Tether, the world’s largest issuer of USD-pegged stablecoins, said its user base has hit 500 million for the first time. “USDT reached officially 500 million users,” CEO Paolo Ardoino said in a post to X. “Likely the biggest financial inclusion achievement in history.” Total supply for Tether’s USDT stablecoin is at nearly $182 billion, according to The Block Data Dashboard. The second-largest issuer is Circle with about $75 billion of USDC in circulation. “Programmable money is the ultimate social network,” Ardoino said Tuesday. “A peer-to-peer construct that transports both information and value.” Last month, Bloomberg reported that El Salvador-based Tether is in talks with investors to raise as much as $20 billion at around a $500 billion valuation, which would make the stablecoin issuer one of the most valuable private companies in the world, alongside high-profile tech companies like OpenAI and SpaceX.

Full report : Tether, the world’s largest issuer of stablecoins, says it has hit 500 million users; the supply of USDT nears ~$182 billion while Circle’s USDC has ~$75 billion in circulation.