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Tether Regains Ground, Surpasses XRP in Market Cap

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Cryptocurrency News

Tether,USDT,XRP

USDT has reclaimed its position as the third-largest cryptocurrency by market capitalization, surpassing XRP. This comes after concerns surrounding Tether's compliance with European regulations and the delisting of its Euro Tether (EURT) stablecoin. The stablecoin has witnessed a surge in market volume and its price has stabilized near the U.S. dollar peg.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.

However, despite the delisting of USDT on Coinbase, concerns among market participants on Tether appear to have faded away. Investors are now embracing the stablecoin, as evidenced by its significant surge in market volume of 12.93% to $76.9 billion., USDT has regained interest in the broader crypto space, soaring to $1.0088. Per the current outlook, the stablecoin has regained its lost peg to the U.S. dollar.

The next couple of weeks will determine if the sentiments of the incoming new administration in the U.S. can support XRP’s price to flip USDT again. Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.

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