Key Takeaways:
- Tether celebrates its 10th anniversary by announcing a documentary highlighting USDT’s role in fighting inflation globally.
- USDT accounts for 80% of all crypto transactions in Brazil, underscoring its widespread adoption in countries battling inflation.
- Tether’s CEO emphasized the company’s mission to promote financial inclusion, especially in regions lacking traditional banking access.
Tether, the issuer of the USDT stablecoin, is celebrating its 10th anniversary by releasing a documentary that highlights how USDT has helped users in countries like Turkey, Brazil, and Argentina combat inflation.
The documentary teaser features interviews with users, including one from Brazil who noted that Tether facilitates 90% of the country’s daily transactions.
🎬Today marks 10 years of USD₮ !
— Tether (@Tether_to) October 6, 2024
To celebrate, we’re launching our documentary ‘Stability and Freedom in Chaos’ soon.
Dive into the journey of how $USDT has become a lifeline for millions, fighting inflation and fueling financial freedom worldwide. 🌎🤝 pic.twitter.com/oviKmIgpgx
In 2023, USDT accounted for 80% of Brazil’s cryptocurrency transactions.
Tether, originally launched as Realcoin on October 6, 2014, by Brock Pierce, Reeve Collins, and Craig Sellars, was initially built on Bitcoin’s OmniLayer.
It has since expanded to various blockchains like Ethereum and Tron, becoming the largest stablecoin with a market cap of $120 billion.
Tether CEO Paolo Ardoino emphasized the company’s commitment to financial inclusion, stating that Tether aims to support those excluded from traditional banking, particularly in developing countries, by offering resilient and accessible financial solutions.
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