USDT Hits 534M Users as Crypto Shrinks

[chainsniff]

USDT, USDC, and USDe Market Cap Performances. Source: TradingView

While the broader crypto market has fallen more than 30% since October 2025, Tether’s USDT keeps growing.

According to Tether’s Q4 2025 report, USDT surpassed 534 million users, adding over 35 million in the quarter alone — its eighth straight quarter of adding more than 30 million users. Market cap climbed to $187.3B, even as several competing stablecoins contracted.

Tether says the growth is being driven less by speculation and more by real-world use cases like savings, payments, and cross-border transfers — a sign that stablecoins are increasingly acting as crypto’s default “risk-off” asset.

#USDT #Stablecoins #CryptoMarkets #Payments

[etfs]

people keep waiting for a “stablecoin rotation” but usdt just keeps absorbing everything