Tether Celebrates 10 Years of Stability with USDT Documentary

Tether marks its 10th anniversary with the release of a documentary highlighting the role of USDT in inflation-stricken countries. The stablecoin, with a $120 billion market cap, dominates Brazil’s crypto market and has become a financial refuge in countries like Argentina and Turkey.

Tether, the issuer of the world’s largest stablecoin USDT, commemorates its 10-year milestone with the launch of a documentary titled “Stability and Freedom in Chaos.” This documentary explores USDT’s role in offering stability during economic crises, particularly in countries like Turkey, Brazil, and Argentina, where inflation has driven people to stablecoins as a financial lifeline.

USDT, with a market cap of $120 billion, ranks as the top stablecoin and the third-largest cryptocurrency, behind Bitcoin and Ethereum. Over the past decade, Tether has grown from its initial launch on the OmniLayer platform to operating on multiple blockchains like Ethereum and Tron.

The documentary’s trailer features interviews with users who share their stories of using USDT to preserve wealth amidst economic instability. In countries like Turkey, where inflationary pressures remain high, stablecoin adoption has surged. An April report from Kaiko revealed that USDT-TRY was the most popular trading pair on Binance in 2024, with over $22 billion in trading volume.

In Brazil, USDT dominates daily crypto transactions, accounting for 80% of the market’s total volume in 2023, amounting to $54 billion. Chainalysis reports that Brazilians have turned to USDT for its stability in everyday transactions. Meanwhile, Argentina has seen even higher demand for USDT as its citizens convert their earnings into the stablecoin to protect against ongoing currency devaluation and hyperinflation.

Looking Forward:

Founded on October 6, 2014, by Brock Pierce, Reeve Collins, and Craig Sellars, Tether has evolved beyond a simple cryptocurrency and into a financial tool that empowers people globally. With its eyes on the future, Tether is committed to expanding its influence by developing financial technology for communities left behind by traditional systems.

“Our mission is to focus on empowering individuals, cities, and entire nations,” said Tether CEO Paolo Ardoino. “From financial tools like stablecoins to energy and education, we’re dedicated to providing solutions that bring freedom and stability to those who need it most.”

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