Tether’s stablecoin USDT reached a market capitalization of $186 billion, surpassing Ethereum to become the second-largest cryptocurrency by market value. According to Odaily, Ethereum’s market cap fell below $185 billion after its price dropped 5.2% over the past 24 hours, with ETH briefly declining to $1,510.
Stablecoins currently account for nearly 15% of the total cryptocurrency market capitalization. 21Shares said stablecoin supply fell more than 30% during the previous bear market, but has reached a record high in the current cycle.
Circle’s USDC also surpassed Ripple’s XRP by market capitalization. XRP’s market cap fell to $64 billion, while USDC’s market cap stood at $73.6 billion.
Tether’s USDT Market Cap Reaches $186 Billion, Overtaking Ethereum for No. 2 Spot
2026-06-26 06:33:54
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Alex Mashinsky-Linked Wallets Sell 17,598 ETH for 27.24 Million USDS, Onchain Lens ReportsNext article：
棕榈油因出口增加及印度需求预期上涨
