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 ￰0￱ company plans to launch USAT, a new dollar-backed stablecoin for US users, by the end of the ￰1￱ 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.” Related News: HOT MOMENTS: Bitcoin Soars - We're Above $113,000, What's Driving the Surge?

The total supply of USDT stands at approximately $182 ￰2￱ closest competitor, Circle, has approximately $75 billion worth of USDT in ￰3￱ 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 ￰4￱ to the report, Cantor Fitzgerald is advising Tether on the potential ￰5￱ new stablecoin, USAT, is being designed specifically for the US ￰6￱ country's new regulatory framework has increased interest in the stablecoin space from both cryptocurrency companies and traditional financial ￰7￱ also announced that it will release a short documentary shot in Kenya to celebrate reaching 500 million users. *This is not investment ￰8￱ Reading: Tether (USDT) Made an Official Announcement, Signaling a New Milestone