📋 Tether Report: The Number of USDT Wallets Surges to 109 Million, Closely Following Bitcoin and Ethereum Users
Tether's latest report shows that as of the beginning of the fourth quarter, the number of USDT wallets has reached an astonishing 109 million, a figure that is quickly approaching Ethereum and surpassing Bitcoin wallets!
This surge demonstrates the strong appeal of stablecoins, especially for retail users engaged in small transactions. Among these, 18.7 million wallets have a balance of less than $1, and another 31.5 million wallets have a balance between $1 and $1,000. This truly indicates that USDT allows users with moderate economic capacity to experience the convenience of cryptocurrency.
Moreover, nearly 30% of small wallets are regularly reloaded, meaning that once people have disposable income, they return to using stablecoins. Tether's chief economist Philip Gradwell notes that this phenomenon highlights the significant appeal of USDT to those who may not have access to traditional banking services.
Not only are there numerous small users, but also over one million large wallet addresses hold more than $1,000, with most balances ranging from $1,000 to $10,000. Additionally, compared to other stablecoins, USDT's market share is nearly four times that of its competitor USDC, accounting for 97.5% of the total supply of stablecoins!
Behind all this is a change in user preference for stablecoins, especially after major events like FTX, as people are more inclined to control their own wallets. Even during market volatility, USDT maintains its global reliability and appeal.
What are your thoughts on the surge in USDT wallet numbers? Will the future of cryptocurrency belong to stablecoins? Let me know your thoughts in the comments!
