Bloomberg Intelligence strategist Mike McGlone forecasts that Tether (USDT), a dollar-pegged stablecoin, is likely to overtake Bitcoin as the largest cryptocurrency by market value. He highlights the growing dominance of stablecoins reshaping the crypto market and notes Tether's recent rise above Ethereum in market capitalization. McGlone also warns of a potential Bitcoin price collapse to $10,000 amid a broader market deleveraging and expects a downturn in commodities like crude oil due to stock market corrections. This signals a significant shift in crypto dynamics, with stablecoins gaining prominence over speculative tokens like Bitcoin.
XRP, Ripple's native token, has fallen 43% year-to-date, hitting an annual low near $1.01 amid a broader crypto market correction. Despite Ripple's ongoing efforts to integrate XRP Ledger into global finance, the token underperforms against competito...
Tether's USDT stablecoin briefly overtook Ether to become the second-largest cryptocurrency by market capitalization, reaching about $186.06 billion compared to Ether's $185.66 billion. This rare flip was driven by increased USDT issuance and a falli...
Bitcoin experienced significant capital outflows as traders moved funds into stablecoins like USDT and USDC, as well as fiat currencies including USD, BRL, and TRY. This shift indicates a defensive market stance, with investors seeking liquidity and ...
Tether's USDT stablecoin briefly overtook Ethereum in fully diluted valuation as ETH prices fell to their lowest in 2026, highlighting strong demand for stablecoins even during crypto market downturns. USDT's valuation reached about $191.5 billion, s...
USDT0, Tether's omnichain stablecoin launched in January 2025, has surpassed $100 billion in cumulative cross-chain transaction volume within 525 days. Built on LayerZero's Omnichain Fungible Token standard, USDT0 enables seamless transfers across ov...
