Tether Hits Milestone with 500M Users, Pushing Stablecoin Market Towards $316B
Dominating the Stablecoin Space: Tether Outpaces Competitor Circle's USDC with a Significant User Base Lead
Key Points
- Tether, the issuer of USDT, has announced reaching 500 million verified users globally.
- The stablecoin issuer’s market capitalization is $182 billion, with each user holding an average of $364.
Tether, the entity behind the world’s largest stablecoin, USDT, recently revealed it has amassed 500 million verified users worldwide.
The company, led by Paolo Ardoino, publicized this achievement on social media, encouraging celebrations among its 546,000 followers.
Tether’s Global Impact
Originally established as Realcoin in 2014 by Brock Pierce, Reeve Collins, and Craig Sellars, Tether has since become the most frequently used digital dollar in global commerce.
The company has also announced plans to produce a documentary filmed in Kenya, demonstrating how USDT has revolutionized cross-border transactions and made a significant impact in markets that are typically underserved.
As of the end of Q2 2025, Tether held over $127 billion in US securities and recently introduced the Plasma (XPL) blockchain, aimed at financializing its treasury holdings and expanding US adoption in the burgeoning asset tokenization sectors.
Data from DeFiLlama indicates that Plasma drew in over $6 billion in total value locked (TVL) within a week of its debut, reflecting a positive market response.
Stablecoin Demographic Trends
Circle, a competitor stablecoin issuer and the company behind USDC, reported 87 million unique wallet addresses globally as of Q1 2025, according to Coinlaw data.
Tether’s 500 million verified user count suggests it has an 82% larger active user base compared to USDC.
Despite Tether’s broader adoption, the gap in market capitalization between the two is not as wide. Tether’s market value of $182 billion surpasses USDC’s $76.7 billion by only 58%, indicating that Tether users hold smaller average balances.
Further analysis shows that Tether’s $182 billion capitalization translates to approximately $364 per user, whereas USDC’s $76.7 billion divided among its 90 million users averages about $852 per user.
This difference highlights that USDC is primarily used by institutional users, while Tether is more popular among retail users, particularly in areas with limited access to US dollars.
According to CoinGecko, the total global stablecoin market capitalization is currently close to $316 billion, with Tether and Circle jointly accounting for over 82% of this figure.
Citibank analysts predict that this figure could exceed $1 trillion by 2030, driven by the growth of tokenized Treasury markets and the adoption of real-world assets (RWA).
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
Assessing KITE’s Price Prospects After Listing as Institutional Interest Rises
- Kite Realty Group (KRG) reported Q3 2025 earnings below forecasts but raised 2025 guidance, citing 5.2% ABR growth and 1.2M sq ft lease additions. - Institutional investors showed mixed activity, with Land & Buildings liquidating a 3.6% stake while others increased holdings, reflecting valuation debates. - Technical indicators suggest bullish momentum (price above 50/200-day averages) but a 23.1% undervaluation vs. 35.1x P/E, exceeding sector averages. - KRG lags peers like Simon Property in dividend yie

Evaluating How the MMT Token TGE Influences Crypto Ecosystems in Developing Markets
- MMT's volatile TGE highlights tokenized assets' dual role as liquidity engines and speculative risks in emerging markets. - Institutional investors allocate up to 5.6% of portfolios to tokenized assets, prioritizing real-world integration and cross-chain utility. - Regulatory fragmentation and smart contract risks demand CORM frameworks to mitigate operational vulnerabilities in DeFi projects. - MMT's deflationary model and institutional backing face macroeconomic challenges, requiring hedging against gl

Trust Wallet Token's Latest Rally and Growing Institutional Interest: Driving Sustainable Value
- Trust Wallet Token (TWT) surged in 2025 due to institutional partnerships, utility upgrades, and real-world asset (RWA) integrations. - Collaborations with Ondo Finance (tokenizing $24B in U.S. Treasury bonds) and Onramper (210M+ global users) expanded TWT's institutional-grade utility. - Governance upgrades, FlexGas payments, and Binance co-founder CZ's endorsement boosted TWT's credibility and institutional appeal. - Analysts project TWT could reach $5.13 by year-end, driven by cross-chain integrations

Clean Energy Market Fluidity and the Emergence of REsurety's CleanTrade Solution
- CFTC's 2025 approval of REsurety's CleanTrade as a SEF marks a regulatory breakthrough for clean energy trading infrastructure. - The platform addresses $16B+ in pent-up demand by providing liquidity, transparency, and institutional-grade safeguards for VPPAs, PPAs, and RECs. - CleanTrade's integration of carbon tracking analytics and ESG alignment tools enables institutional investors to quantify environmental impact alongside financial returns. - By resolving counterparty risks and enabling cross-asset

