Svmuu News Tether The stablecoin USDT has reached a market capitalization of $186 billion, surpassing Ethereum to become the second-largest cryptocurrency by market capitalization. Ethereum The market cap fell below $185 billion after a 5.2% price drop over 24 hours, with the price briefly dipping to $1,510.
The current market capitalization of stablecoins accounts for nearly 15% of the total cryptocurrency market cap. 21Shares noted that while the stablecoin supply fell by more than 30% during the last bear market, it has reached an all-time high in the current cycle. Circle The market capitalization of its USDC has also surpassed that of Ripple’s XRP; XRP’s market cap has fallen to $64 billion, while USDC’s stands at $73.6 billion. (Cointelegraph)
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USDT's market capitalization has surpassed that of Ethereum, making it the second-largest cryptocurrency
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