Tether surpasses $500M user milestone, cementing USDT as the backbone of crypto stability. $BEST, the native asset of Best Wallet ecosystem is riding the same wave with its $16.6M presale raise.
KEY POINTS:
- ➡️ $USDT now leads the stablecoin market with 500M verified users and a $182B market cap.
- ➡️ The launch of Plasma ($XPL) blockchain and USAT underscores Tether’s gradual shift into DeFi, RWAs, and financial infrastructure.
- ➡️ As the global stablecoin market nears $316B, financial giants like JPMorgan and Citigroup are also entering the space. Best Wallet and $BEST are riding this trend, offering stability and DeFi exposure to retail users.
On October 21, Tether ($USDT) announced reaching 500M verified users, far ahead of Circle’s ($USDC) 87M users.
Source: Tether on X.
Tether’s market cap stands at $182B, leading Circle by over 58%. Although Tether has 82% more users than Circle, its users hold smaller average balances ($364 per user) than USDC’s ($852), reflecting Circle’s institutional dominance.
At the close of Q2, Tether launched the Plasma ($XPL) blockchain to financialize its treasury assets, which attracted $6B in TVL within a week of its launch.
The Plasma launch marks Tether’s expansion into tokenized RWAs (real-world assets) and DeFi infrastructure. Its $127B in US Treasuries makes it one of the largest holders globally, positioning it as a major player in the US debt markets.
Tether’s upcoming documentary about how $USDT is helping underserved markets will further help to highlight its role in financial inclusion.
In other news developments around Tether, the global stablecoin powerhouse is now working towards launching USAT, a dollar-backed stablecoin tailored for the US market.
Source: @USAT_io
Tether is constantly making headlines and rightfully so, given its remarkable profitability. Tether reported $4.9 quarterly profit, smashing its previous $4.52B record.
Disrupting the Stablecoin Status Quo
In light of Tether’s rallying growth and success, traditional banks such as JPMorgan, Bank of America, Citigroup, and Wells Fargo are also developing their own dollar-backed stablecoins.
And why wouldn’t they? The global stablecoin market cap now stands near $316M, with USDT + USDC accounting for almost 82% of it — and now, other financial giants want a piece of this.
Interest has peaked after Trump’s GENIUS Act mandated full fiat backing and annual audits for stablecoin users with a market cap over $50B, legitimizing stablecoins federally.
Tether’s rapid growth and the US’s push for stablecoin regulation underscore how the crypto landscape is maturing from speculative hype to structured, utility-focused ecosystems.
From Ironclad Security to 79% APY: Best Wallet Emerges as the Smart Investor’s Stability Anchor
Stablecoins symbolize safety and stability in an otherwise volatile crypto landscape. Best Wallet follows the same philosophy, offering a secure, reliable, and transparent gateway to protect your assets.
Besides offering unsurpassed protection for your crypto assets with passcode, login, 2FA, and biometric security, the project is working towards unveiling advanced features like anti-fraud protection, a debit card launch for everyday payments, portfolio management, derivatives trading, and a staking aggregator.
At the center of this next-generation wallet ecosystem is Best Wallet Token ($BEST), one of the best cryptos to buy now in presale. Holders enjoy an array of utilities within the ecosystem, such as:
- Lower transaction fees
- Early access to new and vetted crypto projects
- Voting and governance rights
- Higher APY staking opportunities
Backed by a growing user base, the $BEST presale has already raised $16.6M. Big wallets are stacking up on $BEST, with some holding buys worth $70.2K and $50.9K.
🗺️ Learn how to buy Best Wallet Token in our detailed guide before the whales scoop them all.
Tether’s $500M milestone proves stablecoins are the future of finance. Best Wallet brings that future to your fingertips, giving retail users the tools to swap, stake, and store with the same power institutions are chasing.
Grab your Best Wallet tokens and get some power in your pocket.
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Source: https://bravenewcoin.com/partner/stablecoins-316b-tether-500m-users-best-crypto-to-buy-now
