13% Growth in Tether: CEO Uses Simpsons Meme to Celebrate! 🥳

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In a moment of pure unadulterated genius, Tether’s CEO, Paolo Ardoino, decided to announce the stablecoin’s recent 13% growth using a meme from none other than The Simpsons. Yes, you heard that right. When in doubt, go for the meme – it’s clearly the mark of the serious businessperson!

Ardoino, with all the gravitas of a man who’s just solved the global economic crisis (or at least a quarter of it), posted this absolute masterpiece on social media to let us all know that Tether’s user base has expanded by 13% in Q1 2025. And he didn’t just tell us – he showed us. With a meme, naturally. This one features Lisa Simpson, metaphorically holding a cup (of course, the drink is none other than USDT) to represent all the new users gleefully filling their wallets with Tether’s digital delights. 🍵💸

“Number of USDT users grew 13% in Q1/2025,” wrote Paolo, sounding every bit like someone who has just cracked the code to infinite stablecoins. 📈

Number of USDt users grew 13% in Q1/2025

— Paolo Ardoino 🤖 (@paoloardoino) April 14, 2025

As if that wasn’t enough, Paolo went on to reveal that Tether has now surpassed the 400 million-user mark globally. But alas, they’re playing coy, and the exact number of users for Q1 2025 remains a mystery. One can only imagine how many more memes they’ll need to drop to keep us all on tenterhooks. (Spoiler: they probably won’t need any more – they’ve got this meme thing down.)

With a market cap of $144 billion, Tether remains the undisputed leader in the stablecoin arena, comfortably sitting just below Bitcoin (BTC) and Ethereum (ETH) in the overall cryptocurrency rankings. Meanwhile, USDC – Circle’s proud offering – can only dream of such numbers, sitting back at number 7 with a humble $60 billion. It’s almost cute, really.

So, Why The Surge in Tether Users, You Ask?

Ah, good question. Let’s all put on our economic detective hats. 🕵️‍♂️ The recent jump in USDT users seems to be directly tied to the delightful economic chaos unleashed by President Donald Trump’s Liberation Day tariffs. (A truly delightful day for all involved, no?) These tariffs affected more than 180 countries, save for China. As a result, many have turned to stablecoins, which offer a much-needed safe haven from the wild volatility that characterizes most of the crypto world. A wise choice indeed.

Bloomberg recently reported that wealthy Indonesians, no doubt with their fingers poised over their keyboards, have been flocking to USDT as a safe bet in the face of mounting economic uncertainty. These high-net-worth individuals (worth between $100 million and $400 million, naturally) are reportedly putting 10% of their assets into crypto. And to make it all the more dramatic, on April 9, the Indonesian rupiah nearly hit a record low. How utterly thrilling.

Apparently, since March, the trading volume for USDT on Indonesian exchange Tokocrypto has been soaring, accounting for over a quarter of the platform’s daily activity. The sheer excitement is palpable. After all, nothing says “stability” like the digital token of a well-known meme.

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2025-04-14 12:22