Tether (USDT) Made an Official Announcement, Signaling a New Milestone
Tether, the world's largest dollar-backed stablecoin issuer, announced that USDT has surpassed 500 million users and the total supply is approaching $182 billion.
The company plans to launch USAT, a new dollar-backed stablecoin for US users, by the end of the year.
Tether CEO Paolo Ardoino shared a post on the X platform, saying, “USDT has officially reached 500 million users. It’s arguably the greatest achievement of financial inclusion in history.” Ardoino also added, “Programmable money is ultimately a social network; a structure that moves both information and value peer-to-peer.”
The total supply of USDT stands at approximately $182 billion. Its closest competitor, Circle, has approximately $75 billion worth of USDT in circulation.
Last month, Bloomberg reported that El Salvador-based Tether was aiming to raise up to $20 billion from investors, positioning the company at a valuation of around $500 billion. According to the report, Cantor Fitzgerald is advising Tether on the potential deal.
The new stablecoin, USAT, is being designed specifically for the US market. The country's new regulatory framework has increased interest in the stablecoin space from both cryptocurrency companies and traditional financial institutions.
Tether also announced that it will release a short documentary shot in Kenya to celebrate reaching 500 million users.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum News Update: Avail’s Nexus Bridges Liquidity Across 12 Blockchains, Tackling Fragmentation
- Avail's Nexus Mainnet launches as a cross-chain execution layer unifying liquidity across 12 blockchains including Ethereum and BNB Chain. - The intent-solver architecture automates optimal routing while aggregating liquidity from multiple chains through Avail's data availability layer. - Developers gain simplified cross-chain integration via SDKs and APIs, enabling real-time collateral pools and intent-based trading without managing bridges. - With Solana integration planned and Infinity Blocks roadmap
Ethereum News Update: Ethereum Drives Institutional Transformation with Amundi Tokenizing Major Fund
- Amundi tokenizes a money market fund on Ethereum , signaling institutional adoption of blockchain-based asset management. - Ethereum's upgrades like PeerDAS and Bhutan's $970k ETH staking highlight growing institutional trust in its infrastructure. - CoinShares' $250M Bitcoin Miners ETF and global digital ID initiatives underscore tokenization's role in modernizing finance. - Ethereum's $3,100 price resistance and technical indicators suggest potential for long-term resilience amid scaling improvements.
Hyperliquid News Today: Hyperliquid Adopts Tidewater’s Strategy to Streamline Crypto Risk Management
- Hyperliquid introduces automated downsizing to stabilize HYPE, which dropped 52% from its peak. - Strategy mirrors Tidewater Renewables' capacity management, balancing short-term volatility with long-term stability. - Hyperliquid Strategies DAT plans $300M HYPE buybacks to inject liquidity and institutional-grade risk frameworks. - Market faces $1.89B+ liquidation risks if Bitcoin/Ethereum surge, prompting automated buffers to prevent cascading sell-offs. - Approach reflects growing DeFi adoption of algo
The Unexpected COAI Price Decline: Key Lessons for Investors from the November 2025 Market Turbulence
- COAI Index's 88% November 2025 collapse stemmed from C3.ai governance failures, regulatory ambiguity, and panic-driven herd behavior. - Market psychology amplified losses as investors overreacted to AI sector risks, ignoring fundamentals and triggering liquidity crises. - Diversification, cash reserves, and AI-driven tools helped mitigate risks, emphasizing long-term strategies over speculative hype. - The crisis exposed dangers of overreliance on AI/DeFi narratives, urging disciplined, diversified portf
Trending news
MoreCrypto prices
More
