Tether's USDT Market Cap and User Base Experience Significant Growth

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.