Tether celebrated a significant milestone in its 10-year journey by announcing a documentary on USDT describing how the stablecoin helped people worldwide fight inflation. *The film’s teaser explains how USDT has emerged as a lifeline of financials in countries facing a high inflation rate.
It’s worth the most now that the stablecoin issuer shared a trailer with talks with users from Turkey, Brazil, and Argentina struggling with inflation. USDT is used instead of the US dollar to protect income, as shown in this documentary.
That person from Brazil says that USDT is becoming very important: “Tether with USDT has become 90% of all transactions that Brazil makes daily.”
A time when Tether’s influence has surged in affected areas with economic instability, the documentary. In 2023, USDT represented 80% of all crypto transactions in Brazil, which is why it is so beloved as a financial tool.
Tether’s Journey From Realcoin To Global Cryptocurrency Giant
Tether was founded on October 6, 2014, with entrepreneur Brock Pierce, Reeve Collins, and software engineer Craig Sellars. The project was initially known as Realcoin before rebranding to Tether, with a core mission of providing a stable digital currency that could maintain a 1:1 peg to fiat currencies.
Along with the Bitcoin protocol’s OmniLayer platform, USDT has grown its footprint on many blockchains over the past ten years.
These include Ethereum, Tron, and The Open Network (TON). With a market value of about $120 billion, USDT is now the third biggest cryptocurrency on the market, after Bitcoin and Ethereum.
In a recent post on X (formerly Twitter), Paolo Ardoino, CEO of Tether, said that “the USDT symbolized disintermediation, resilience, and stability.” He said that Tether’s goal is to help people who have been “left behind” by standard banking systems get access to financial services.
“Millions of people in developing countries don’t have bank accounts because they don’t bring in enough money for traditional banks,” Ardoino wrote. “That’s help with money for people who need it the most.
This documentary wants to go even further by showing how USDT has given people, towns, and even whole countries a stable currency when the economy is unstable.
As USDT begins its second decade, the company is still fighting for financial inclusion and re-establishes itself as a major player in the cryptocurrency market around the world.
