PANews reported on December 9 that according to Tether Insights data, as of the beginning of the fourth quarter of 2024, the number of on-chain wallets holding USDT reached 109 million, which is twice the number of Bitcoin wallets and close to the number of Ethereum wallets (128 million). The number of USDT wallets has grown 71% over the past year, with small-scale holding wallets (less than $1,000) accounting for the majority. Compared to other stablecoins, the number of USDT wallets is four times the total. The data shows that after the FTX collapse, users are more inclined to self-custody USDT, and the adoption rate of users in emerging market countries has risen rapidly, highlighting the importance of USDT as a financial tool globally.
