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Tether stablecoin flips Ether by market cap as ETH routs to $1.5K
Tether's stablecoin has surpassed Ether in market capitalization, and Ether's price has dropped to $1.5K. Ether prices are currently back at crucial long-term support levels.
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Adjacent reporting
- Tether Asserts Stablecoin Dominance Over Circle's USDC Amid Major Crypto Hacks
- Yields on stablecoins is the best way to onboard more TradFi users into DeFi.
- The Sunset of Bitcoin? Stablecoins Rise to Dominance in LATAM and Africa
- The stablecoin market has got too stable
- At $322 billion, the stablecoin market value exceeds the FX reserves of 95 nations
- The stablecoin market tripled from $100B to $300B in one year. Analysts project it could hit $900B by 2030.