USDT: Tether registers a record on-chain activity in the fourth quarter of 2025
The year 2025 ended with a marked contrast in the digital ecosystem: while the global cryptocurrency market experienced a significant correction, Tether's USDT recorded uncorrelated growth, driven by unprecedented on-chain activity. This resilience, evidenced by a record market capitalization and a constantly expanding user base, confirms the transformation of the stablecoin, which, beyond its initial function as a trading tool, now solidifies as a true global financial infrastructure. Key data analysis for this fourth quarter.
In brief
USDT shows unique resilience with a record market capitalization of $187.3 billion, an increase of 3.5%.
On-chain activity is reaching historical levels, with $4.4 trillion transferred and predominantly used in daily and retail transactions.
USDT continues its global expansion with over 30 million new users and a clear dominance in stablecoin wallets.
Tether's reserves are growing significantly, combining gold, bitcoin, and US debt to the point of becoming a leading geopolitical player.
Financial resilience amid market correction
The fourth quarter of 2025 will be remembered for the wave of liquidations that occurred on October 10. This event triggered a significant contraction, wiping out more than a third of the total market capitalization of cryptocurrencies by early February 2026. However, amidst this turbulence, USDT stood out as an exception.
$USDT