The post Tether’s USDT Stablecoin Reaches 500 Million Users appeared on BitcoinEthereumNews.com. US dollar-pegged stablecoin Tether hit its 500 millionth user on Tuesday, offering a means to transact and save for those who have been excluded by the traditional banking system. “Likely the biggest financial inclusion achievement in history,” Tether CEO Paolo Ardoino wrote in a post on X. Source: Paolo Ardoino Tether said the figure represents 500 million “real people,” not simply Tether (USDT) wallets, suggesting its stablecoin has now been used by around 6.25% of the world’s population. The World Bank Group estimates there are 1.4 billion adults who don’t have access to a bank account globally. Crypto is one potential solution to the problem, as anyone with a phone can download a crypto wallet to receive money and store funds securely. Crypto can also be beneficial for those who live in high-inflation countries or nations where the risk of having one’s funds seized is real. USDT is helping people and small businesses in Kenya To celebrate the milestone, Tether shared a 10-minute documentary showcasing USDT adoption in Kenya, where people turn to stablecoins “not for speculation, but for survival.” Ardoino noted that 37% of USDT users hold the stablecoin as a store of value. It also highlighted how small businesses have been forced to turn to USDT to pay for imports as an alternative to the weakening Kenyan shilling, providing a lifeline to keep those companies afloat. Related: Tether to launch USAT, names ex-Trump adviser as CEO USDT is by far the largest stablecoin, with a market cap of $182.4 billion, representing a 58.4% market share, according to CoinGecko. Circle’s USDC (USDC) comes in next at 76.8 billion. Tether could be worth half a trillion dollars Last month, Tether was said to be in talks with investors to raise up to $20 billion at around a $500 billion valuation,… The post Tether’s USDT Stablecoin Reaches 500 Million Users appeared on BitcoinEthereumNews.com. US dollar-pegged stablecoin Tether hit its 500 millionth user on Tuesday, offering a means to transact and save for those who have been excluded by the traditional banking system. “Likely the biggest financial inclusion achievement in history,” Tether CEO Paolo Ardoino wrote in a post on X. Source: Paolo Ardoino Tether said the figure represents 500 million “real people,” not simply Tether (USDT) wallets, suggesting its stablecoin has now been used by around 6.25% of the world’s population. The World Bank Group estimates there are 1.4 billion adults who don’t have access to a bank account globally. Crypto is one potential solution to the problem, as anyone with a phone can download a crypto wallet to receive money and store funds securely. Crypto can also be beneficial for those who live in high-inflation countries or nations where the risk of having one’s funds seized is real. USDT is helping people and small businesses in Kenya To celebrate the milestone, Tether shared a 10-minute documentary showcasing USDT adoption in Kenya, where people turn to stablecoins “not for speculation, but for survival.” Ardoino noted that 37% of USDT users hold the stablecoin as a store of value. It also highlighted how small businesses have been forced to turn to USDT to pay for imports as an alternative to the weakening Kenyan shilling, providing a lifeline to keep those companies afloat. Related: Tether to launch USAT, names ex-Trump adviser as CEO USDT is by far the largest stablecoin, with a market cap of $182.4 billion, representing a 58.4% market share, according to CoinGecko. Circle’s USDC (USDC) comes in next at 76.8 billion. Tether could be worth half a trillion dollars Last month, Tether was said to be in talks with investors to raise up to $20 billion at around a $500 billion valuation,…

                                                                               Ethereum co-founder Vitalik Buterin defended his blockchain’s 45-day exit queue after Galaxy Digital’s head of digital called it “troubling,” sparking backlash.                     Ethereum co-founder Vitalik Buterin has finally addressed some concerns over the lengthening Ethereum staking exit queue, which has now grown to 45 days. His response came after Galaxy Digital’s head of DeFi, Michael Marcantonio, called the exit queue length “troubling” on X and compared it to Solana which only needs two days to unstake. He has since deleted the posts. However, Buterin seemingly took a more ideological stance on the subject, describing unstaking from Ethereum as “more like a soldier deciding to quit the army,” adding that staking is more about “taking on a solemn duty to defend the chain.”Read more