$BTC Tether Just Hit an Adoption Milestone No Stablecoin Comes Close To
Tether’s dominance just went nuclear. In Q4 2025, USDT monthly active on-chain users surged to an all-time high, officially cementing Tether as the undisputed king of stablecoins.
Here’s the stat that matters: USDT now accounts for a massive 68.4% of ALL stablecoin monthly active users. Not volume. Not supply. Actual users. From DeFi to CEXs to cross-border payments, USDT has become the default digital dollar for the crypto economy.
User growth has been relentlessly climbing quarter after quarter, signaling real adoption — not speculation. While competitors fight for relevance, Tether keeps absorbing the market quietly and efficiently, turning network effect into an unbreakable moat.
Is this peak dominance… or just the early innings of a global stablecoin monopoly? The data is screaming.