Bitcoin

Tether USDt

The post<a href="https://cryptosnewss.com/analyst-predicts-dogecoin-could-reach-new-all-time-high/" rel="noopener noreferrer nofollow"> </a><a href="https://cryptosnewss.com/tether-wallets-hit-109-million-a-new-milestone-in-crypto-adoption/" rel="noopener noreferrer nofollow">Tether Wallets Hit 109 Million: A New Milestone in Crypto Adoption</a><a href="https://cryptosnewss.com/david-sacks-named-white-house-ai-and-crypto-czar/" rel="noopener noreferrer nofollow"> </a>appeared first on<a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow"> Cryptos Newss</a>.Stablecoin issuer Tether reported 109 million on-chain wallets holding USDT at the start of the fourth quarter, according to a Dec. 9 <a href="https://tether.io/news/how-many-usdt-on-chain-holders-are-there/" rel="noopener noreferrer nofollow">report</a>.The growth positions USDT as one of the most utilized digital assets, with its wallet numbers approaching Ethereum levels and far surpassing those of <a href="https://cryptosnewss.com/category/bitcoin-news/" rel="noopener noreferrer nofollow">Bitcoin</a>.The report also highlighted USDT’s integration within centralized platforms, where over 86 million accounts have received on-chain deposits. Centralized exchanges, an essential part of the crypto ecosystem, recorded 4.5 billion visits in the first three quarters of 2024.Nearly half of these visits came from emerging markets, where users frequently rely on USDT for saving, transacting, and navigating financial constraints. In many cases, users conduct all activities — buying, holding, and sending — directly within these platforms.<h2 id="header-0">Retail users drive adoption</h2>According to the report, USDT’s appeal lies in its accessibility, particularly among retail users. Wallet data shows that 18.7 million accounts hold less than $1 balances, while another 31.5 million manage holdings between $1 and $1,000. These figures highlight USDT’s ability to serve users with modest financial means.Interestingly, nearly 30% of smaller wallets are reactivated periodically, signaling the stablecoin’s role as a trusted financial tool for individuals returning to it as funds become available.Philip Gradwell, head of economics at Tether, said:<blockquote>“The prevalence of low-balance wallets is a feature, not a bug, highlighting USDT’s accessibility to users who might otherwise be unbanked.”</blockquote>Meanwhile, a smaller but significant group of wallets — just over one million — hold balances exceeding $1,000, with the majority managing amounts between $1,000 and $10,000.Compared to other stablecoins, USDT continues to dominate. Its on-chain wallet count outpaces competitors nearly by a magnitude of 4x, with <a href="https://cryptosnewss.com/tethers-usdt-sees-uptick-in-sanctioned-countries-raises-regulatory-red-flags/" rel="noopener noreferrer nofollow">Tether</a> commanding 97.5% of the total stablecoin supply across 25 blockchains.The rapid expansion of USDT wallets reflects shifting user preferences, particularly after events like the FTX collapse, which pushed users toward self-custody solutions. Even during market disruptions that affected rival stablecoins like USDC, USDT has continued to maintain its global reliability and appeal.The post <a href="https://cryptosnewss.com/tether-wallets-hit-109-million-a-new-milestone-in-crypto-adoption/" rel="noopener noreferrer nofollow">Tether Wallets Hit 109 Million: A New Milestone in Crypto Adoption</a> appeared first on <a href="https://cryptosnewss.com" rel="noopener noreferrer nofollow">Cryptos Newss</a>.

Tether Wallets Hit 109 Million: A New Milestone in Crypto Adoption

Table of Contents

Cryptos Newss

Other articles published on Dec 10, 2024

Crypto Crash: Traders Face $1.7B Liquidation in Just 24 Hours

Here’s Why Bitcoin, Ethereum, XRP Markets Crashed

Ray Dalio predicts global debt crisis, backs Bitcoin, gold

Former XRP Critic Believes It Now Has The Strongest Chart In Crypto

Long-Term Potential: Best Meme Coins to Buy This Month with BTFD Coin, Floki Inu, and Brett

Chainlink integrates with Coinbase tokenized assets platform

Join our free newsletter for daily crypto updates!