USDT supply fell 1 billion: What it means for the Tether USDt price

Published on 10/25/2026 at 07:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Balances across 19 platforms were down 4.6 billion USD by October 1. Tether USDt price stands at 0.9994 USD on October 25, 2026.

Supply and oversight shape USDT

Mid-October 2026 brought a 1 billion USD decline in USDT supply, according to a dated report.
On October 8, 2026, a Senate request gave Cantor Fitzgerald an October 23, 2026 response deadline.
The Tether USDt price stands at 0.9994 USD as of October 25, 2026.

Tether USDt, XCRYPTOUSDT4, Illustration mit AI erstellt.

Tether USDt (USDT) had a 1 billion USD supply decline in mid-October 2026, according to a report published by Crypto Briefing on October 20, 2026. The Tether USDt price stands at 0.9994 USD as of October 25, 2026, according to Investing.com, while USDT remains designed to track the value of one U.S. dollar.

USDT supply fell during mid-October

Crypto Briefing reported that on-chain analytics firm CryptoQuant tracked a 1 billion USD decline in USDT market capitalization over five days in mid-October 2026. The same report said USDT balances across 19 major exchanges and lending platforms were down 4.6 billion USD between early July and October 1, 2026.

Supply refers to the amount of USDT in circulation. Tether issues tokens when authorized customers provide dollars and removes them when tokens are redeemed. That mechanism makes circulating supply a measure of demand for the stablecoin's liquidity, although the reported figures cover different periods and measures.

October 8 Senate request examined reserve ties

On October 8, 2026, Senator Richard Blumenthal asked Cantor Fitzgerald to preserve documents and answer questions about its relationship with Tether, according to The Token Press. The request covered reserve custody, sanctions controls, anti-money-laundering procedures and ownership interests connected with Tether.

The Token Press reported that Cantor Fitzgerald had until October 23, 2026, to respond. The request was described as congressional oversight rather than an enforcement action or a finding that Cantor or Tether had violated the law.

USDT market data remains near one dollar

Investing.com lists USDT at 0.9994 USD as of October 25, 2026. Its daily high is 0.9995 USD and its daily low for the UTC day is 0.9989 USD. Investing.com lists a market capitalization of 182.41 billion USD, ranking USDT third, with 51.59 billion USD in 24-hour volume and 182.64 billion USDT in circulating supply. The Tether USDt price therefore remains close to its one-dollar target; these figures are according to Investing.com.