USDt Stablecoin Overtakes Ethereum in Market Cap for the First Time, Taking Second Place in Cryptocurrency Rankings



Tether (USDt) has overtaken Ethereum in market cap, taking second place in the cryptocurrency rankings for the first time. This occurred as Ethereum's price fell to $1,510 on Coinbase, marking its 2026 low.

Ethereum's market cap fell below $185 billion after a 5.2% price decline in a day. USDt's market cap, meanwhile, stands at $186 billion, enough to propel the stablecoin into second place. According to CoinGecko, this is the first time such a ratio between the two assets has been observed.

This development fits into a broader trend: stablecoins already account for almost 15% of the total cryptocurrency market capitalization. During the previous bear market, their supply declined by more than 30%, but they are now reaching record levels. 21Shares analysts call this "the strongest evidence yet that stablecoins are one of crypto's key applications: demand that is no longer dependent on market cycles."

#btc #usdt #usdc #xrp #ltc $GT $ETH $SOL
GT1.39%
ETH0.72%
SOL3.24%
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deltapro
· 4h ago
USDT Banned in Europe. What to Do Now?

MiCA requirements will come into full effect in the EU on July 1st, potentially significantly changing the operation of crypto exchanges and stablecoins.

What will happen to USDT? Which platforms will be affected by the restrictions? How can you prepare to avoid problems when working with crypto?
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