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Tether’s dollar-pegged stablecoin USDt expanded to a record $187.3 billion market capitalization in the fourth quarter of 2025, even as the broader crypto market slid following October’s liquidation cascade.
According to its latest quarterly report, the USDt (USDT) market cap grew by $12.4 billion in Q4.
Data shows that USDt has been widening its dominance while competitors retreated.
After the major liquidation event on Oct. 10, the market cap of Circle’s USDC (USDC), the second-largest…
