Tether Reaches 500M Verified Users as Stablecoin Market Nears $316B
Tether, the issuer of USDT, has reached 500 million verified users globally. Founded in 2014, Tether has become the most widely used digital dollar, with plans to release a documentary about its impact in Kenya.
- Holds over $127 billion in US securities as of Q2 2025.
- Recently launched the Plasma (XPL) blockchain, financializing treasury holdings and enhancing US adoption in asset tokenization sectors.
- Plasma attracted over $6 billion in TVL within a week of launch.
Comparison with USDC:
- Tether's user base is 82% larger than USDC's 87 million unique wallet addresses.
- Tether's market value is $182 billion, exceeding USDC's $76.7 billion by 58%.
- Average balance per user: $364 for Tether vs. $852 for USDC, indicating broader retail usage for Tether.
The total global stablecoin market capitalization stands near $316 billion, with Tether and Circle comprising over 82%. Analysts project this could exceed $1 trillion by 2030, driven by tokenized Treasury markets and real-world asset adoption.