USDT Grows Even as Scrutiny Intensifies

[chainsniff]

Despite ongoing controversies, Tether’s USDT just hit a record $187B market cap, adding over $12B during a broader crypto downturn.
Network usage surged alongside it: 24.8 million active wallets, $4.4 trillion in quarterly transfer volume, and 2.2 billion transactions—all new records.

At the same time, blockchain researchers continue linking large USDT flows to sanctions evasion and high-risk addresses, particularly on Tron. The result is a paradox: USDT is both the most widely used dollar proxy in crypto and the most closely watched.

Scale, it turns out, brings both dominance and relentless oversight.

[lingriiddd]

$187b market cap during a downturn is kind of insane actually