USDT market cap surpasses Ethereum to become the second-largest cryptocurrency
2026-06-26 06:11
Odaily reports that Tether stablecoin USDT has reached a market cap of $186 billion, surpassing Ethereum to become the second-largest cryptocurrency by market capitalization. Ethereum's market cap fell below $185 billion after its price dropped 5.2% in 24 hours, with the price briefly dipping to $1,510.
The current market cap of stablecoins accounts for nearly 15% of the total cryptocurrency market cap. 21Shares stated that stablecoin supply once declined by over 30% during the previous bear market but has now hit an all-time high in this cycle. Circle's USDC market cap has also surpassed Ripple's XRP; XRP's market cap has dropped to $64 billion, while USDC's market cap stands at $73.6 billion. (Cointelegraph)
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