Tether Adds 35 Million Users as Crypto Market Loses One-Third of Its Value

Despite a sharp downturn across the cryptocurrency market, Tether’s USDT stablecoin continues to expand its global user base. New data shows that USDT added 35 million users in the fourth quarter of 2025, even as the total crypto market capitalization dropped by more than one-third over the same period.

This contrast highlights the growing role of stablecoins during periods of extreme market volatility.

USDT Adoption Grows During Market Stress

By the end of Q4 2025, the total estimated number of USDT users reached over 534 million, including both on-chain wallet holders and users on centralized platforms. This marks the eighth consecutive quarter in which Tether added more than 30 million users.

On-chain data shows particularly strong growth. Wallet holders increased significantly, with many users choosing to hold rather than spend their USDT. This behavior suggests that stablecoins are increasingly being used as a digital alternative to cash, especially when riskier crypto assets decline.

Monthly active USDT users also accounted for the majority of all stablecoin activity, reinforcing Tether’s dominant position in the sector.

Why USDT Keeps Growing

This video explains how Tether’s USDT continues to attract users worldwide, even as the broader cryptocurrency market faces sharp corrections.

Strong Reserves Support Confidence

Tether’s growth has been supported by rising reserves, including large holdings of U.S. Treasuries, Bitcoin, and gold. These reserves help maintain confidence in USDT during periods of heightened market fear.

While other cryptocurrencies saw steep declines after the October 2025 liquidation wave, USDT’s supply and usage continued to rise, outperforming rival stablecoins.

Why This Matters

As investors seek safety during turbulent markets, stablecoins like USDT are becoming essential tools for preserving value, moving liquidity, and staying active in crypto without excessive exposure to volatility.

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