6Institutional TransitionProgressed· since 2026-06-28Jun 29, 2026
USDT Overtakes Ethereum in Market Capitalization

Tether's USDT stablecoin surpassed Ethereum in total market capitalization, with USDT reaching approximately $186–191 billion while ETH prices remained near 2026 lows.
USDT overtaking ETH market cap confirmed in additional reporting today.
Story timeline · 3 days
- Jun 29, 20266· this storyUSDT Overtakes Ethereum in Market Capitalization
USDT overtaking ETH market cap confirmed in additional reporting today.
- Jun 28, 20265USDT Briefly Surpasses Ethereum in Market Cap
USDT flipping Ethereum in market cap, previously reported as a milestone at $186B, is now characterized as a warning sign with ongoing discussion of stablecoin dominance implications.
- Jun 26, 20267Tether USDT Market Cap Surpasses Ethereum at $186B
Sources · 1
- Crypto: USDT Overtakes Ethereum at the Top of the Marketcointribune.com · T2