Tether’s 2025 Takeover: Inside the $170B Stablecoin Shaking Up Global Finance
Tether’s Growing Dominance in 2025 A $170+ Billion Juggernaut: In October 2025, Tether’s USDT stands firmly as the world’s largest stablecoin by a wide margin. Its market capitalization tops $169–173 billion (pegged 1:1 to USD) reuters.com reuters.com, an all-time high that signals surging demand. This is more than double its size at the start of 2024 coinlaw.io, reflecting a massive inflow of capital into USDT as crypto markets rebounded. Tether now represents well over half of all stablecoin value globally dlnews.com. (By comparison, the second-largest stablecoin, Circle’s USD Coin (USDC), has a market cap under $60B weforum.org.) The sheer scale