109 million wallets hold USDT on-chain: As of the fourth quarter of 2024, Tether has reported that over 109 million wallets hold the USDT stablecoin. This reflects a substantial adoption compared to Bitcoin wallets, showcasing a strong interest in USDT as a primary digital currency.
USDT reaches 330 million users overall: Tether’s report reveals that by the end of September 2024, around 330 million users had interacted with USDT. It suggests significant off-chain activities, indicating a broader adoption of USDT beyond what is visible on-chain, according to Philip Gradwell.
USDT leads stablecoin market: With 165 million total holders, USDT leads the stablecoin market, surpassing competitors nearly fourfold. The platform’s growing user base includes 56 million wallets on centralized exchanges like Binance and Coinbase, highlighting a strong market trust in USDT’s value stability.