The post Tether’s USDT Stablecoin Reaches 500 Million Users appeared on BitcoinEthereumNews.com. US dollar-pegged stablecoin Tether hit its 500 millionth user on Tuesday, offering a means to transact and save for those who have been excluded by the traditional banking system. “Likely the biggest financial inclusion achievement in history,” Tether CEO Paolo Ardoino wrote in a post on X. Source: Paolo Ardoino Tether said the figure represents 500 million “real people,” not simply Tether (USDT) wallets, suggesting its stablecoin has now been used by around 6.25% of the world’s population. The World Bank Group estimates there are 1.4 billion adults who don’t have access to a bank account globally. Crypto is one potential solution to the problem, as anyone with a phone can download a crypto wallet to receive money and store funds securely. Crypto can also be beneficial for those who live in high-inflation countries or nations where the risk of having one’s funds seized is real. USDT is helping people and small businesses in Kenya To celebrate the milestone, Tether shared a 10-minute documentary showcasing USDT adoption in Kenya, where people turn to stablecoins “not for speculation, but for survival.” Ardoino noted that 37% of USDT users hold the stablecoin as a store of value. It also highlighted how small businesses have been forced to turn to USDT to pay for imports as an alternative to the weakening Kenyan shilling, providing a lifeline to keep those companies afloat. Related: Tether to launch USAT, names ex-Trump adviser as CEO USDT is by far the largest stablecoin, with a market cap of $182.4 billion, representing a 58.4% market share, according to CoinGecko. Circle’s USDC (USDC) comes in next at 76.8 billion. Tether could be worth half a trillion dollars Last month, Tether was said to be in talks with investors to raise up to $20 billion at around a $500 billion valuation,… The post Tether’s USDT Stablecoin Reaches 500 Million Users appeared on BitcoinEthereumNews.com. US dollar-pegged stablecoin Tether hit its 500 millionth user on Tuesday, offering a means to transact and save for those who have been excluded by the traditional banking system. “Likely the biggest financial inclusion achievement in history,” Tether CEO Paolo Ardoino wrote in a post on X. Source: Paolo Ardoino Tether said the figure represents 500 million “real people,” not simply Tether (USDT) wallets, suggesting its stablecoin has now been used by around 6.25% of the world’s population. The World Bank Group estimates there are 1.4 billion adults who don’t have access to a bank account globally. Crypto is one potential solution to the problem, as anyone with a phone can download a crypto wallet to receive money and store funds securely. Crypto can also be beneficial for those who live in high-inflation countries or nations where the risk of having one’s funds seized is real. USDT is helping people and small businesses in Kenya To celebrate the milestone, Tether shared a 10-minute documentary showcasing USDT adoption in Kenya, where people turn to stablecoins “not for speculation, but for survival.” Ardoino noted that 37% of USDT users hold the stablecoin as a store of value. It also highlighted how small businesses have been forced to turn to USDT to pay for imports as an alternative to the weakening Kenyan shilling, providing a lifeline to keep those companies afloat. Related: Tether to launch USAT, names ex-Trump adviser as CEO USDT is by far the largest stablecoin, with a market cap of $182.4 billion, representing a 58.4% market share, according to CoinGecko. Circle’s USDC (USDC) comes in next at 76.8 billion. Tether could be worth half a trillion dollars Last month, Tether was said to be in talks with investors to raise up to $20 billion at around a $500 billion valuation,…

                                                                               Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week.                     Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more