Stablecoin issuer Tether announced the release of a documentary on USDT's impact on inflation to mark the company's anniversary.

Documentary on USDT

The Tether documentary teaser features interviews with users leveraging the stablecoin in countries like Turkey, Brazil, and Argentina to combat inflation. One interviewee claims, 'Tether with USDT is like 90% of the transactions that Brazil makes during the day.'

History of Tether

Tether's first tokens were launched on October 6, 2014. Entrepreneur Brock Pierce founded the project with Reeve Collins and engineer Craig Sellars. Initially using an OmniLayer platform on the Bitcoin protocol, USDT later expanded to other blockchains such as Ethereum and Tron. Tether's market capitalization today stands at $120 billion, making it the leading stablecoin.

Financial Inclusion for All

Tether CEO Paolo Ardoino stated the company is a 'symbol of disintermediation, resilience and stability.' He emphasized the firm's focus on providing financial technology for those without access to traditional banking services: 'Our focus has always been the last mile. We build financial tech for the people left behind.'

Tether continues to play a vital role in the financial world by offering solutions to combat inflation and provide financial inclusion for those in need.