Teter presented a USDT documentary to celebrate the 10-year milestone
Key receivers
USDT dominates the Brazilian crypto market with 90% of daily trading. Tether's USDT has the highest stable coin rating with a market cap of $120 billion.
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Ten years of bulls and bears, Tether has grown to become one of the key players in the crypto industry. The world's largest stablecoin issuer celebrated its 10th anniversary today with the release of ‘Stability and Freedom in Chaos', a documentary about the USDT and its role in fighting inflation.
🎬 Today is 10 years of American dollars! To celebrate, we'll be premiering our documentary soon. Embark on the journey of how $USDT has become a lifeline for millions, fighting inflation and igniting financial freedom around the world. 🌎🤝 pic.twitter.com/oviKmIgpgx
— Tether (@Tether_to) October 6, 2024
The trailer for the documentary features interviews with users in countries that have experienced a surge in stablecoin adoption in recent years, such as Turkey, Brazil and Argentina. USDT, with a market capitalization of $120 billion, is the largest stable coin and the third largest crypto asset, after Bitcoin and Ethereum.
According to an April report from Caico, Turkey's inflation rate rose last year due to the use of a stable currency. With over $22 billion traded on Binance in 2024, USDT-TRY was the most popular trading pair.
In Brazil, USDT will account for 80% of the total crypto transaction volume in 2023, which is close to $54 billion. In steady state, Brazilians use USDT for daily transactions, Chainalysis reports.
Argentina has even seen demand for USDT, mainly due to ongoing currency devaluation and high inflation. Many Argentines convert their salaries directly into USDT or a similar stable currency to hedge against inflation.
Tether will enter the next decade
In the year Launched on October 6, 2014 by Brock Pierce, Reeve Collins, and Craig Sellars, Tether originally ran on the Omnilayer platform on top of the Bitcoin protocol. It has since expanded to many blockchains, including Ethereum and Tron.
Tether now enters the next decade with its core mission of continuing to empower individuals, communities and nations through technology and financial tools.
Our focus is always (and always will be) the last mile. The rich have ten ways to trade and accumulate wealth. We build financial technology for those left behind,” said Tether CEO Paolo Arduino.
“From financial instruments (stablecoins) to telecommunications, from artificial intelligence to unstoppable learning and energy, we believe in the importance of empowering people, communities, cities and entire nations,” Arduino said.
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