Tether: As of the beginning of the fourth quarter, the number of USDT holding wallets reached 109 million.

TechFlow reports, on December 9, according to the latest data from Tether, at the beginning of the fourth quarter of 2024, the number of wallets holding USDT on-chain reached 109 million, four times the combined total of all other stablecoins. The number of USDT wallets holding more than $0.01 amounted to 54 million, compared to just 13.8 million for other stablecoins. Over the past year, the number of USDT wallets grew by 71%, following a 129% increase the previous year.

In addition, 86 million accounts on centralized platforms have received on-chain USDT deposits. In the first three quarters of 2024, exchanges recorded 4.5 billion network visits, with 46% originating from emerging markets. Philip Gradwell, Tether's head of economics, stated that among the total 330 million on-chain users, at least one-third and possibly as many as half are currently holding USDT, highlighting its significance as a store of value.