Winter weather prevails in cryptocurrencies again and signals that tensions between Iran and the USA are increasing are hitting risk markets. USDT has just published its performance report for the last quarter of 2025. Many important details are included in the report. Let’s take a quick look at the important charts for the largest stablecoin by market cap.
USDT and After October 10
on October 10, 2025 crypto- The liquidation wave has significantly affected the growth rate of the stablecoin ecosystem. As cryptocurrency investors fled, of course, stablecoins also lost value. While total crypto market cap decreased by more than ⅓ between October 10, 2025 and February 1, 2026, USDt It has grown 3.5% since then. The second and third largest stablecoins lost 2.6% and 57% share respectively.
“USDt’s continued growth is driven by its diverse use cases beyond the crypto market, and data clearly shows that users prefer USDt to both store and transact their wealth.
The market value of USDt increased by $12.4 billion in the 4th quarter of 2025, reaching $187.3 billion. USDt, which recorded a monthly growth of 4.9% in October, moved to a slower growth rate after the crypto liquidation wave on October 10.” – Tether
The company’s total reserves increased by 11.7 billion dollars in the last quarter, reaching 192.9 billion dollars. Total reserves increased by 9,850 Bitcoins in the 4th quarter to 96,184 Bitcoins. The company increased its gold reserves by 21.9 metric tons to 127.5 metric tons. in treasury bonds He announced that he held $141.6 billion. If Tether were a country, it would be the 18th largest investor in US Treasuries, ahead of Saudi Arabia and Germany.
Tether On-Chain Data
Despite the brief FUD seen at the end of last year Tether He says the total number of users is increasing.
“The total estimated number of USDt users increased by 35.2 million to 534.5 million in Q4 2025, making Q4 the eighth consecutive quarter to gain more than 30 million users.”
According to on-chain data, the number of addresses holding USDT increased by 14.7 million to 139.1 million in the last quarter, the largest quarterly increase ever.
