99.2% of omni-chain Tether-backed stablecoin holders have less than $1,000 USDT0
Summary
New data reveals that 99.2% of USDT0 holders maintain balances below $1,000, indicating that the omni-chain stablecoin is primarily driven by retail users rather than large institutional whales. While large transfers dominate total transaction volume, the majority of active users engage in smaller, everyday transactions. Developed by Everdawn Labs with support from LayerZero and Tether, USDT0 has seen significant adoption across 23 blockchains, functioning as a key liquidity layer with high velocity and a focus on removing friction in onchain finance.
(Source:The Block)