Tether has revealed that by the end of Q4 2024, more than 109 million on-chain wallets will be holding USDT, marking a substantial increase in the popular stablecoin’s adoption. This growth signifies USDT’s position as one of the most widely utilized digital currencies on a global scale, reflecting a notable uptick in both individual and institutional users.
How Many Wallets Hold USDT?
The latest report from Tether indicates that the quantity of cryptocurrency wallets containing USDT has soared to 109 million, a significant rise from previous years. This number is reportedly double that of wallets holding Bitcoin, approaching the total for Ethereum wallets as well.
What Drives USDT’s Popularity?
The increased adoption of USDT can be attributed to its various use cases, including cross-border transactions, savings, and trading opportunities. Tether’s integration across different blockchain networks further enhances its accessibility and usage.
Notably, with over 54 million wallets containing more than a cent’s worth of USDT, it solidifies its status as a leading stablecoin. The growth rate of these wallets is four times higher compared to other stablecoins in the market.
- 109 million on-chain wallets holding USDT by Q4 2024.
- Growth in wallets holding USDT has doubled since last year.
- 54 million wallets have at least one cent of USDT.
- USDT’s adoption significantly outpaces other stablecoins.
The upward trend in Tether’s USDT indicates a pivotal moment for the stablecoin sector. Its widespread usage in emerging markets and international trade might define USDT’s significance moving forward.