Stablecoin Tether (USDT) is back among the top three cryptocurrencies. This article explores how USDT surpassed XRP and the factors influencing this change.
Tether USDT Metrics
USDT now holds a market capitalization of $137.22 billion, outpacing XRP's $136.62 billion. The increase in USDT's capitalization is attributable to improved sentiment in the crypto community, despite some uncertainty surrounding the company's compliance with new European regulations.
Tether's Resilience amid MiCA
With fear and uncertainty surrounding Tether diminishing, USDT has stabilized its position. Tether also received a digital asset license to operate in Abu Dhabi, showing its commitment to expanding into new markets. The company's CEO, Paolo Ardoino, assures that no amount of panic can derail Tether's success.
The Future of Tether
The coming weeks will reveal whether XRP can surpass USDT in market capitalization again, depending on the impact of the new U.S. administration on the crypto market.
Tether continues to maintain its market position despite previous regulatory compliance challenges. As the market expands, positive changes within the company may support its long-term success.
