Tether (USDT) Overtakes XRP in Market Cap
- Stablecoin
- Market Structure
Tether (USDT) surpassed Ripple (XRP) to become the third-largest cryptocurrency by market cap on May 11, a significant shift in the stablecoin wars. This move highlighted USDT's growing dominance amid rising demand for stable assets during volatile markets. CT buzzed about Tether's controversial history with reserves, with some speculating on the implications for XRP's relevance. The event marked a milestone in stablecoin adoption despite lingering trust issues.