Tether: 109 Million Wallets Held in USDT at Beginning of Q4

On 9 December, Tether's latest data showed that at the beginning of the fourth quarter of 2024, there were 109 million wallets holding USDT on-chain, four times the number of wallets holding all other stablecoins combined. The number of USDT wallets holding more than $0.01 was 54 million, compared to 13.8 million for all other stablecoins. The number of USDT wallets has grown by 71 per cent over the past year and 129 per cent the year before.

In addition, 86 million accounts on centralised platforms have received on-chain USDT deposits. 4.5 billion web visits were made to exchanges in the first three quarters of 2024, with 46% of those coming from emerging markets. philip Gradwell, head of economics at Tether, said that of the total of 330 million on-chain users, at least a third, and possibly as many as half, are expected to currently hold USDT, underscoring its status as a major stablecoin. Philip Gradwell, head of economics at Tether, said that of the total 330 million on-chain users, it is expected that at least one-third, and possibly as many as half, currently hold USDT, highlighting its importance as a store of value.