Tether's USDT Surpasses 534 Million Wallets After Adding 30M in Q2

Tether's USDT stablecoin user base continues to grow rapidly, adding 30 million wallets in the second quarter of 2026. This brings the total number of USDT wallets to over 534 million, according to Paolo Ardoino, Tether's CEO. The consistent quarterly growth of more than 30 million new wallets underscores the appeal of USDT across various markets.

The expansion of USDT can be attributed to its presence on multiple blockchain platforms, including Ethereum, Tron, and TON (The Open Network). This has enabled adoption in diverse global markets, particularly for cross-border payments and day-to-day transactions. Additionally, over 100 million people interact with USDT wallets through centralized exchanges.

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