Tether, a leading stablecoin issuer, is celebrating its 10th anniversary and 10 years of innovation that have contributed to the advancement and development of the digital asset landscape.
According to Tether’s press release, the cryptocurrency company will be releasing a documentary titled “Stability and Freedom in Chaos” to commemorate the anniversary. The documentary focuses on Tether’s impact in countries like Turkey, Argentina, and Brazil, where Tether’s pioneering product USDT has become a lifeline for millions of users battling soaring inflation. .
Tether’s journey so far
Since its founding in 2014, the company has experienced impressive growth in blockchain, centralized exchanges, and active users across regions. In 2024, Tether’s users across multiple markets will grow to 350 million, demonstrating USDT’s growing utility and popularity.
Tether has also shown consistent growth in daily, weekly, monthly, and annual active users of USDT, reinforcing the asset’s reputation as the go-to stablecoin for everyday transactions and institutional investors. He said he is doing so. The company also has a wide range of stablecoins pegged to fiat currencies other than the US dollar.
“Tether’s multi-chain support, found on blockchains such as Tron, TON, and Ethereum, will further contribute to expanding its user base, allowing retailers and institutional users to access and use stablecoins on their preferred platforms at low fees.” ” said the spokesperson.
USDT’s growing user base has made it the most widely used and largest stablecoin, with a market capitalization approaching $120 billion. This asset is also critical to strengthening the US dollar’s dominance overseas. Tether is now among the 20 largest buyers of U.S. Treasury bills, ahead of countries such as Germany, the United Arab Emirates and Australia.
Additionally, Tether is expanding its business framework beyond stablecoins and entering other sectors such as data, power, artificial intelligence, and education. Stablecoin issuers have worked with over 180 law enforcement agencies to recover over $1.8 billion related to illegal activities.
future plans
Although Tether has recorded significant growth, the company says there are still “major problems to solve” in the cryptocurrency industry. The company seeks solutions in areas such as regulatory clarity, scalability, and real-world utility of cryptocurrencies.
Tether envisions a future where crypto payments are seamless, accessible, and inclusive for all, so the next decade will be about strengthening global financial inclusion and fostering innovation in diverse sectors. Focus.
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