company

Tether

Issuer of the USDT stablecoin

Crypto · 20 Oct 2026Tether loses $4.6 billion in exchange holdings as rivals gain via incentive deals

Tether's USDT stablecoin lost $4.6 billion in supply across 19 major cryptocurrency exchanges and lenders during the third quarter of 2026, as rivals including Circle's USDC and Ripple's RLUSD gained ground through incentive programs that reward platforms and customers for holding their tokens.