Tether Marks 10th Anniversary with USDT Documentary
Tether, the biggest stablecoin issuer, marked its 10th anniversary with an announcement of a documentary on USDT’s role in fostering financial inclusion and combating inflation.
USDT in the Spotlight for Operations in Inflation-hit Economies
The interviews with users from inflation-stricken countries like Turkey, Brazil, and Argentina made up the trailer for the documentary. The stablecoin has been hailed as a godsend tool. One interviewee was quoted as saying: “Tether with USDT is like 90% of the transactions that Brazil makes during the day.” That gives a pretty good idea of how widespread USDT usage has become as a substitute for the more conventional fiat currencies in high-inflation markets.
USDT: A Stablecoin Revolution
Since its launch on Oct. 6, 2014, the company has greatly reformed the way people understand stablecoins. From being an asset based on Bitcoin only on the OmniLayer protocol, the stablecoin has expanded into several blockchains, including Ethereum and Tron. The capability of USDT to retain a 1:1 ratio with any fiat currency forever solidified its spot in the crypto world, holding a market cap of $120 billion and making it the third-largest cryptocurrency worldwide.
Financial Inclusion for the “Left Behind”
Tether’s CEO, Paolo Ardoino has long identified his firm’s mission as providing financial services to people left behind by the banks. Recently, on X, Ardoino told followers that Tether is committed to building underbanked regions into financial solutions so people and communities have access to the economic tools they otherwise wouldn’t.
Celebrating a Decade of Stability and Innovation
As of 2024, Tether turns 10 years, but the growth trajectory of the stablecoin does not seem to go slow. This upcoming documentary will give a view of how Tether has bridged the gaps in the financial lives of many people in the world by giving them stability during economic uncertainty.
