CandleFocus How Many USDT Users Are There?
2024-10-16
Author: Content Editor
The content highlights the significant adoption and growth of USDT (Tether) as a cryptocurrency. It states that there are 330 million on-chain wallets and accounts that have received USDT by the end of Q3 2024, showing a steady increase in users each quarter. It also mentions that there are several tens of millions more users who utilize USDT on centralized platforms. The report focuses on on-chain wallets and accounts but acknowledges that there are additional off-chain accounts known only to centralized platforms. The growth in USDT users is attributed to its availability across multiple blockchains, with Ethereum Layer 2 chains experiencing the fastest percentage growth. The article concludes by emphasizing the impact of USDT adoption and its importance in everyday life, promising to explore this further in future reports.
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