USDT Could Overtake Bitcoin and Ethereum as Stablecoins Expand

Stablecoins surpass $307 billion, and USDT could overtake Bitcoin and Ethereum, reshaping crypto leadership.

2026-02-12

Tether’s USDT is the industry’s third-largest cryptocurrency by market cap.
Analyst predicts it may soon overtake Bitcoin and Ethereum.
The most enduring trend in cryptos is Tether flippening everything.
There are only two left: Bitcoin and Ether.

Tether will eventually ‘flippen’ Bitcoin in my view, currently that would be around $10,000.
McGlone’s prognosis suggests USDT would need to grow by a factor of seven to outpace Bitcoin.
Stablecoins are worth more than $307 billion — a rise of nearly 50% since January 2025, according to data from DefiLlama.
Circle’s USDC, the market’s second-largest stablecoin, has risen more than 30% since this time last year.

As much as 60% of USDT’s use is for commodity trading, remittances, cross-border payments, and invoice settlement.
A major analyst says USDT would need sevenfold growth to overtake Bitcoin, illustrating the scale of the challenge.
The same view implies the flippening could reshape the crypto hierarchy.
One projection places the flippening around a Bitcoin price near $10,000.