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Tether Releases Q4 Report: USDT Data Hits All-Time Highs in Q4 2025

6 days ago

On February 5, Tether released its Q4 2025 report, showing USDT hit multiple all-time highs during the quarter: - Market cap reached $187.3 billion - 8th straight quarter of over 30 million user growth - Largest single-quarter increase in on-chain USDT wallet counts - Monthly active on-chain users hit an all-time high - On-chain transfer count and value both set records USDT’s market cap rose $12.4 billion in Q4 2025 to $187.3 billion—up 4.9% month-over-month in October before growth slowed due to the October 10 clearing storm. Tether’s total reserves increased $11.7 billion in the quarter to $192.9 billion, with net assets (assets exceeding liabilities) of $6.3 billion. Reserves include 96,184 Bitcoin (up 9,850 quarter-over-quarter) and 127.5 metric tons of gold (up 21.9 metric tons QoQ). USDT’s estimated total user base grew 35.2 million in Q4 2025 to 534.5 million—marking the 8th consecutive quarter of user growth topping 30 million.
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