Interesting observation that Paolo Ardoino, CEO of Tether, recently brought up. He drew attention to the distribution of USDT over the past 12 months, and what caught my eye was this: the largest individual sender accounted for only 4.97% of the total USDT volume moved. To give an idea of how significant this number is, in other stablecoins, this percentage rises to 23.34%.

This shows something quite interesting about how USDT is distributed. It’s not concentrated among a few players, which is quite different from what we see out there. Tether has always emphasized that USDT was designed precisely to reach people ignored by traditional financial systems — those without easy access to banking services.

And the numbers speak for themselves: over 550 million users in emerging markets rely on USDT for their transactions. That’s no small thing. It’s people in regions where access to stable and reliable currency makes all the difference in daily life. When you see a sender controlling less than 5% of the total flow, you realize that the network is truly decentralized in practice, not just in theory.