According to BlockBeats, Tether CEO Paolo Ardoino announced on social media that the market capitalization of USDT has increased 34 times since 2020, rising from $4.7 billion to $160 billion. Additionally, on-chain transaction volume has surged 74 times, growing from $14.8 billion per month to $1.1 trillion per month. The number of users has also expanded significantly, increasing 160 times from 2.8 million to 450 million.

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