The third quarter of 2024 was record-breaking for USDT

In the third quarter of 2024, a new record was set for the number of newly registered accounts in USDT — their number reached 36 million.

Since May, the company Tether has started to issue stablecoins monthly, and in October, the issuance volume amounted to 768 million tokens.

The majority of USDT is issued on Tron, where the issuance rates of dollar-backed digital currencies are the highest among all digital currencies.

According to Artemis, 67% of all USDT is held in small and medium wallets.

The ten largest addresses control about 17.52% of the total USDT volume (according to TronScan). The second place by market capitalization is occupied by USDC with a volume of $34.637 billion.