Tether's USDT Overtakes Ethereum as Second-Largest Crypto by Fully Diluted Valuation

Tether's USDT has surpassed Ethereum in fully diluted valuation after ETH dropped 5.5% over the past 24 hours.

According to CoinGecko, USDT's FDV has risen to $191.521 billion, exceeding Ethereum's $187.532 billion. The shift moves USDT into the second spot by FDV, behind only Bitcoin.

Source: CoinGecko