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.
- The company consolidates as a key tool for savings and transactions, with 86 million accounts having received USDT through exchanges.
Tether has announced that the number of active wallets holding USDT on the blockchain has surpassed 109 million, a record that demonstrates the strong adoption gained by the stablecoin.
This number of active wallets has surpassed Bitcoin’s and is close to reaching Ethereum’s, which currently has approximately 128 million. Tether has achieved enormous popularity, especially in emerging markets, where small USDT balances provide financial access to millions of unbanked people.
The company detailed that, of these 109 million wallets, a significant portion contains extremely low balances. In fact, about 29% of wallets with less than a cent of USDT have been reactivated in the past, suggesting that many users, despite having limited funds, are willing to use the stablecoin again in the future.
Tether (USDT): A Tool for Financial Inclusion
Tether has become a valuable tool for savings and transactions, even for those with fewer resources. Additionally, more than 18 million wallets maintain balances between one cent and one dollar, while 31.5 million hold between one and one thousand dollars in USDT. These numbers reveal a pattern where users in emerging economies begin to store USDT, either as savings or for transactions, which provides them with greater stability in a volatile financial environment.
Tether also highlighted that, of the 330 million users who have received USDT through blockchain transactions, at least a third continue to use the stablecoin actively. Although not all users keep it in on-chain wallets, the widespread adoption of USDT on centralized platforms also demonstrates its impact. Through exchanges, 86 million accounts have received USDT deposits, many of which remain active within these platforms.
With the growing use of Tether in various regions, especially in emerging economies, it is clear that the company has what it takes to drive and improve financial inclusion. Stablecoins like USDT have become crucial in providing financial services to a large part of the global population that otherwise would not have access to traditional banking services