7Institutional TransitionNewJun 26, 2026
Tether USDT Market Cap Surpasses Ethereum at $186B
Tether's USDT stablecoin surpassed Ethereum in total market capitalization, reaching $186 billion as ETH prices fell to approximately $1,500. The milestone marks the first time a stablecoin has exceeded Ethereum's market cap.
Story timeline · 3 days
- Jun 29, 20266USDT 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, 20267· this storyTether USDT Market Cap Surpasses Ethereum at $186B
Sources · 2
- Tether surpasses Ethereum in market cap, reaching $186Bcryptobriefing.com · T2
- Tether stablecoin flips Ether by market cap as ETH routs to $1.5Kcointelegraph.com · T1