Tether, the issuer behind the leading stablecoin USDT, has marked its decade of existence with a documentary that underscores USDT’s role in combating inflation and supporting economic stability across various countries.

USDT’s Role In Economic Stability

To commemorate its 10th anniversary, Tether has released a documentary highlighting USDT's impact on fighting inflation. The film features real stories from people in countries like Turkey, Brazil, and Argentina who use USDT as a lifeline against economic instability. Tether's CEO, Paolo Ardoino, reaffirmed the company's commitment to supporting those underserved by traditional banking.

A New Global Currency in Action

The documentary’s trailer reveals stories of how Tether has seamlessly integrated into the daily lives of people in inflation-hit countries. In Brazil, an interviewee revealed that around 90% of their daily transactions are made using USDT. USDT adoption in Brazil surged in 2023, making up 80% of all crypto transactions.

Tether Over the Past Decade of Innovation

Since its inception in 2014, Tether has evolved significantly. Initially functioning on the OmniLayer platform, it later expanded to operate across various blockchains like Ethereum, Tron, and The Open Network (TON). Today, USDT boasts a market capitalization of over $120 billion, solidifying its position as the largest stablecoin.

Over the past decade, Tether has established itself as a global leader in stablecoins, providing unique financial solutions and ensuring stability in times of global uncertainty.