Many people are hyped about the ETH/BTC flippening but I think the USDC/USDT flippening event is just as important.

It’s actually happening right before our eyes right now. USDC’s growth in market cap is much higher than Tether’s.

So while USDT still has a larger market cap than USDC, it won’t stay like that for long (most probably end of this year if USDC maintains this pace of growth)

The prospect of USDC flipping USDT as the major stablecoin currency in the crypto market is one of the most important.

It would mark the slow but imminent decline and eventual downfall of Tether, the largest scam in the crypto market that still operates despite all the shady shit it does.

This might also make way for more stablecoins with actual backing and auditing like UST, EURST and BUSD to overlap USDT pretty soon.