally in the form of USDT.  ;D

Ethereum has many great things coming up. ethereum 2.0 will come faster that you can imagine unless you are an active developer contributing to the ecosystem closely.

All "flippening is notional".

Capitalization is just one aspect, Tether can get through, but they won't be able to create smart contracts and help people build DAPPs.
Ethereum is getting a revamp and will launch version 2.0. If this version is not good then another project will emerge and everyone will leave Ethereum.

It can be really possible for tether to flips with ethereum in the marketplace however I dont think this will happen so fast and I think it will take a long time before it will happen.

Experts explain the further growth of the market share of Tether by its wide acceptance in the cryptocurrency industry and its connection with the dollar — the world's reserve currency. Tether might take the second place after BTC, but I do not think that it will affect the significance of ETH. Actually, almost nothing will change. USTD has simply become the simplest and very convenient tool for accessing Bitcoin.

Every coin has a purpose it was created for. Tether is a stablecoin and it’s being used by so many traders to save value when they are trading. Right now the market cap is even more than the $10 billion you have said here, it’s currently at $15 billion.

Even it happens to beat Ethereum to get to the second position, it still doesn’t change anything, people are still just going to be making use of it simply for trading. I haven’t seen anyone that’s using it for any other thing apart from that. Whereas Ethereum is being used for a lot of things and even if it should drop from that second position, it’s still going to be considered one of the biggest.

USDT market cap will grow as global crypto market cap will grow too. They can live together with eth without any problems

Exactly. Market capitalization is nothing, as it only reflects the value of an specific cryptocurrency's circulating supply. What matters here is usability and mainstream adoption above anything else. Both Tether and Ethereum are different from the other because of the way they were designed. Saying that Tether will replace Ethereum is like saying Fiat (USD, Euro, etc.) will replace crypto. Fiat will always dominate the market because it's the unit of account in the mainstream economy. This means that Tether's USDT stablecoin might come on top (in terms of market cap) within the not-so-distant future. But Ethereum will remain in the lead of the smart contracts space regardless of its current position on the market. We might as well focus on each cryptocurrencies' use cases, instead of figuring out which will overcome the other.

All in all, Ethereum has nothing to lose since Tether relies on Ethereum to succeed. After all, people need ETH to process USDT transactions. The more USDT grows in usage, the more adoption ETH will experience in the mainstream world. It's a win-win situation for both crypto assets. With ETH 2.0 coming soon, Tether will be able to enjoy faster transaction confirmation times at a fraction of the cost. Just my thoughts ;D