@thevisor
# **XRP Overtakes USDT, Returns to Become the Third Largest Crypto in the World**
XRP has again made history by surpassing the stablecoin Tether (USDT) to become the third largest cryptocurrency by market capitalization, Friday (03/11). According to CoinGecko, XRP's market capitalization value has soared to US$138.86 billion, surpassing USDT which has fallen by US$1.6 billion since December 30.
The decline in USDT's market capitalization is thought to be related to the implementation of strict regulations in the European Union through the Markets in Crypto-Assets Regulation (MiCA). This regulation requires stablecoin issuers to have full reserves and operating licenses in the European Union.
Still, Tether remains the stablecoin market leader with a 67.21% share of the $204 billion market, according to DefiLlama data. Despite its declining market share, USDT users grew 11.7% in December, with a significant increase in activity on the Tron network.
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