Tether, the issuer behind the top stablecoin USDT, has reached an important milestone with 500 million users worldwide. According to a post on X, its total supply is nearing $182 billion, showing a growing trust in and adoption of digital assets.
Tether’s Role in the Digital Economy
As the demand for digital dollars increases, particularly in areas dealing with inflation or limited banking options, Tether is becoming more popular. Its use across blockchain networks like Ethereum, Tron, and Solana makes it more useful and accessible.
Tether CEO Paolo Ardoino celebrated the company’s milestone and highlighted the power of programmable money. He said, “Programmable money is the ultimate social network.” Ardoino pointed out that stablecoins like Tether do more than move value; they connect people.
Using smart contracts and blockchain technology, programmable money allows borderless, instant, and transparent transactions. This helps create new economic systems that include millions of people who were previously excluded.
Notably, Tether’s growth is not just a technological achievement; it also represents social and economic progress. Whether for remittances, savings, DeFi participation, or merchant payments, Tether enables real-world uses that improve lives.
Tether Reports Strong Q2 Results
In July, Tether International publicly shared its financial report for the second quarter of 2025. BDO, a global accounting firm, confirmed that Tether’s financial records are accurate and that tangible assets fully back its USDT stablecoin. It also shows that the company is growing steadily and gaining more trust around the world as a reliable digital dollar provider.
As reported, Tether issued over $13.4 billion in new USDT during Q2 2025. This brings the total stablecoin in circulation to over $157 billion, a $20 billion increase since the start of the year.
The steady rise in demand shows that USDT is seeing constant widespread adoption. In many regions, stablecoin is seen as a key tool for payments, savings, and financial inclusion. This is especially in areas with limited or no access to traditional banking services.
Tether Launches US Stablecoin USA₮
Last month, Tether announced the launch of a new stablecoin called USA₮. Notably, the token will be regulated in the United States and backed by the U.S. dollar.
At the same time, the company named Bo Hines as the future Chief Executive Officer of Tether USA₮. Intriguingly, the move signals a push to bring the dollar further into digital markets under stronger oversight.
The new stablecoin is being created to work within American rules. Tether said USA₮ will follow the GENIUS Act, the new law passed to guide stablecoin issuers in the country. The token will be issued by Anchorage Digital, a federally regulated crypto bank. Cantor Fitzgerald will serve as the reserve custodian, making sure the dollar assets are safe.
It is also worth noting that daily use of USA₮ is higher than that of many leading credit card and money transfer companies.