tl;dr
Tether has announced that the number of users adopting its USDT digital asset now exceeds 330 million, equivalent to the entire population of the United States. This figure does not include users solely utilizing USDT on centralized exchange platforms. The adoption rate is accelerating, with the las...
Tether has announced that the number of users adopting its USDT digital asset now exceeds 330 million, equivalent to the entire population of the United States. This figure does not include users solely utilizing USDT on centralized exchange platforms. The adoption rate is accelerating, with the last four quarters showing an average increase rate of 9%. Tether acknowledges that the actual number of USDT users is likely even higher, as it cannot account for off-chain users known only to centralized platforms.
According to Tether, the adoption rate of USDT is accelerating as the last four quarters have shown an average increase rate of 9%. Tether defines a “user” as either someone doing activity on-chain or an entity on a centralized exchange. But since it can’t count the number of off-chain users, Tether says the number of USDT users is likely significantly higher than what they found.
"USDT has seen significant adoption, with 330 million on-chain wallets and accounts, a proxy for users, ever receiving USDT by the end of Q3 2024 – that is equivalent to the population of the USA. And this does not include people that only use USDT on centralized platforms, of which there are several tens of millions more according to our partners," Tether stated.
“The remarkable growth in users keeps on accelerating, with every quarter adding more users than the last. In fact, the last four quarters have seen an average increase of 9%. Q3 of 2024 was our best yet, welcoming 36.25 million users,” Tether added.