Tether user base hits 400m, up 14% since October 2024

With Tether now used by – conservatively – more than 400 million people, Paolo Ardoino calls it part of a multiverse of Stablecoin which is just beginning.

Tether’s (USDT) The user base has exceeded 400 million, increasing by 50 million since October 2024, announced Paolo Ardodino, the CEO, March 27, announced on March 27 job on Xpredicting that it could reach 1 billion soon.

Attached, the greatest stable The issuer with the USDT market capitalization exceeding $ 144.1 billion, continues to develop in emerging markets and several blockchains, which Andoino has described as part of a broader trend, calling it “multi -voter stable” and noting that “hundreds of companies and governments launch (or will soon be) their stalins”.

The CEO of Tether has attributed the growth of the company to its accent on basic adoption, suggesting that the company has adopted a different approach to traditional financial institutions.

“We have always focused on adoption from zero, working in the streets, among other people, while traditional finance was watching us from their ivory tricks.”

Paolo Ardoino

Ardoino has not provided details on how Tether calculated his user estimates or in the rucheity of the company which plans to reach the 1 billion bar. However, the Stablecoin transmitter saw its expansion develop rapidly, in particular through networks like Tron, Ethereum and other channels.

In October 2024, Tether reported 350 million users, suggesting that the last figure represents an increase of approximately 14% in less than six months. However, competition in the stablecoin market is warmed up, with the main rival circle of Tether continuous To strengthen its presence in Asia.

Meanwhile, Tether focuses on the diversification of his investment portfolio. Like crypto.News reported Earlier, the Stablecoin transmitter is preparing to acquire a 30% stake in Be Water, a radio -based media company based in Rome, Italy.