Tether's USDT Briefly Surpassed Ethereum Market Cap Near $187B

Earlier this week, Tether's USDT briefly moved ahead of Ethereum by market capitalization, with trackers placing both assets in the $183–188B band during the crossover. One snapshot showed USDT at $187B versus ETH at $186B, a gap of under $1B, before Ethereum returned to second place as prices stabilized. The episode reflected continued USDT issuance alongside ongoing ETH price weakness rather than a sudden supply change on Ethereum.