USDT adoption hits 330 million on-chain wallets by Q3 2024.
Layer 2 chains like Optimism, Arbitrum, and TON are major contributors to user growth.
USDT’s user base grew 9% each quarter, with 36.25 million new users in Q3 alone.
Tether announced its stablecoin, USDT, saw a dramatic increase in its user base. By the end of Q3 2024, the network recorded 330 million on-chain wallets, solidifying its position in the digital asset market.
This milestone is a testament to the growing importance of USDT. To put this into perspective, the uptick in user adoption is comparable to the population of the United States. Furthermore, the user base is expanding rapidly, with an average quarterly growth rate of 9%. In Q3 2024 alone, USDT added over 36 million new users, making it the best-performing quarter yet for the stablecoin.
According to Tether’s latest insights, these on-chain wallet figures are a rough estimation, meaning the actual number of users is likely higher when considering the tens of millions using centralized platforms. This growth is fueled by USDT’s availability on multiple blockchains, with Tron, Binance Smart Chain, and Ethereum leading the way i…
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