Tether Releases Q4 Report: USDT Data Sets Multiple New Records in Q4 2025

BlockBeats News, February 5 — According to Tether’s Q4 report, USDT reached multiple new highs in Q4 2025:

· Market capitalization reached $187.3 billion

· Achieved over 30 million new users for the eighth consecutive quarter

· On-chain wallet holdings of USDT saw the largest single-quarter increase

· Monthly active on-chain users hit a record high · On-chain transfer frequency and value both reached all-time highs

USDT’s market cap grew by $12.4 billion in Q4 2025, reaching $187.3 billion. Month-over-month growth in October was 4.9%, followed by a slowdown due to the impact of the October 10 liquidation storm.

Tether’s total reserves increased by $11.7 billion in Q4, reaching $192.9 billion, with a net asset value (assets exceeding liabilities) of $6.3 billion. Total reserves include 96,184 BTC (an increase of 9,850 BTC in Q4) and 127.5 metric tons of gold (an increase of 21.9 metric tons in Q4).

In Q4 2025, the estimated total number of USDT users grew by 35.2 million, reaching 534.5 million — marking the eighth consecutive quarter with user growth exceeding 30 million.