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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

  1. Jun 29, 20266· this story
    USDT Overtakes Ethereum in Market Capitalization

    USDT overtaking ETH market cap confirmed in additional reporting today.

  2. Jun 28, 20265
    USDT 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.

  3. Jun 26, 20267
    Tether USDT Market Cap Surpasses Ethereum at $186B

Sources · 1