Tether, the world's largest issuer of stablecoins, has reached a significant milestone by announcing that its user base has grown to 500 million.
CEO Paolo Ardoino called this achievement "the biggest financial inclusion achievement in history."
The news comes as the total supply of its USDT stablecoin approaches $182 billion, cementing its dominant position in the market, more than double the circulation of its closest competitor, Circle's USDC.
This growth underscores the increasingly important role of stablecoins in the global financial system.