Tether Surpasses 350 Million Users, Celebrating a Decade of Unprecedented Growth
đš Milestone Alert! Tether, the powerhouse behind the USDT stablecoin, has officially surpassed a staggering 350 million users, marking a decade of rapid expansion since its launch in 2014. In just the past 12 months, Tether has seen a 24% increase in users, jumping from 282 million in 2023 to its current milestone. This meteoric rise is particularly striking compared to 2022, when the stablecoin issuer had around 141 million users.
Tetherâs dominance isnât just about user growthâit boasts the highest market capitalization of all stablecoins, standing at $119.6 billion according to CoinMarketCap. Its deep holdings in U.S. Treasuries (over $97 billion) further solidify its influence, making Tether one of the top 20 largest holders of U.S. Treasury billsâoutpacing nations like Germany and Australia. This places USDâź as a trusted digital representation of the U.S. dollar, bolstering the global reach of the world's reserve currency.
As part of its 10th-anniversary celebrations, Tether is set to release a documentary chronicling its transformative journey, featuring stories from individuals whose lives have been impacted by the stablecoin. With accelerating adoption rates, Tetherâs growth has been nothing short of remarkable, cementing its role as a key player in the crypto ecosystem.
To put this into context, a 2024 AAA study estimates that there are over 560 million cryptocurrency users worldwide, meaning that a significant portion of the global crypto community now relies on Tether. With its influence continuing to grow, Tether is poised to remain a dominant force in the ever-evolving world of digital finance.
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