Tether’s Record Growth in Global Adoption
Tether (USDT), the world’s largest stablecoin issuer, has surpassed 500 million users, marking a new milestone in digital finance. CEO Paolo Ardoino announced the achievement on X, calling it “likely the biggest financial inclusion achievement in history.”
Tether’s circulating supply is approaching $182 billion, solidifying its dominance in the global stablecoin market. Its closest competitor, Circle’s USDC, has about $75 billion in circulation.
The Power of Programmable Money
Ardoino described Tether’s role in reshaping global finance, saying, “Programmable money is the ultimate social network — a peer-to-peer construct that transports both information and value.” His statement reflects the growing belief that stablecoins like USDT are not just tools for trading but also a gateway to financial inclusion for millions worldwide.
Potential $20 Billion Fundraise on the Horizon
Bloomberg recently reported that Tether, based in El Salvador, is in talks with investors to raise up to $20 billion at a valuation of around $500 billion. If completed, the deal would place Tether among the world’s most valuable private companies, alongside OpenAI and SpaceX. Financial services firm Cantor Fitzgerald, a Tether shareholder, is reportedly advising on the transaction.
Next Steps: A Stablecoin for the U.S. Market
Tether is preparing to launch USAT, a dollar-backed stablecoin tailored for U.S. users, by the end of the year. The move aligns with a wave of regulatory clarity in the United States, which has sparked renewed interest in stablecoins from both crypto firms and traditional financial institutions.
Driving the Future of Digital Finance
With 500 million users and a rapidly expanding supply, Tether continues to redefine the stablecoin ecosystem and push forward the global adoption of blockchain-based digital money. Its next phase—bridging U.S. financial markets with blockchain innovation—could further cement its role as a leader in programmable finance.
