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Guavy AI Editorial Team••Sentiment: -3•Clout: 72

Tether Surpasses Ether in Market Capitalization Amid Stablecoin Boom

USDTETHcoinbase

Ether's (ETH) market capitalization fell below $185 billion after a 5.2% drop over 24 hours, allowing Tether's (USDT) to overtake it for the second-largest spot by market capitalization.

According to TradingView data, ETH traded around $1,510 on Coinbase, its lowest level of the year.

Analysts framed the outcome as a reminder that traders and users are currently choosing stability over volatility, citing ongoing stablecoin demand which now represents almost 15% of total crypto market capitalization.