Crypto News: Tether Reaches 500 Million Users as Stablecoin Supply Expands
Tether reaches 500 million users as USDT supply nears $182 billion; new USAT stablecoin planned for U.S. market launch.
Tether, the issuer of the USDT stablecoin, has announced it has reached 500 million users globally.
The company also reported that the total supply of USDT is now close to $182 billion, according to The Block Data Dashboard. This milestone arrives as demand for dollar-backed digital assets continues to rise globally.
USDT Supply Approaches $182 Billion
Tether remains the largest stablecoin issuer in the market by a wide margin. As of this week, the circulating supply of USDT stands just under $182 billion. The second-largest stablecoin, USDC, issued by Circle, has around $75 billion in circulation.
Stablecoins like USDT are widely used in crypto trading, cross-border payments, and decentralized finance applications. The growth of the supply reflects both increased market adoption and a higher demand for dollar-denominated liquidity in crypto markets.
Tether’s continued expansion comes amid ongoing debates about regulation and transparency in the stablecoin sector. Despite this, the company continues to grow its user base and expand into new markets.
Tether CEO Emphasizes Financial Inclusion
Tether CEO Paolo Ardoino shared the user milestone in a post on social platform X.
He described the growth as a major moment in the adoption of digital assets.
The company says its growth represents broad adoption in emerging markets, where traditional banking services may be limited. Peer-to-peer transactions and mobile wallets are key drivers of stablecoin use in such regions.
Tether has also focused on enabling access to financial tools using blockchain technology. Its goal is to provide a digital alternative to the U.S. dollar that can be used globally, with low transaction costs and high speed.
Tether Prepares Launch of USAT Stablecoin for U.S. Market
Tether plans to launch a new dollar-backed stablecoin called USAT. This product is specifically for users in the United States. The move comes as new regulatory frameworks in the U.S. have increased interest from both crypto-native firms and traditional finance.
Bloomberg reported that Tether is in talks to raise up to $20 billion at a $500 billion valuation. Cantor Fitzgerald, a Tether shareholder, is reportedly advising on the potential deal.
Tether’s new stablecoin offering will align with U.S. compliance standards. This will make it more accessible for American users and institutions. The expansion into regulated products marks a new phase for the company as it seeks to strengthen its position in global finance.
The post Crypto News: Tether Reaches 500 Million Users as Stablecoin Supply Expands appeared first on Live Bitcoin News.
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