Tether Unveils USDT Documentary to Celebrate 10 Years of Milestone

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Ten years of bulls and bears, Tether has grown as one of the key players in the crypto industry. The issuer of the world’s largest stablecoin is celebrating its 10th anniversary today with the release of “Stability and Freedom in Chaos,” a documentary about USDT and its role in fighting inflation.

🎬Today marks 10 years of USD₮!
To celebrate, we’re releasing the documentary “Stability and Freedom in Chaos” soon.
Immerse yourself in the journey of how USDT USD it has become a lifeline for millions, fighting inflation and fueling financial freedom around the world. 🌎🤝 pic.twitter.com/oviKmIgpgx

— Tether (@Tether_to) October 6, 2024

The trailer for the documentary features interviews with users in inflation-stricken countries such as Turkey, Brazil and Argentina, where adoption of stablecoins has grown in recent years. USDT, with a market cap of $120 billion, is the largest stablecoin and the third largest crypto asset after Bitcoin and Ethereum.

An April report from Kaiko reveals that inflationary pressures in Turkey have been the driving force behind the increasing use of stablecoins over the past year. With over $22 billion traded on Binance in 2024, USDT-TRY was the most popular trading pair.

In Brazil, USDT accounted for 80% of the total crypto transaction volume in 2023, worth around $54 billion. Brazilians use USDT in daily transactions due to its stability, Chainalysis reported.

Argentina has seen even higher demand for USDT, primarily due to ongoing currency devaluation and high inflation rates. Many Argentines convert their salaries directly into USDT or similar stable currencies as a hedge against inflation.

Tether enters the next decade

Launched on October 6, 2014 by Brock Pierce, Reeve Collins and Craig Sellars, Tether originally ran on the OmniLayer platform on the Bitcoin protocol. It has since expanded to multiple blockchains, including Ethereum and Tron.

Tether now enters the next decade with its core mission to continue to empower individuals, communities and nations through technology and financial instruments.

“Our focus has always been (and always will be) the last mile. Rich people already have dozens of ways to trade and store wealth. We’re building financial technology for the people left behind,” said Tether CEO Paolo Ardoino.

“From financial instruments (stablecoins) to telecommunications, from artificial intelligence to education and unstoppable energy, we believe in the importance of empowering people, communities, cities and entire countries,” said Ardoino.

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