Tether unveils USDT documentary to celebrate its tenth anniversary

Share this article

Ten years of up and down, Tether has become one of the key players in the crypto industry. The issuer of the world’s largest stablecoin today commemorates its 10th anniversary with the release of “Stability and Freedom in Chaos,” a documentary about USDT and its role in fighting inflation.

🎬Today marks 10 years of USD₮!
To celebrate, we are soon launching our documentary “Stability and Freedom in Chaos”.
Dive into the journey of how $USDT has become a lifeline for millions, fighting inflation and fueling financial freedom around the world. 🌎🤝 pic.twitter.com/oviKmIgpgx

– Tether (@Tether_to) October 6, 2024

The documentary’s trailer features interviews with users from inflation-hit countries like Turkey, Brazil and Argentina, where stablecoin adoption has increased in recent years. USDT, with a market capitalization of $120 billion, is the largest stablecoin and the third largest crypto asset, after Bitcoin and Ethereum.

An April report from Kaiko reveals that inflationary pressures in Türkiye have been the driving force behind the growing use of stablecoins over the past year. With over $22 billion traded on Binance in 2024, USDT-TRY was the most popular trading pair.

In Brazil, USDT accounted for 80% of the total crypto trading volume in 2023, or around $54 billion. Brazilians use USDT in daily transactions due to its stability, Chainalysis reported.

Argentina has seen even greater demand for USDT, mainly due to the current devaluation of the currency and high inflation rates. Many Argentines convert their salaries directly to USDT or similar stablecoins to protect against inflation.

Tether enters the next decade

Launched on October 6, 2014 by Brock Pierce, Reeve Collins and Craig Sellars, Tether initially ran on the OmniLayer platform on the Bitcoin protocol. It has since expanded to several blockchains, including Ethereum and Tron.

Tether now enters the next decade with the core mission of continuing to empower individuals, communities and nations through technology and financial tools.

“Our focus has always been (and always will be) the last mile. The wealthy already have dozens of ways to transact and store their wealth. We are building financial technology for people left behind,” said Paolo Ardoino, CEO of Tether.

“From financial tools (stablecoins) to telecommunications, from artificial intelligence to unstoppable education and energy, we believe in the importance of empowering people, communities, cities and entire countries,” he said. Ardoino said.

Share this article