USDT issuer Tether is celebrating its 10th anniversary. To commemorate the day, the company released an upcoming documentary titled “Stability and Freedom in Chaos.” The film seeks to highlight the important role USDT has played in the economic lives of people across the country, which is currently experiencing economic crisis and hyperinflation. It provides real-world examples of users from several countries using USDT in their daily transactions, including Brazil, Argentina, and Turkey.
🎬Today marks the 10th anniversary of USD₮!
To commemorate this occasion, we will soon be releasing a documentary titled “Stability and Freedom in Chaos”.
how to travel $USDT is a lifeline for millions of people, fighting inflation and promoting economic freedom around the world. 🌎🤝 pic.twitter.com/oviKmIgpgx
— Tether (@Tether_to) October 6, 2024
10 years of influence
USDT has revolutionized the world of digital currencies since its creation on October 6, 2014. Brock Pierce, Reeve Collins, and Craig Sellers were the first to introduce real coins. However, it soon changed its name to Tether and became the most important stablecoin on a global scale.
Tether previews documentary to commemorate USDT 10th anniversary
According to Crypto Briefing, Tether, the issuer of the USDT stablecoin, has announced that it will soon release a documentary titled “Stability and Freedom in Chaos” to commemorate USDT’s 10th anniversary. this…
— Coinness Global (@CoinnessGL) October 6, 2024
Currently, USDT stands as the third largest cryptocurrency after Ethereum and Bitcoin, with a market capitalization of approximately $120 billion. The main attraction is the possibility of a dollar-pegged currency, which is expected to perform stably in a region where local currency values are continually declining.
For example, USDT accounts for about 90% of daily transactions in Brazil, according to one user. The documentary trailer includes interviews with individuals who talk about how they are using USDT to manage their finances in the face of rising inflation. The purpose of this film is to demonstrate the far-reaching impact of USDT on financial inclusion and empowerment, in addition to practical applications.
USDT’s market capitalization is currently $119 billion. Chart: TradingView
Financial inclusion in a high inflation economy
The documentary maintained that USDT remains a lifeline for people who continue to live in economically distressed areas. In countries like Argentina and Turkey, inflation can really get out of hand, so so many people use USDT to protect their money. Tether CEO Paolo Ardoino emphasized that Tether has always aimed to provide financial products to people who are shunned by the traditional banking system.
Today is the 10th anniversary $USDT and @Tether_to ✨
Tether founded the company with a simple mission. It is about bringing financial inclusion to billions of people, mostly living in developing countries, who cannot have a bank account (because they do not earn enough money). https://t.co/ PdL6gGWDRv
— Paolo Ardoino 🤖🍐 (@paoloardoino) October 6, 2024
He observed that USDT is used as a “digital dollar” by hundreds of millions of individuals around the world, with tens of millions of new wallets being created every quarter.
Ardoino’s vision is clear. Tether’s purpose is to empower communities and individuals who are ignored by traditional financial institutions. As he stated, “Our main goal has consistently been the last mile.”
symbol of fortitude
To commemorate this achievement, Tether is also considering engaging law enforcement agencies to combat crypto-related criminal activity. Tether recently assisted the U.S. Department of Justice in seizing over $6 million related to fraudulent companies. The company has partnered with over 180 enforcement agencies around the world to freeze over $1.8 billion in USDT resulting from illegal activities.
Protoss featured images, TradingView charts
