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The firm behind USDT says that the growth of crypto's largest stablecoin by market cap has been fueled by sharks and minnows rather than whales. In a newly released Tether Insights publication, USDT-issuer Tether highlights the “extraordinary” growth of USDT in crypto wallets.
Tether's dominance in the stablecoin market remains unchallenged, with 330 million on-chain wallets holding USDT by Q3 2024, far outpacing all other stablecoins.
TL;DR Tether reaches a record of 109 million active wallets, surpassing Bitcoin and approaching Ethereum, driven by its adoption in emerging markets. 29% of wallets with low balances have been reactivated, indicating recurring use of USDT, even among users with limited funds.
Tether says that of the millions of on-chain wallets that had received the USDT stablecoin by the end of the third quarter of 2024, more than 109 million are holders. In a Dec.
Tether, the world's largest issuer of stablecoins, has significantly increased the supply of its USDT tokens in the past month. Over the last 28 days, the company has minted a staggering 19 billion USDT tokens on the Ethereum and Tron blockchains.
Tether reports that, as of the fourth quarter of 2024, more than 109 million on-chain wallets are holding USDT. This marks a notable milestone in the adoption of Tether's stablecoin, placing it among the most widely held digital assets globally.
By Q4 2024, over 109 million Tether on-chain wallets are currently active, surpassing Bitcoin wallets and approaching the number of Ethereum wallets.
USDT's widespread adoption is evident with 330 million on-chain wallets by Q3 2024, highlighting its role as a key player in the digital asset landscape, especially in emerging markets.
USDT supply has hit $190 billion. Is it a bullish move, with investors gearing up for a big bull run, or bearish, as traders seek safe havens?
Tether minted an additional $2 billion in USDT in the late hours of December 6, concluding a month-long minting spree that has added $19 billion in liquidity to the crypto market. This has stirred up a growing concern from the crypto market, which is questioning the company's transparency.
Tether minted 2 billion USDT on December 6, adding to its stockpile of prints over the months. With the latest move, the issuer of the most capitalized stablecoin, USDT, caps off a series of mints totaling 19 billion since November 6.
Tether minted $2B USDT in the last four days, contributing to a total of $19B since November 6. Bitcoin surpassed $100K twice, signaling a strong crypto market rally.
The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) is holding accountable five individuals linked to a money laundering network that enabled Russian elites to circumvent international sanctions.
Overall, Tether's idea is to make USDT transactions more accessible and efficient globally.
Bolivian attorneys Iver von Borries and Javier Romero Mendizabal proposed introducing Tether's USDT, the largest stablecoin in the cryptocurrency market, as an index asset for commercial and civil contracts. The submission aims to link USDT's value in global markets to the national fiat currency, allowing for more flexibility in pricing certain obligations.
Bitcoin (BTC-USD) passes the $100,000 mark, raising the tide for other cryptocurrencies and crypto-related plays. Brad Smith and Madison Mills take a look at other names sharing in bitcoin's rise, like dogecoin (DOGE-USD), Ripple XRP (XRP-USD), Solana (SOL-USD), Tether (USDT-USD), and Coinbase (COIN).
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FV Bank, the U.S. licensed digital bank, announced a further enhancement to its service offering with the integration of the stablecoin USDT.
Tether CEO Paolo Ardoino reveals some of the stablecoin firm's recent investments in a variety of sectors, ranging from Bitcoin mining, TradFi to payments for commodity trades. During ann interview at the Emergence Conference in Prague on Dec.
Tether CEO Paolo Ardoino attributed USDT's surge in market cap to heavy inflows into spot bitcoin ETFs and a Michael Saylor-led bitcoin buying spree.
The Bitcoin Cash network now has an experimental, native-backed, over-collateralized stablecoin called “Moria” (MUSD). Within about one day, the decentralized, open-source protocol has seen over $25,000 locked on the network, with transactions occurring directly on-chain.
The TRX coin price formed a big God candle, reaching its all-time high of $0.4485, after Justin Sun compared it with Ripple's XRP.
Cryptocurrency exchange Binance will list USDT perpetual contracts for Aerodrome and KAIA on Dec. 4. Following the announcement, AERO saw its price spike by nearly 20%.
Tether (USDT), the world's largest stablecoin by market capitalization, has seen a massive surge in its minting activities, with a total of $16 billion in new USDT minted since November 6, 2024. This latest round of issuance includes a $1 billion mint on both the Ethereum and Tron blockchains, marking the continuation of Tether's aggressive expansion strategy.
