Tether user base hits 400m, up 14% since October 2024
With Tether now used by — conservatively — over 400 million people, Paolo Ardoino calls it part of a stablecoin multiverse that is only getting started.
Tether’s ( USDT ) user base has exceeded 400 million, growing by 50 million since October 2024, CEO Paolo Ardoino announced in a March 27 post on X , predicting it could reach 1 billion soon.
A new era begins : the stablecoin multiverse. Hundreds of companies and governments are launching (or will soon) their stablecoins. I'm very proud to see such massive adoption of a technology that Tether created back in 2014 🙏 Good luck everyone ♥️
Tether, the largest stablecoin issuer with USDT’s market capitalization exceeding $144.1 billion, continues expanding across emerging markets and multiple blockchains, what Ardoino described as part of a broader trend, calling it “the stablecoin multiverse” and noting that “hundreds of companies and governments are launching (or will soon) their stablecoins.”
The Tether CEO attributed the company’s growth to its focus on grassroots adoption, suggesting the company has taken a different approach from traditional financial institutions.
“We always focused on the adoption from the ground up, working in the streets, among other people, while traditional finance was watching at us from their ivory towers.”
Paolo Ardoino
Ardoino didn’t provide details on how Tether calculated its user estimates or how soon the company expects to reach the 1 billion mark. However, the stablecoin issuer has seen its expansion growing rapidly, particularly across networks like TRON, Ethereum, and other chains.
In October 2024, Tether reported 350 million users, suggesting that the latest figure represents an approximate 14% increase in less than six months. Still, competition in the stablecoin market is heating up, with Tether’s main rival Circle continuing to strengthen its presence in Asia.
Meanwhile, Tether is focusing on diversifying its investment portfolio. As crypto.news reported earlier, the stablecoin issuer is preparing to acquire a 30% stake in Be Water, a broadcast media company based in Rome, Italy.
BTC Has 75 % Shot At New ATH, Says Analyst
Predictions shape the crypto market, especially when they come from seasoned analysts. As Bitcoin surpasses $85,000, attention turns to its outlook. One statement stands out: Timothy Peterson estimates a 75 % probability that BTC will reach a new ATH by the end of the year. His analysis is based on historical network data, far from risky speculation. As the halving approaches, this forecast fuels debates and could well influence investor decisions.
In a post published on March 24 on the social network X (formerly Twitter), Timothy Peterson, an economist specializing in the analysis of the Bitcoin network , claims that BTC has “a 75 % chance of reaching a new all-time high in the next nine months.”
This projection relies on a ten-year study of Bitcoin price data, analyzed from a seasonal perspective. Thus, he specifies that BTC is currently operating “near the lower bound of its historical range”, which would statistically strengthen the probabilities of a rebound.
He also points out that “Bitcoin has a one in two chance of gaining more than 50 % in the short term”, indicating a favorable setup for a bullish acceleration in the coming months.
This analysis by Peterson is based on several key observations from his seasonal model:
The approach developed by Timothy Peterson aims to be objective, grounded in tangible historical data rather than short-term market signals. It informs about a potential cyclical dynamic of Bitcoin and implicitly reminds that even a high probability is not a certainty.
Beyond statistical models, other indicators enrich market analysis. According to Crazzyblockk, an analyst at CryptoQuant, the price range between $84,000 and $85,000 currently constitutes a critical threshold for institutional investors and whales .
He indicates on March 25 that “the realized price for short-term whales is $91,000”, but most heavily active addresses have an average cost basis in this lower range. This price level thus acts as a strategic support zone: a drop below could encourage selling and lead to a marked correction.
CryptoQuant data further confirms favorable seasonal trends for Bitcoin. Indeed, the months of April and October record the best annual performances for BTC. This time factor, combined with well-identified technical thresholds, presents a fertile ground for a bullish progression, particularly if demand remains strong in the context of the imminent halving.
In sum, these analyses reveal a conjunction of favorable signals, both technical and behavioral. If Bitcoin were to sustainably exceed $90,000, the probabilities of a new ATH could quickly strengthen. Conversely, a drop below this critical threshold could trigger defensive volatility .