Tether’s USDt flipped Ether to become crypto’s second-largest asset by market cap as ETH fell towards $1,500 in a broad crypto selloff.

Tether's USDT stablecoin surpassed Ethereum in market cap at $186 billion, marking a historic first as investors increasingly favor liquidity over

Tether’s USDt flipped Ether to become crypto’s second-largest asset by market cap as ETH fell towards $1,500 in a broad crypto selloff.

Tether's USDT briefly overtook ether by market cap at $186.06 billion, the first flip in about eight years, as issuance rose and ether's price fell.

Tether's USDT has narrowed the gap with ether for the No. 2 crypto market-cap spot to a fraction of a percent, briefly overtaking it in June as supply rose and ether fell.