USDT’s market cap once surpassed ETH—are market funds moving from volatile assets to stablecoins?
On June 6, 2026, the crypto market saw a highly symbolic, momentary event. According to Gate market data, on that day the market cap of USDT issued by Tether was about $18.737 billion, while Ethereum (ETH), after its price fell to around $1,530, had a temporarily reported market cap of about $18.3 billion—briefly below USDT. This meant that for the first time, USDT surpassed ETH on a market-cap basis, rising to second place on the crypto asset market-cap ranking, behind only Bitcoin. This situat
GateInstantTrends·6h ago

