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Question: With the recent increase in USDT supply and transaction, can we say that the market cap will soon surpass that of Ethereum and Bitcoin? ?
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Remitano found two best answers to the question: With the recent increase in USDT supply and transaction, can we say that the market cap will soon surpass that of Ethereum and Bitcoin?
Congratulations to user ugospecial with answer;
USDT market cap may not be able to surpass ETH and BTC in the nearest future but with the growing demand for stablecoins to bridge the gap between the crypto and fiat market, especially in times of economic turbulence, USDT experienced precipitous growth this year. If the popular stablecoin continues along this trajectory and ETH remains stagnant, USDT may well be on its way to becoming the second largest digital asset in the market by next year. Bitcoin may be the most popular cryptocurrency asset of all time, but USDT is a necessary medium the crypto market cannot do without. As the most stable, liquid and trusted stablecoin, it is powering so much innovation in crypto at the moment. Tether is lubricating many of the powerful protocols that Ethereum has given birth to, such as those in DeFi. The only obstacle in USDT’s path to dethroning Ethereum is perhaps Ethereum’s growth.
- and user
godgrace1 with answer;
With the recent increase in USDT supply and transaction, will it be deduced that it's market cap will surpass that of Ethereum and Bitcoin in the nearest future?
the answer to this question is YES and NO.
YES, I believe that USDT supply and transaction will surpass that of bitcoin and ethereum in the nearest future because, as more countries go into recession, there will be a surge for the residents to save more money using stable coins once their country currencies get devalued,
NO, If in the nearest future that currency devaluation does not affect more much countries or any country there is no need to save your funds using stable coin USDT then there will be no surge in USDT for it to surpass ethereum and bitcoin in supply and transaction, and let us not forget that bitcoin and ethereum supply are limited,
The major question is if USDT SUPPLY and TRANSACTION does surpass that of bitcoin and ethereum, for how long will it last,
it might just surpass it for a minute or days or weeks or years, but bitcoin and ethereum will definitely reclaim their position.
