Why Tether is forecast ‘flippening everything’ as Bitcoin and Ethereum prices tumble

Tether’s stablecoin will soon topple both Bitcoin and Ethereum as the most valuable cryptocurrency, according to an analyst. Mike McGlone, a senior commodity strategist at Bloomberg Intelligence, said on Wednesday that it’s only a matter of time before USDT, the world’s biggest stablecoin, will overtake the two leading digital assets. “The most enduring trend in cryptos is Tether flippening everything,” McGlone said on Wednesday. “There are only two left: Bitcoin and Ether.” His comments highlight how ...