Tether Will Flip Ethereum This Year, Samson Mow Says

U.S. Dollar Tether ($USDT), a USD-pegged stablecoin by Tether Limited, sees its capitalization exceeding $150 billion. Seasoned digital asset entrepreneur and investor Samson Mow sees $USDT securing the status of the largest altcoin as soon as this year.

Tether ($USDT) close to "flippening" Ether ($ETH) this year: Samson Mow

Tether ($USDT), the biggest stablecoin asset in crypto, reaches a new capitalization ATH over $150 billion. JAN3 CEO Samson Mow is sure that it is only the beginning for $USDT. Mow is certain that $USDT has all the chances to outshine Ethereum ($ETH) by market cap as soon as this year.

Samson Mow added this comment to a celebration tweet by Tether and Bitfinex CEO Paolo Ardoino. Ardoino hinted at $1 trillion capitalization as the next milestone for his major product.

As of press time, Ethereum ($ETH) capitalization is sitting at $303 billion. As such, to flip the second blockchain, $USDT still needs a 100% rally - even if the $ETH price remains stagnant.

The Ethereum ($ETH) price has been heavily criticized in this cycle for its underperformance.

Besides reaching a new capitalization high, U.S. Dollar Tether ($USDT) hit another major milestone yesterday. As covered by U.Today previously, $USDT sees its Tron-based version exceeding the Ethereum-based one by market cap.

For the first time ever, Tron (TRX) has become the dominant $USDT blockchain thanks to fast operation speeds and lower on-chain comissions.

Stablecoin segment targets $250 billion cap as crypto recovers

Minor implementations of Tether - such as Solana-, Avalanche- and TON-based stablecoins, are still responsible for a negligible share of the $USDT supply.

$USDC by Circle, the second largest stablecoin, hit a $60 billion capitalization. That said, the stablecoin segment remains pretty concentrated, with $USDT, $USDC and USDe being responsible for over 90% of the net stablecoin cap.

Even with these rocketing metrics, the aggregated value of all stablecoins is 8x lower than that of Bitcoin ($BTC), the largest cryptocurrency.

Bitcoin ($BTC) is changing hands at $103,800 as of press time, down 0.3% in the last 24 hours.