Odaily Planet News: Tether released its fourth quarter (Q4) 2025 report, with multiple core data points of USDT setting new historical records. The report shows that the market value of USDT increased by $12.4 billion in Q4, reaching $187.3 billion; the number of monthly active on-chain users, the number of transactions, and the transaction amount all set new historical records during the quarter, and the number of wallets holding USDT on the chain also recorded the largest single-quarter increase.
In terms of user scale, USDT added approximately 35.2 million new users in the fourth quarter of 2025, with the estimated total user base increasing to 534.5 million, achieving a seasonal user growth of over 30 million for the eighth consecutive quarter.
In terms of reserves, Tether's total reserves increased by $11.7 billion in the fourth quarter, reaching $192.9 billion, with net assets of approximately $6.3 billion. Reserve assets include 96,184 bitcoins (an increase of 9,850 during the quarter) and 127.5 metric tons of gold (an increase of 21.9 metric tons during the quarter). The report noted that the market capitalization of USDT increased by 4.9% in October, but the growth rate slowed down afterward due to a liquidation storm on October 10.