Tether (USDT), the largest stablecoin by trading volume, has reclaimed third place in the ranking of digital assets by market capitalization. USDT surpassed XRP after its market cap received a $0.6 billion boost. Concerns about Tether's noncompliance with regulations led to the shutting down of its Euro Tether stablecoin, but market participants seem to be embracing the stablecoin again as it has regained its peg to the U.S. dollar. Tether recently received a digital asset license to operate in Abu Dhabi, showing its determination to maintain its leading role in the digital asset space. The next few weeks will indicate if XRP's price can surpass USDT again.



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