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Tether's USDT adds 1.6M holders in a week, nearly tripling USDC's growth amid stablecoin market cooling.

Market News
23 Aug 2026
Crypto Briefing
View Source
Bullish
Tether's USDT adds 1.6M holders in a week, nearly tripling USDC's growth amid stablecoin market cooling.

Tether's stablecoin USDT gained about 1.6 million new holders last week, significantly outpacing USDC's 591,100 new holders, showing stronger adoption despite a cooling stablecoin market. USDT's market cap is around $183 billion, about 2.5 times larger than USDC's $72-74 billion. USDT's growth is driven by demand in emerging markets seeking dollar liquidity, while USDC is favored in regulated markets and by institutional users due to its compliance focus. Tether's $4.1 billion in excess reserves and $1.5 billion Q2 profit bolster confidence amid ongoing market shifts.

More News (USDT)

Polkadot (DOT) jumps 10.93% after cutting token issuance and greenlighting dotUSD stablecoin

Polkadot (DOT) jumps 10.93% after cutting token issuance and greenlighting dotUSD stablecoin

Polkadot's (DOT) price surged 10.93% to $1.27 following a major reduction in its annual token issuance by 53.6%, lowering the supply growth and capping total supply at 2.1 billion DOT. Additionally, governance approval for dotUSD, an over-collaterali...

Protocol Fundamentals
Bullish
9 hours ago
TRON leads with 23% of stablecoin card spending at $998M in Q3 2026

TRON leads with 23% of stablecoin card spending at $998M in Q3 2026

In Q3 2026, stablecoin card spending reached $4.31 billion, with TRON processing the largest share at $998 million, or 23.2% of the total. This growth reflects TRON's role as a key liquidity and settlement layer for USDT, a popular stablecoin. While ...

Market News
Bullish
10 hours ago
Ethereum leads stablecoin supply growth with $243M added in a week across Ethereum, Arbitrum, and Base.

Ethereum leads stablecoin supply growth with $243M added in a week across Ethereum, Arbitrum, and Base.

Stablecoin supply on Ethereum, Arbitrum One, and Base increased by $403.1 million over a week in October 2026, with Ethereum contributing the largest share of $243 million. Ethereum now holds about 47-48% of the total on-chain stablecoin supply, maki...

Market News
Neutral
1 day ago
Tether briefly froze $1.45M USDT in THORChain vaults, halting Tron swaps before reversing freeze hours later

Tether briefly froze $1.45M USDT in THORChain vaults, halting Tron swaps before reversing freeze hours later

On October 9, 2026, Tether blacklisted four THORChain vault addresses on the Tron network, freezing about 1.45 million USDT and stopping THORChain's Tron-based cross-chain swaps. The freeze lasted roughly three hours before Tether removed the blackli...

Market News
Bearish
1 day ago
$1.07M in Ether moved to Tornado Cash from $90M Ledger distributor hack wallets

$1.07M in Ether moved to Tornado Cash from $90M Ledger distributor hack wallets

Wallets linked to a $90 million Ledger distributor hack transferred 430.2 ETH (about $1.07 million) to Tornado Cash on Oct. 9, following Tether freezing related funds. The operators also swapped some USDT for USDD and moved part of the assets to a Bi...

Market News
Bearish
1 day ago
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