{"id":122202,"date":"2021-04-22T16:15:33","date_gmt":"2021-04-22T16:15:33","guid":{"rendered":"https:\/\/precoinnews.com\/?p=122202"},"modified":"2021-04-22T16:15:33","modified_gmt":"2021-04-22T16:15:33","slug":"tether-usdt-active-addresses-exceed-6m-3m-on-eth-and-3m-on-tron","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/ethereum\/tether-usdt-active-addresses-exceed-6m-3m-on-eth-and-3m-on-tron\/","title":{"rendered":"Tether (USDT) Active Addresses Exceed 6M, 3M on ETH and 3M on TRON"},"content":{"rendered":"<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2019\/08\/tether2-768x429.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/secure.gravatar.com\/avatar\/12e7e4f671062cb1cefcc54d75fad365?s=50&#038;d=retro&#038;r=g\" width=\"50\" height=\"50\" alt=\"Avatar\" class=\"avatar avatar-50 wp-user-avatar wp-user-avatar-50 photo avatar-default\" \/><\/p>\n<ul>\n<li><strong>USDT active addresses have exceeded 6 million<\/strong><\/li>\n<li><strong>Half the amount is on Ethereum with the other half on Tron<\/strong><\/li>\n<li><strong>Tether&#8217;s market cap has exceeded $48B and still dominating the stablecoin market worth $75.4 Billion<\/strong><\/li>\n<li><strong>Tether&#8217;s growth has been organic based on the growth of the crypto markets and DeFi<\/strong><\/li>\n<\/ul>\n<p>The number of USDT active addresses has exceeded 6 million. This milestone by USDT was shared by the CTO of Bitfinex and Tether, Paolo Ardoino, who also highlighted that the distribution of these addresses is even between Ethereum and Tron at 3 million each. Mr. Ardoino shared this milestone by Tether through the following tweet.<\/p>\n<p>$USDt has now passed 6M active addresses, 3M on #Ethereum , 3M on #TRON<\/p>\n<p>&mdash; Paolo Ardoino (@paoloardoino) April 19, 2021<\/p>\n<\/p>\n<h2>Tether&#8217;s Market Cap Increases by a Factor of 11.27x in 1 Year<\/h2>\n<p>A quick look at CoinGecko reveals that the total market capitalization of Tether (USDT) currently stands at $48.5 Billion. Tether&#8217;s market cap has experienced exponential growth, with April of last year being a monumental tipping point for the stablecoin as highlighted in the following chart courtesy of the tracking website.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/04\/USDT-market-cap-April-19th-1024x448.jpg\">April of 2020 began with Tether&#8217;s market cap standing at roughly $4.3 Billion. Comparing this value with the current market cap of $48.5 Billion reveals that the USDT in circulation has grown by a factor of 11.27x in the last year. This is a 1,027% increment in the stated time period.<\/p>\n<h2>Tether Continues to Dominate the Stablecoin Arena worth $79.35 Billion<\/h2>\n<p>Tether has also continued with its dominance of the stablecoin market that is currently worth a total of\u00a0 $79.35 Billion. The chart below, courtesy of CoinGecko, provides a visual cue of Tether&#8217;s growth in the last year relative to other popular stablecoins such as USD Coin (USDC), Binance USD (BUSD) and DAI.<\/p>\n<h2><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/04\/Stablecoin-total-marketcap-April-19th.jpg\">Tether&#8217;s Growth is in Tandem with the Growth of Bitcoin, DeFi and the Crypto-Markets<\/h2>\n<p>Connecting the dots, the growth of Tether seen through its 6 million active addresses and an ever-growing market cap, reveals that USDT&#8217;s rise has been in tandem with the growth of Bitcoin, Defi and the entire crypto markets in the last year.<\/p>\n<p>Going back in time once again, Bitcoin was valued at roughly $7k in April 2020 with the total crypto market cap standing at only $177 Billion. In the one-year period since then, Bitcoin has posted an all-time high of $64,800 and the crypto markets have hit a peak value of $2.3 Trillion. Furthermore, the one-year period since April 2020, has seen the rise of DeFi on both Ethereum and Tron.<\/p>\n<p>All these events lead to the conclusion that the rise of USDT has been organic and based on its demand in the crypto-verse.<\/p>\n<p>Source: <a href=\"https:\/\/en.ethereumworldnews.com\/tether-usdt-active-addresses-exceed-6m-3m-on-eth-and-3m-on-tron\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>USDT active addresses have exceeded 6 million<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tether (USDT) Active Addresses Exceed 6M, 3M on ETH and 3M on TRON - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/ethereum\/tether-usdt-active-addresses-exceed-6m-3m-on-eth-and-3m-on-tron\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tether (USDT) Active Addresses Exceed 6M, 3M on ETH and 3M on TRON - 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