XRP has regained its position as the third largest cryptocurrency by market cap and trails only Bitcoin and Ethereum.

according to Data From crypto.news, XRP The market capitalization is approaching the threshold of $140 billion. The token is already $2 billion more valuable than... Stable coin Source pregnancy Which has a market value of about $137 billion.

XRP has gained nearly 15% over the past seven days and is up nearly 350% over the past year.

The last ripple pool Continuing for the past three days. This increase can be linked to Ripple Labs' recent release of a US dollar-backed stablecoin, Ripple USD (RLUSD), which was launched last December.

There is also speculation that Securities and Exchange CommissionThe XRP company, headed by pro-crypto CEO Paul Atkins, may approve an XRP exchange-traded fund. yet, Tree of wisdom and Bitwise Among the companies competing to launch an XRP-based fund.

As XRP gained momentum, Tether's market cap fell by $1.6 billion, coinciding with the launch of EU markets to regulate crypto assets. On January 2, Tether lost 1.2% of its market value after that Mika It became effective on December 30.

Tether has yet to recover from its peak of $140 billion. On December 13, Coinbase Announce This will remove Tether from their listings due to the stablecoin not complying with MiCA regulations.

However, some experts believe that Tether could still make a comeback. Nearly 80% of USDT trading volume comes from Asia, according to Previous reports Powered by crypto.news. This dominance in the Asian market could help Tether offset its losses in the EU by boosting trading activity in the region.