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cryptoJun 26, 2026, 9:16 AM

USDT Surpasses Ethereum in Fully Diluted Valuation

Tether's USDT has overtaken Ethereum in fully diluted valuation, reaching $191.5 billion vs $188.1 billion, according to CoinGecko.

USDTETH

According to CoinGecko data, Tether's USDT stablecoin has surpassed Ethereum in fully diluted valuation (FDV). USDT's FDV now stands at $191.5 billion, compared to Ethereum's $188.1 billion.

However, in terms of market capitalization, USDT remains slightly below ETH: $186.1 billion versus $188.1 billion. The FDV metric reflects the potential market cap if all tokens were fully diluted, including those not yet in circulation.

Source: ForkLog