PANews reported on October 16 that Tether released the latest data, saying that as of the end of the third quarter of 2024, 330 million on-chain wallets and accounts (user agents) had received USDT, and the number of new users continued to grow every quarter, with an average increase of 9% in the past four quarters. The third quarter of 2024 was its fastest growing quarter, with 36.25 million new users.

Tether pointed out that USDT is most used on Tron, Binance Smart Chain and Ethereum, while the fastest growing chains come from Ethereum Layer 2 (such as Optimism, Arbitrum and Polygon), as well as Avalanche and Solana. In addition, USDT has experienced explosive growth on the TON chain, with 3.3 million new users in six months, accounting for 1% of all USDT chain users.