Bitget Distributes 1.9 Million USDT to 760,000 Users in First Stand Together Program Batch
The distribution represents the first batch of the program and covers a large group of Bitget users. Chen disclosed the figures in an update cited by Cointelegraph, providing details on both the amount distributed and the number of recipients.
Bitget Completes First Distribution Batch
According to the figures shared by Chen, 1.9 million USDT was distributed among 760,000 users in the initial batch of the Stand Together Program.
The distribution figure refers specifically to the first batch, meaning it does not represent the total amount that may ultimately be distributed through the program. The information provided by Cointelegraph did not include additional details on the program's total allocation, eligibility requirements or the timing of subsequent batches.
The 760,000 recipients also represent the number of users covered in this initial distribution. Bitget did not provide further details in the cited post about how individual distribution amounts were determined.
Gracy Chen Shares Distribution Figures
Chen, who serves as Bitget's chief executive officer, provided the figures referenced by Cointelegraph. Her disclosure identifies both the amount of USDT distributed and the number of users receiving funds during the first batch.
The use of USDT means the distribution was denominated in Tether's dollar-pegged stablecoin rather than being described in terms of Bitget's native token or another cryptocurrency. The original information did not specify whether all recipients received identical amounts.
Based on the figures provided, the reported 1.9 million USDT was distributed across 760,000 users in the first batch. The source did not provide a breakdown of payments by user, geographic market or account type.
Further Program Details Remain Unspecified
The announcement establishes the scale of the first Stand Together Program distribution but does not disclose the program's broader distribution schedule. Cointelegraph's report did not state when another batch would be released or whether additional users would be included.
It also did not provide details on the criteria used to determine eligibility or the methodology used to calculate individual allocations. Those details would be necessary to assess how the first batch was structured beyond the aggregate figures released by Chen.
For now, the specific figures disclosed for the program's initial distribution are 1.9 million USDT and 760,000 users, with further details on subsequent batches not included in the cited announcement.
Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
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