Tether Briefly Overtakes Ethereum As Stablecoin Market Cap Tops ETH During Sell-Off

Tether briefly overtook Ethereum by market capitalization on June 26, according to the validated discovery pack, as ETH sold off into the $1,500 to $1,600 range and stablecoin supply remained comparatively steady. The crossover was temporary, but the symbolism was hard to ignore: during one of the market’s sharpest risk-off sessions, crypto’s largest stablecoin briefly moved ahead of Ethereum.TL;DRTether briefly flipped Ethereum by market capitalization during the June 26 sell-off.US