Tether Reaches 500 Million Users as USDT Supply Hits $182 Billion
Tether's USDT stablecoin surpassed 500 million users, coinciding with its supply reaching $182 billion, driven by growth in emerging markets.Summary
Tether announced on October 21, 2025, that its USDT stablecoin reached 500 million users, a milestone CEO Paolo Ardoino called a major financial inclusion achievement, as the total supply neared $182 billion. This growth is heavily concentrated in developing regions where 37% of users rely on USDT for savings due to limited local banking access and currency instability. Tether is strategically investing in these areas, exemplified by its investment in Kenya-based Kotani Pay. Despite adding nearly $50 billion in supply since late 2024, USDT's market share has slightly eroded (from 70% to 59.9%) due to faster growth from competitors like USDC and USDe. Facing regulatory hurdles in Europe (MiCA), Tether is pursuing a strategy involving investments in licensed European issuers and planning a U.S.-regulated stablecoin, USAT. Furthermore, Tether is diversifying aggressively, raising funds for a gold treasury company (XAUt) and making significant technology investments, including a potential acquisition of Northern Data, signaling a move toward becoming a broader tech infrastructure provider.
(Source：Brave New Coin)