Tether USDT adds 30 million wallets in Q2 2026, total surpasses 534 million

Consistent Growth and User Milestones

Tether reported that its USDT wallet count surpassed 534 million in early 2026, continuing a pattern of rapid expansion. In the fourth quarter of 2025, Tether recorded about 35 million new wallets. CEO Paolo Ardoino emphasized that USDT continues to onboard more than 30 million wallets each quarter, reflecting consistent user growth.

Paolo Ardoino noted that USDT’s user base expands by over 30 million wallets every quarter, underscoring the stablecoin’s appeal across various markets.

Earlier data from Tether showed that in the third quarter of 2024, 36.25 million wallets were added, indicating average quarterly growth close to 9%. By the end of 2025, Ardoino suggested that the total number of USDT users had reached about 500 million, and projections put the number above 530 million in early 2026.

Expansion Across Blockchain Networks

USDT operates on multiple blockchain platforms, such as Ethereum, Tron, TON, and several layer-2 solutions. Its presence on these networks has enabled adoption in diverse global markets, especially for cross-border payments, day-to-day transactions, and as a store of value amid local currency volatility.

Tether’s prominence extends beyond blockchain statistics. More than 100 million people interact with USDT wallets via centralized exchanges, according to market data. As USDT remains the main trading pair on numerous international exchanges, its growing user base has contributed to higher overall market liquidity.

Mini dictionary: TON (The Open Network) is a decentralized blockchain originally developed by Telegram’s team. After the project’s handover, it evolved into a community-driven network supporting smart contracts, NFTs, and decentralized applications.

The widespread use of USDT has established it as an essential asset in digital finance, both for individuals in developed countries and users in emerging economies aiming to safeguard savings from depreciating local currencies.

Stablecoin Market and Financial Backing

Tether’s financial disclosures reveal that, in the first three quarters of 2025, around 174.4 billion USDT tokens were in circulation. These stablecoins are predominantly backed by US Treasury securities, forming the core of Tether’s reserves.

Rival stablecoin USDC continues to experience growth by focusing on regulatory compliance and institutional adoption. Meanwhile, Tether has secured its position as the leading stablecoin among a broad base of grassroots users in regions with limited access to dollar-pegged assets.

The expanding reach and volume of stablecoins underscore their growing significance in global digital finance, providing more than just trading pairs for crypto markets.