Tether loses nearly $5 billion across crypto exchanges as USDC and RLUSD rivals pay to win liquidity

CryptoSlate · Mon, 19 Oct 2026 16:40:09 GMT

Hype 52/100 · Market impact 25/100 · Breaking 48/100

Tags: USDT, USDC

Crystal’s selected cohort cut its USDT balances in the third quarter, while Allium assigned 84% of January–September 2026 classified payment value to USDT.

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