Tether CEO Paolo Ardoino celebrates the recent quarterly growth of Stablecoin's user base with a Viral Simpsons meme as more global users flock to USDT amid economic volatility.
In a recent post, Ardoino announced that the Stablecoin company has grown its user base throughout the first quarter of 2025. To commemorate his growth, he posted a meme for the long-running American animated series The Simpsons.
In a photo posted by Ardoino, the USDT (USDT) shows the coffee pouring from a jug poured into the cup Lisa Simpson holds.
“The number of USDT users increased by 13% in the first quarter of 2025,” writes Ardoino in his recent post.
The number of USDT users increased by 13% on Q1/2025 pic.twitter.com/sufhypvezw
-Paolo Ardoino🤖 (@paoloardoino) April 14, 2025
Ardoino recently revealed that Stablecoin Firm surpasses more than 400 million users worldwide. However, the company has not revealed an accurate number of users to an almost degree as of the first quarter of 2025. At the time of press, Tether remains the largest Stablecoin company with a market capitalization of $144 billion. It ranks in the third place just below Bitcoin (BTC) and Ethereum (ETH) across the Crypto leaderboard.
Meanwhile, its competitor Circles (USDC) is ranked 7th, with a market capitalization of $60 billion, less than half of USDT's market capitalization.
April 14, 2025, ranking of cryptocurrencies by market capitalization, with Tether taking third place | Source: crypto.news
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What causes the surge in tether users?
The recent surge in USDT users could be attributed to the economic uncertainty that has since triggered the product that has been in the US with President Donald Trump's comprehensive blankets for release day.
Stablecoins provide users with safe shelter assets to store funds that are clearly less volatile compared to other crypto assets. Therefore, many users have chosen to exchange crypto and fiat for stubcoin to protect it from market volatility.
Recently, Bloomberg published a report highlighting that wealthy Indonesians have begun to buy more USDT in recent months as a way to address concerns about economic uncertainty.
According to the report, a private banker said Indonesians with net worth ranging from $100 million to $400 million invest 10% of their assets in crypto. On April 9, Indonesia's rupiah approached a record low of RP16,957 per dollar following tariff tensions.
Since the beginning of March, the USDT-Rupiah pair transactions have now contributed to more than a quarter of the daily volume of Indonesia's crypto exchange Tokocrypto.
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