Tether Marks 10th Anniversary with Documentary Showcasing USDT’s Role in Fighting Inflation

Tether has announced the upcoming release of a documentary highlighting the role of its stablecoin, USDT, in combating inflation, coinciding with the company’s 10th anniversary.

The trailer features testimonials from users in high-inflation countries like Turkey, Brazil, and Argentina, showcasing how they leverage USDT to manage their financial challenges.

The documentary positions USDT as a viable alternative to the US dollar, with one Brazilian user claiming that it accounts for nearly 90% of daily transactions in the country. In 2023, the adoption of USDT in Brazil surged, representing 80% of all cryptocurrency transactions there.

Launched on October 6, 2014, Tether was initially founded by Brock Pierce, Reeve Collins, and Craig Sellars under the name Realcoin. The project aimed to create a stable digital asset pegged to fiat currencies, allowing seamless global transfers via blockchain technology. Initially, USDT operated on the OmniLayer platform built on Bitcoin but has since expanded to multiple blockchains, including Ethereum, Tron, and The Open Network.

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With a market capitalization of $120 billion, USDT remains the largest stablecoin and the third-largest cryptocurrency overall, following Bitcoin and Ethereum.

In a post on X, Tether’s CEO, Paolo Ardoino, described the company as a beacon of resilience and stability, emphasizing its mission to empower individuals and communities, especially those underserved by traditional banking systems. He stated that Tether aims to provide financial solutions for those “left behind” in the economic landscape.

Alexander Stefanov