Tether User Count Surges 14%, Reaches 400 Million by April 2025

Tether, used by at least 400 million individuals, is seen by Paolo Ardoino as a vital part of a growing stablecoin multiverse.

The number of Tether (USDT) users has surpassed 400 million, representing an increase of 50 million since October 2024, according to CEO Paolo Ardoino's post on X dated March 27. He anticipates that this figure could hit 1 billion shortly.

The dawn of a new epoch: the stablecoin multiverse.

Numerous businesses and governments are launching (or will soon) their own stablecoins.

I am extremely proud to witness the widespread adoption of technology that Tether introduced back in 2014 🙏

Best of luck to everyone ♥️

Tether, the leading stablecoin issuer with a market capitalization of over $144.1 billion for USDT, is continuing to expand across emerging markets and various blockchains. This expansion is part of a larger trend, described by Ardoino as "the stablecoin multiverse," which includes "hundreds of companies and governments launching (or about to) their stablecoins."

The growth of Tether can be attributed to its emphasis on grassroots adoption, as Ardoino noted that the company has taken a different approach compared to traditional financial institutions.

"We always concentrated on adoption from the grassroots level, working among the people, while traditional finance observed us from their ivory towers."

Paolo Ardoino

Ardoino did not specify how Tether arrived at its user estimates or when the company anticipates reaching the 1 billion milestone. However, the stablecoin issuer has experienced rapid growth, particularly across networks like TRON, Ethereum, and other chains.

In October 2024, Tether reported having 350 million users, indicating that the latest figure represents an approximate 14% increase in under six months. Despite this growth, competition in the stablecoin market is intensifying, with Circle, Tether's main competitor, increasing its presence in Asia.

Meanwhile, Tether is focusing on diversifying its investment portfolio. As previously reported by crypto.news, the stablecoin issuer is planning to acquire a 30% stake in Be Water, a Rome, Italy-based broadcast media company.