Tether USDt Achieves $187 Billion Market Cap in Q4 Amid Downturn

Despite a challenging crypto market, USDt surges to a historic $187.3 billion market cap, gaining $12.4 billion in Q4.

In the fourth quarter, Tether's USDt has experienced remarkable growth, achieving a market capitalization of $187.3 billion, a significant increase of $12.4 billion. This surge in value comes at a time when many competing stablecoins have struggled following the liquidation events that occurred in October.

Despite the overall downturn in the cryptocurrency market, USDt has seen a rise in both its user base and on-chain activity. This trend indicates that Tether is capitalizing on the challenges faced by its rivals, further establishing itself as a leading player in the stablecoin space.