The stablecoin USDT has officially exceeded 500 million users, covering approximately 6.25% of the global population, according to Tether, the token’s issuer. CEO Paolo Ardoino described this milestone as “possibly the largest achievement in financial inclusion in history.”
Real Users, Real Impact
Tether emphasized that the figure reflects real people, not just crypto wallets, highlighting genuine adoption of USDT as both a store of value and a payment tool. The stablecoin, pegged to the U.S. dollar, has increasingly become a lifeline for those with limited access to traditional banking services.
According to World Bank estimates, around 1.4 billion adults worldwide remain outside the formal financial system. Tether suggests that cryptocurrencies offer an alternative path to financial integration, allowing anyone with a smartphone to create a wallet, receive payments, and store funds securely.
USDT in Action: Supporting Businesses in Kenya
To commemorate the 500-million-user milestone, Tether released a 10-minute documentary showcasing USDT adoption in Kenya. Local entrepreneurs use the stablecoin not for speculation, but as a practical solution for business continuity amidst fluctuations in the Kenyan shilling.
Small businesses leverage USDT for import payments, maintaining operational stability and protecting their livelihoods. This real-world use case underlines how digital assets can bridge gaps in economies with limited banking infrastructure.
Market Position and Expansion
As of October 2025, USDT’s market capitalization stands at $182.5 billion, representing 57.4% of the stablecoin market, compared to $76.8 billion for USDC, its closest competitor.
Tether is also expanding beyond stablecoins. The company recently invested in Kenyan fintech startup Kotani Pay, enhancing local on-chain payment infrastructure. CEO Ardoino emphasized that these moves aim to advance financial inclusion across African markets.
In addition, Tether, together with Antalpha, plans to raise $200 million to develop XAUT, a gold-backed stablecoin. Hong Kong-based DL Holdings and Antalpha are investing $200 million into tokenized gold and Bitcoin mining, creating what Tether calls a “golden triad of digital finance.”
The company also has ambitions to raise up to $20 billion through private placement, potentially reaching a $500 billion valuation, positioning itself alongside major innovators like OpenAI and SpaceX, with strategic plans in AI, energy, and media sectors.
