Tether Surpasses 650 Million Users, Expands into AI with Developing Markets in Focus

Tether, the issuer of the world's largest stablecoin USDT, has announced that its products now reach more than 650 million users globally. This figure makes Tether one of the most widely used financial technology platforms in existence.

The user base is a significant milestone for the company, which has long dominated the stablecoin sector through USDT. The token's circulating supply stands at around $183 billion.

Tether CEO Paolo Ardoino framed the move as a pivot beyond the core stablecoin business into artificial intelligence applications designed specifically for developing economies. He distanced Tether from its traditional cryptocurrency label, saying 'It's been a while since we've considered ourselves crypto.'