Tether’s stablecoin touches 6.25% of the world's population, says CEO

Tether CEO Paolo Ardoino announced that the USDT stablecoin has reached 500 million users, which he called "likely the biggest financial inclusion achievement in history." This figure represents 500 million "real people," equating to approximately 6.25% of the world's population, offering financial services to those excluded by traditional banking.

Tether highlighted the role of USDT in countries like Kenya, where users rely on stablecoins for survival, not just speculation. Specifically, small businesses use USDT to pay for imports as an alternative to the weakening local currency. Ardoino noted that 37% of USDT users hold the stablecoin as a store of value.

USDT remains the dominant stablecoin with a market cap of $182.4 billion, holding a 58.4% market share. Separately, Tether is reportedly in talks to raise up to $20 billion from investors at a potential $500 billion valuation.

(Source：Cointelegraph)