Tether Drives Crypto Borrowing to Record $44 Billion High

Tether’s dominance in crypto borrowing has reached new heights, exceeding $44 billion in Q2 2025. This surge in debt reflects the growing demand for stablecoins and transparent financial solutions within the cryptocurrency market. Tether has been instrumental in fueling this expansion due to its significant lending activities coupled with a rise in USDT issuance. BDO’s verification of Tether’s reserves further underlines this growth.