Odaily Planet Daily reported that Tether CEO Paolo Ardoino stated on the X platform that the market value of USDT has grown 34 times since 2020 (from 4.7 billion dollars to 160 billion dollars), on-chain transaction volume has increased 74 times (from 14.8 billion dollars per month to 1.1 trillion dollars per month), and the number of users has increased 160 times (from 2.8 million to 450 million).