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148 sats \ 4 replies \ @0xbitcoiner 13h \ on: Tether Fun Unbelievable Details - Part I bitcoin
What I find most ridiculous is that $100k minimum redeem. Their ads say you can always swap 1 for 1, but then you've got this massive limit. I get that there needs to be a minimum, but not that much!
You can probably trade anything less than $100k at any of the big exchanges.
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Yeah, you can do it, but it’s not a 1:1 ratio. Feels those limit they use to stop a bank run.
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Interesting point. I wonder if i could find out demographics of their holders: mostly small scale or mainly large with the small fry not actually making too large a percent of the total issuance.
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I’ll look into it, but it’s probably not gonna be easy. Tether’s like a pitch-black room!
edit @Scoresbyhttps://coinlaw.io/tether-statistics/
Updated on: June 26, 2025
Pretty solid stats on Tether. Just leaving out the distribution part.
Wallet Distribution and On-Chain Activity
- There are now 10.7 million active USDT-holding addresses, up 19.2% year-over-year.
- The top 100 addresses hold around 37% of the total supply, down from 41% in 2023, indicating improved distribution.
- The average USDT wallet holds about $970, although this figure varies widely between exchanges and self-custody wallets.
- Over 43 million USDT transfers were recorded on-chain in January 2025 alone.
- DEX transaction volume using Tether exceeded $19 billion in February 2025.
- Tether is among the top 3 most used assets on Ethereum, Tron, and Arbitrum by daily transaction count.
- On Tron, Tether is the most transferred token, averaging 4.1 million transactions per week.
- The number of non-custodial wallets holding Tether rose by 22% from 2024, driven by demand for DeFi and privacy.
- More than 1.4 million smart contracts have interacted with USDT on-chain as of Q1 2025.
- Wallet analytics tools like Nansen and Glassnode track over $48 billion in cold-storage Tether balances.
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