Tether’s USDT Flips Ether in Market Cap as Stablecoin Climbs to $186 Billion
Key Takeaways USDT briefly passed ether by market cap at about $186.06B versus $185.66B, the first time in roughly 8 years. Tether’s issuance-driven growth met a falling ether price near $1,500, closing a gap that had narrowed for months. Ether subsequently reclaimed second place as prices firmed, but USDT’s continued rise reflects stablecoins’ growing dominance…