New data from Tether reveals that the number of people who have adopted the company’s USDT is now equivalent to the entire population of the United States.
In a new blog post, Tether says the largest dollar-pegged digital asset by market capitalization currently has more than 330 million users, including those who only use it on centralized exchange platforms such as Coinbase and Binance. He said that he had not done so.
“USDT has seen significant adoption, with 330 million on-chain wallets and accounts representing users receiving USDT by the end of Q3 2024, equivalent to the population of the United States. .”
Also, this does not include those who only use USDT on centralized platforms, which according to our partners is in the tens of millions more. ”
Source: Tether
According to Tether, the adoption rate of USDT is accelerating, with an average growth rate of 9% over the past four quarters.
“The impressive growth in user numbers continues to accelerate, with each quarter adding more users than the previous year. In fact, the past four quarters have seen an average increase of 9%. The third quarter was our best result ever with 36.25 million users.”
Source: Tether
Tether defines a “user” as someone performing an activity on-chain or an entity on a centralized exchange. However, Tether states that the number of USDT users is likely significantly higher than the survey results, as it is not possible to count the number of off-chain users.
“To get the full picture, we need to add off-chain accounts that only centralized platforms know about. Our partners have indicated that there are tens of millions of these accounts, which means This means that the actual number of USDT users is even higher than the number presented here.”
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