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KLEA Crypto Daily: Monday, September 14, 2026
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Tether's USDT Surges with 1.6 Million New Holders in One Week
Tether's stablecoin, USDT, has gained approximately 1.6 million new holders in the past week, significantly outpacing its competitor USDC, which added around 591,100 holders during the same period. This nearly threefold increase highlights Tether's continued dominance in user adoption within the stablecoin market, even as the overall market has seen a contraction since its peak in May 2026.
As of mid-August 2026, Tether's market capitalization stands at approximately $183 billion, making it about 2.5 times larger than USDC, which ranges between $72 billion and $74 billion. Tether's cumulative holder count surpassed 650 million by the end of Q2 2026, with quarterly additions consistently exceeding 30 million users. The company's strong financial position, including a net operating profit of about $1.5 billion for Q2 2026 and excess reserves of around $4.1 billion, bolsters user confidence in its stability.
While USDC has been favored in regulated markets and has led in on-chain transaction volume due to its compliance-first approach, Tether's growth is primarily concentrated in emerging markets. In regions facing currency instability, USDT serves as a vital source of dollar-denominated liquidity, functioning as a parallel financial system. This divergence in user bases illustrates the different strengths of each stablecoin in the current market landscape.
Source: KLEA News