USDT added roughly 1.6 million new holders over the past week, dwarfing USDC’s 591,100 new holders, a nearly 3-to-1 ratio. Tether’s cumulative holder count crossed 650 million by the end of Q2 2026, with quarterly additions consistently topping 30 million users. USDT’s market cap sits at approximately $183 billion, about 2.5 times larger than USDC’s $72-74 billion range. Tether posted approximately $1.5 billion in net operating profit for Q2 2026, backed by excess reserves of around $4.1 billion. This growth continues even as the broader stablecoin market has cooled from its May 2026 peak.
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