Tether Claims 500 Million Users for USDT Stablecoin

Tether has announced that its USDT stablecoin now boasts 500 million global users, a figure reported by CEO Paolo Ardoino on social media. This milestone raises questions about the methodology behind the user count, which remains self-reported and unverified. While this achievement highlights the potential of USDT for expanding financial inclusion, the lack of transparency has sparked skepticism within the crypto community. 500 million users marks a significant milestone for USDT, with the stablecoin achieving this popularity across major blockchain ecosystems like Ethereum, TRON, and Solana. However, specific on-chain data supporting Tether’s claim is yet to be disclosed, limiting independent analysis. The potential implications of this user increase are already becoming apparent: increased liquidity for USDT pairs across exchanges, leading to regulatory scrutiny of stablecoins like USDT as they continue to gain influence in financial markets worldwide.