Tether celebrates 10 years of USDT supremacy.

Stablecoin issuer Tether is celebrating its 10th anniversary with the success of its flagship product, USDT.

In countries such as Argentina and Brazil, Tether also offers documentation for users to manage currency inflation.

Tether Celebrates 10 Years of ‘Financial Inclusion' for Billions

In an October 6 statement, Tether CEO Paolo Arduino reflected on the company's progress since its inception. He explained Tether's mission to millions of citizens, especially in regions without traditional banking services.

Tether's core product, USDT, a stablecoin pegged to the US dollar, has grown in importance to global users. Ardoino Tether claims to have added “tens of millions” of new wallets every quarter, with a user base now reaching hundreds of millions.

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 people who are left behind,” Arduino said.

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Over the past decade, USDT has grown to become the third largest cryptocurrency by market cap, trailing only Bitcoin and Ethereum. According to DiFilam data, the asset controls 69% of the stable coin market and has a market capitalization of nearly $120 million.

Despite its successes, the USDT faces regulatory hurdles and threats to the reserve. In recent months, several European exchanges have hinted at delisting the stablecoin, citing inconsistency with the regional markets in the Crypto-Assets (MiCA) regulation.

However, Tether is said to be working on a new technology solution tailored for the European market. This reflects its efforts to adapt to evolving regulatory needs around the world.

Read more: 9 Best Crypto Wallets to Store Tether (USDT)

Meanwhile, Tether is expanding beyond stability coin operations. The company is engaged in sectors such as telecommunications, artificial intelligence, education and energy.

Earlier this year, it launched four new divisions – data, finance, energy and education – to drive its vision of future-ready financial systems. These activities are accompanied by huge investments in these industries.

“Tether has become a symbol of diversity, resilience and stability. From financial instruments (stablecoins) to telecommunications (keet), from artificial intelligence to non-stop learning and energy, we believe it is important to empower people, communities, cities and entire countries,” Arduino said.