Tether CEO Paolo Ardoino recently announced in a post on social media platform X that the stablecoin’s user base had grown by 13% in the first quarter of 2025. To celebrate the growth, Ardoino posted a meme from the popular animated series “The Simpsons,” depicting Tether as coffee being poured from a pot and received by Lisa Simpson, the icon of Tether users in on-chain wallets.

He also announced that Tether has more than 400 million users globally. Although the exact number of users at this time has not yet been announced. Currently, Tether, with a market capitalization of over $144 billion, is known as the largest stablecoin in the cryptocurrency market; while only Bitcoin and Ethereum have higher rankings overall. In contrast, its competitor, Circle, with its USDC stablecoin, with a market capitalization of around $60 billion, has less than half of Tether’s market capitalization.


Tether Users Grow; Why Did Global Users Rush to USDT?

The surge in USDT users in the first quarter of 2025 can be seen as a direct result of economic instability caused by the US government’s trade decisions. After President Donald Trump imposed heavy tariffs on US imports on Liberation Day, many investors turned to assets with less volatility than other cryptocurrencies, such as the stablecoin Tether, to protect the value of their assets.

Meanwhile, a new Bloomberg report shows that the wealthy in Indonesia have also increased their purchases of Tether to protect themselves from economic turmoil. According to the report, some individuals with net worths between $100 million and $400 million have invested about 10% of their capital in the cryptocurrency market. Also, since March alone, more than 25% of the daily trading volume on the Indonesian exchange Tokocrypto has been allocated to the USDT-rupiah currency pair.

This trend shows how geopolitical decisions and economic developments can directly impact capital flows in the cryptocurrency market and global user behavior.