Tether’s USDT Surpasses 500 Million Users, Redefining Global Finance Landscape
Tether's USDT stablecoin has achieved a remarkable milestone, reaching 500 million users globally, which accounts for 6.25% of the world's population. This significant growth underscores stablecoins' role in enhancing financial inclusion, especially for those outside traditional banking systems.
Furthermore, a recent report highlights that stablecoin transactions soared to $46 trillion, surpassing Visa's transaction volume and marking a transformative shift in global finance. Institutional adoption and advancements in blockchain technology have fueled this rise.
Tether's CEO also addresses concerns regarding Central Bank Digital Currencies (CBDCs), suggesting they may pose risks of surveillance. In contrast, stablecoins like USDT provide a viable alternative, offering individuals stability in volatile economies.
With 137 countries exploring CBDCs, the dialogue around stablecoins and digital currencies remains crucial.
The press radar on this topic:
Tether’s stablecoin touches 6.25% of the world's population, says CEO
Stablecoins outrun Visa as onchain volume hits $46 trillion
Stablecoins become ‘global macroeconomic force’ as transactions reach $46T: Report
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