Tether’s USDT Wallets Reach 109 Million, Rivaling Major Cryptos’ User Base
- USDT wallets have surged to 109 million, nearly matching Ethereum’s user base and surpassing Bitcoin’s.
- Retail users are the primary drivers, with over 50 million wallets holding less than $1,000 in USDT.
- Tether commands 97.5% of the stablecoin supply across 25 blockchains, dominating its competitors.
- The stablecoin’s popularity increased post-FTX collapse, reflecting a shift towards self-custody solutions.
Tether’s USDT stands out due to its accessibility, especially for unbanked users. With 18.7 million wallets holding less than $1, it highlights the stablecoin’s role as a financial bridge for modest means, reinforcing its reliability amidst market upheavals.
The rapid growth of Tether’s user base underscores a broader shift in cryptocurrency preferences, signaling a potential future where stablecoins play a central role in digital finance, offering resilience and accessibility in uncertain markets.
