Celebrating a Decade of Tether
- Tether aims to create financial tools for underserved populations
- Founded in 2014 by Brock Pierce, Reeve Collins, and Craig Sellers
- Currently holds the title of largest stablecoin with a market capitalization of $120 billion
In honor of its 10th anniversary, Tether is launching a documentary highlighting USDT and its mission to promote global financial freedom.
Documentary Highlights Global Impact
Tether announced on X the upcoming release of the documentary titled “Stability and Freedom in Chaos.” The short film features interviews from individuals across various nations, including Argentina, Brazil, and Turkey.
An interviewee from Brazil emphasized that, “Tether with USDT represents 90% of the daily transactions in Brazil.” Another participant from Argentina expressed a preference for holding a stable currency like Tether over the fluctuating local peso.
A Historic Creation
Tether, originally named Realcoin, was founded in 2014 and has since secured its position as the largest stablecoin by market capitalization. As of now, it boasts a market cap of $120 billion.
Empowering the Underserved
Tether operates across multiple blockchains, including Avalanche, Ethereum, and Polygon, adhering to a 1:1 value peg with the US dollar.
Following news of the documentary, Tether’s CEO, Paolo Ardoino, shared on X that the company’s fundamental goal remains clear: to foster financial inclusion for billions of individuals, particularly in developing nations, who lack access to traditional banking systems.
Since taking over as CEO in 2023, Ardoino has been vocal about Tether’s role as a facilitator of financial technology tailored for marginalized communities. He stated that Tether symbolizes “disintermediation, resilience, and stability.”
With hundreds of millions conducting transactions through USDT, Tether’s market share has surged from 55% to over 75% in the past two years, reinforcing its significant presence in the financial landscape.
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