Tether added 36.25m USDT users in Q3 2024
Tether’s USDT user growth saw its best quarter in Q3 and has increased by 9% on average over the last 12 months, cushioning the firm’s possible expansion into more traditional finance markets.
Tether reported that 36.25 million new on-chain USDT (USDT) wallets and users engaged with the largest crypto stablecoin in 2024’s third quarter, marking a new quarterly high for the digital payment titan. The USDT operator clarified that off-chain users, primarily on centralized platforms like Binance or Coinbase, were excluded from the analysis.
An Oct. 16 report revealed that tens of millions of USDT users exist on centralized exchanges and other off-chain venues, citing private data shared with Tether by partner firms.
Last quarter’s…
