Polygon's USDT0 wallets reached over 8 million by October 2026, but about 48% held less than one cent, questioning the real user base. Since the 2025 upgrade replacing bridged USDT with native USDT0, wallet numbers surged by 1.7 million, with 58% of this rise linked to address poisoning—where fake wallets mimic legitimate ones to trick users. Despite more wallets, the total USDT0 supply on Polygon dropped 41%, and wallets holding at least $10 decreased by 42%, indicating a decline in active, significant holders. This data highlights challenges in measuring true user engagement and the impact of wallet manipulation tactics.
Following the report on Polygon's USDT0 wallets and their challenges with fake addresses, it's notable that Tether USDT on Pluang trades at Rp17.860 with a slight 0.11% decline as of Oct 09, 2026 21:02 WIB. The market cap stands at Rp3.294,64 trillion, and trading activity shows a 59% sell to 41% buy ratio, reflecting steady investor engagement despite the wallet issues highlighted in the news.
Stablecoin supply on Ethereum, Arbitrum One, and Base increased by $403.1 million over a week in October 2026, with Ethereum contributing the largest share of $243 million. Ethereum now holds about 47-48% of the total on-chain stablecoin supply, maki...
On October 9, 2026, Tether blacklisted four THORChain vault addresses on the Tron network, freezing about 1.45 million USDT and stopping THORChain's Tron-based cross-chain swaps. The freeze lasted roughly three hours before Tether removed the blackli...
Wallets linked to a $90 million Ledger distributor hack transferred 430.2 ETH (about $1.07 million) to Tornado Cash on Oct. 9, following Tether freezing related funds. The operators also swapped some USDT for USDD and moved part of the assets to a Bi...
A crypto trader lost 80 Bitcoin, worth about $6.6 million, after transferring them to a new Ledger hardware wallet bought from a reseller named CryptoBilis. The coins were held on the device for 10 days before being stolen in a single transfer. Ledge...
Tether has frozen about $90 million in USDT tokens stolen from Ledger hardware wallet users via a compromised distributor in Southeast Asia. The freeze prevents the stolen USDT from being transferred but does not return funds to victims. Ledger is in...
