Tether CEO Paolo Ardoino stated in a post on platform X that USDT is unique. The largest sender accounts for less than 5% of transactions, whereas for other stablecoins, a single entity can account for nearly 25% of the total. USDT is a digital dollar built for the masses, targeting those overlooked by the traditional financial system due to insufficient wealth. Currently, over 550 million users in emerging markets rely on Tether USDT.
Paolo Ardoino, Tether’s CEO, stated on platform X that USDT is unique and positioned as a digital dollar built for the masses, targeting those overlooked by the traditional financial system due to limited wealth. The comment underscores USDT’s aim to reach a broad base of users who have been underserved by traditional finance. Data supporting the claim show that the largest sender accounts for less than 5% of USDT transactions. By comparison, for other stablecoins, a single entity can account for nearly 25% of total activity, indicating a more dispersed transaction profile for USDT.
Currently, more than 550 million users in emerging markets rely on USDT, a statistic Ardoino highlighted as a measure of its mass appeal. The executive added that the team is incredibly proud of this achievement.
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