Tether's 400M User Milestone Sparks Activity on ETH and TRX Networks

Tether has crossed the 400 million user mark, achieving a 14% growth since October 2024, as announced by CEO Paolo Ardoino. The news underlines a grassroots approach to adoption, with Tether’s innovative stablecoin platform now integrated across multiple blockchains such as Ethereum and TRON. This surge is part of what Ardoino describes as the beginning of a 'stablecoin multiverse,' where hundreds of companies and governments are also launching their own digital currencies. Tether’s rapid user growth, adding 50 million users in less than six months, reflects the strong appeal of its technology since its inception in 2014. The expansion not only fuels Tether’s market capitalization, reported at over $144.1 billion, but is also expected to boost transactional volumes and network activity on the underlying blockchains. In addition to user growth, Tether is diversifying its investments, notably with a planned acquisition of a 30% stake in an Italian broadcast media company. The developments signal an evolving digital asset ecosystem where network effects on chains like Ethereum and TRON may benefit significantly from increased stablecoin usage.