Tether's USDT Outpaces Rival USDC in New User Growth

Tether's USDT has continued to outpace its rival, USDC, in terms of new users. Over the past week, USDT added roughly 1.6 million new holders, dwarfing USDC's 591,100 new holders during the same stretch. This nearly 3-to-1 ratio highlights where stablecoin adoption is currently happening.

The broader stablecoin market has cooled from its May 2026 peak, but Tether's user base keeps expanding. The company's cumulative holder count crossed 650 million by the end of Q2 2026, with quarterly additions consistently topping 30 million users.

Tether's market cap sits at approximately $183 billion as of mid-August 2026, while USDC ranges between $72 billion and $74 billion. This means USDT is about 2.5 times larger than its closest competitor by total supply.