USDT supply hits 175B
Key Takeaways
- Tether's USDT stablecoin supply has hit 175 billion tokens.
- This achievement underscores USDT's continued dominance and growth in the stablecoin sector.
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Tether’s USDT supply reached 175 billion tokens, according to CoinGecko data. The milestone marks continued growth for the flagship stablecoin from Tether, a stablecoin issuer positioning itself as “The Stable Company.”
Tether has been advancing USDT as a tool for financial inclusion in developing regions by creating extensive physical and digital distribution networks for remittances and daily transactions. Competitors are adopting USDT’s technology and strategies as a template, indicating its influence on the broader stablecoin ecosystem.
The company is expanding beyond stablecoins with initiatives like the Wallet Development Kit, enabling non-custodial mobile wallets that support Bitcoin and decentralized finance ecosystems.
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