Tether (USDT) Overtakes Ethereum in Market Cap for the First Time: Here’s Why

The post Tether (USDT) Overtakes Ethereum in Market Cap for the First Time: Here’s Why appeared first on Coinpedia Fintech News For the first time in years, the crypto rankings experienced a major shake-up.

Tether’s USDT briefly overtook Ethereum to become the second-largest cryptocurrency by market capitalization. At the peak of the crossover, USDT’s market cap climbed to approximately $186.06 billion.

It narrowly surpassed Ethereum’s valuation of around $185.66 billion as ETH traded in the $1,500-$1,600 …