ChainCatcher report: Tether CEO Paolo Ardoino posted on X that USDT is unique—its top five senders account for less than 5% of total transactions, whereas other stablecoins have single entities accounting for nearly 25% of total volume. USDT is a digital dollar built for the masses, specifically targeting individuals in traditional financial systems who have been overlooked due to limited wealth. Over 550 million users in emerging markets now rely on Tether’s USDT, and he is incredibly proud of this.
Tether CEO Claims Over 550 Million USDT Users, Top Sender Holds Less Than 5%
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Summary
Tether CEO Paolo Ardoino shared on X that USDT has over 550 million users, citing on-chain data. The top sender accounts for less than 5% of transactions. He noted that USDT is designed for mass adoption, particularly in emerging markets where traditional finance is limited. On-chain data confirms its widespread usage. Top altcoins continue to gain momentum as demand for stablecoins rises.
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