Tether CEO Paolo Ardoino Says USDT Adds 30 Million New Wallets Every Quarter

• Tether continues to grow rapidly, registering more than 30 million new USDT wallets per quarter.
• This rapid growth is fueled by emerging countries that use Tether to protect themselves from currency inflation.

Fintech companies have taken an awestruck look at the world of digital assets. Recently, the CEO of Tether, Paolo Ardoino, announced some remarkable figures about the user base of the firm. Currently, USDT is seeing more than 30 million new wallets getting added every quarter. In the third quarter of 2024, there were 36.25 million wallets that got onboarded by Tether.

The user base of Tether reached nearly 500 million wallets globally by November 2025. Projections predict that in early 2026, the user base would cross 530 million wallets. Moreover, more than 100 million users are holding USDT on centralized exchanges. The exchange data implies that the reach of Tether goes well beyond the blockchain tracker tools.

As far as the supply is concerned, there is evidence of a remarkable achievement from financial attestations. According to Tether, 174.4 billion USDT tokens were in circulation. There was a complete portfolio of United States Treasuries backing the entire supply.

The Essential Lifeline for Emerging Economies

Indeed, the expansion is an intriguing story that revolves around grassroots adoption. The rapid expansion is driven by true economic need in developing countries. Residents in emerging economies are suffering from high local currency inflation on a regular basis. In this regard, a digital token pegged to the US dollar is a true lifeline for these people. Individuals use USDT for international transfers, their savings, and everyday transactions. Digital assets are used due to the lack of affordable banking infrastructure.

Such explosive growth leaves traditional payment processors lagging. As an illustration, PayPal needed about two decades to achieve 400 million active user accounts worldwide. The competing stablecoin, Circle, shows great potential by working with institutional customers and having strict regulatory compliance. But Tether develops a completely different competitive advantage based on organic consumer adoption.

Analysts see this increase in volume as an essential metric for the whole industry. USDT is used as the main quote currency on the largest exchanges around the world. The increase in supply of stablecoins usually means that there is fresh money flowing into the cryptocurrency space. And it comes both via minting operations performed by institutions and via organic consumer demand.

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