Tether Q4 2025: USDT market cap hit $187.3B, marking the 8th straight quarter of 30M+ user growth. Reserves rose to $192.9B (including 96,184 BTC, 127.5 tons of gold, $141.6B U.S. Treasuries). Despite the Oct. 2025 liquidation shock, USDT still grew 3.5%, while the #2 and #3