PANews reported on December 10 that according to Bitcoin.com, Tether's second insight report revealed an important milestone in the adoption of its stablecoin USDT. As of the beginning of the fourth quarter of 2024, 109 million on-chain wallets held USDT. This makes USDT one of the most widely held digital assets, with more than twice the number of Bitcoin holders and close to the 128 million wallets holding Ethereum.
In addition, there are 86 million accounts with USDT deposits on the chain on centralized systems. In the first three quarters of 2024, centralized exchanges received 4.5 billion page views, highlighting their importance in the crypto ecosystem. Crucially, emerging markets accounted for 46% of these site visits, and a large number of users of emerging market exchanges only buy, hold and send USDT on the platform.
USDT remains the market leader with four times more wallets than all other stablecoins combined. As of November 1, 54 million on-chain wallets held more than 1 cent of USDT, four times the 13.8 million wallets that hold all other stablecoins. This comprehensive study covers 97.5% of the stablecoin supply, involving 25 stablecoins on 10 blockchains.
