On October 7, 2024, Tether celebrates its 10th anniversary as a leading digital asset company, serving more than 350 million users worldwide and with a stablecoin USD₮ market capitalization of $120 billion. It’s approaching.
Since its founding in 2014, Tether has played a key role in digital finance by introducing the first stablecoin USD₮ pegged to the US dollar.
It provides a stable alternative to volatile markets and has become the most widely used stablecoin across various blockchains and exchanges.
Tether has experienced significant growth, with its user base increasing by 24% in 2024 alone due to integration with blockchains such as Tron, Ethereum, and TON.
The US dollar₮ is gaining momentum in both retail and institutional trading, particularly in regions with limited access to banks, strengthening the US dollar’s global influence.
As of Q2 2024, Tether holds over $97 billion in U.S. Treasuries backing its stablecoin.
Tether CEO Paolo Ardoino emphasized the company’s mission of financial inclusion in his anniversary message.
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 highlighted that hundreds of millions of people around the world already use USD₮ for daily transactions, and tens of millions of new wallets are being added every quarter.
Mr. Ardoino positioned Tether as a symbol of resilience and stability and highlighted Tether’s commitment to supporting those left behind by the traditional financial system.
JAN3 CEO Samson Mo also praised Tether’s positive impact in regions facing inflation and financial exclusion, particularly Argentina.
He noted the widespread adoption of USD₮ in the Global South and praised Tether’s thoughtful approach.
happy 10th birthday @Tether_to! I’ve traveled all over the world and seen firsthand how much of a positive impact it can have. $USDt It affects people who suffer from inflation and economic exclusion.
Many Bitcoiners can afford to do DCA and actually learn; #bitcoinsome people say… https://t.co/zq6ve9FJlR
— Samson Mo (@Excellion) October 6, 2024
Looking to the future, Tether aims to address regulatory and scalability challenges while continuing to focus on blockchain integration and sustainability.
To celebrate 10 years in business, Tether will release a documentary, “Stability and Freedom in Chaos,” highlighting USD₮’s influence in countries such as Brazil, Argentina, and Turkey.
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