As of the end of Q3 2024, USDT stablecoin is used by 330 million cryptocurrency wallets and on-chain accounts, its issuer Tether reported.

The company compared the figure with the US population and emphasized that the final result does not include USDT users on centralized bitcoin exchanges. Tether estimates the latter at several tens of millions more.

Despite the large audience, the issuer records an increase in the growth rate of the indicator. Thus, the third quarter of 2024 turned out to be a record and brought 36.25 million new users.

Tether linked the increase in audience to second-level solutions and the development of the TON ecosystem.

The most popular blockchains for USDT were TRON, BNB Chain and Ethereum, but the greatest growth over the past year was recorded in Optimism, Arbitrum and Polygon.

Tether CEO Paolo Ardoino previously called the company “the U.S. government’s best friend.” Before that, the issuer reported helping 145 law enforcement agencies recover more than $108.8 million in USDT since 2014.

Recall that in September, consumer advocacy group Consumers’ Research accused Tether of lacking transparency regarding its US dollar reserves and compared the company to the collapsed cryptocurrency exchange FTX.

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