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Tether USDt hits record $187B market cap in Q4 despite crypto downturn

USDt added $12.4 billion in Q4 to reach a $187.3 billion market cap, increasing users and onchain activity even as rival stablecoins declined after October’s liquidation event.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Tether USDt hits record $187B market cap in Q4 despite crypto downturn

USDt added $12.4 billion in Q4 to reach a $187.3 billion market cap, increasing users and onchain activity even as rival stablecoins declined after October’s liquidation event.

Why this matters

Tether is showing up inside the Stablecoins theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.

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