Tether has announced a documentary to commemorate the 10th anniversary of USDT, highlighting its impact on financial inclusion and inflation combat. In a recent post, CEO Paolo Ardoino emphasized the company’s commitment to serving those “left behind” by traditional banking systems.
The documentary’s trailer features interviews with users from high-inflation countries like Turkey, Brazil, and Argentina, showcasing how USDT acts as a vital financial tool.
One Brazilian user noted that USDT constitutes 90% of daily transactions in the country, illustrating the stablecoin’s growing importance. In 2023, USDT adoption in Brazil surged, accounting for 80% of crypto transactions.
Launched on October 6, 2014, Tether was founded by Brock Pierce, Reeve Collins, and Craig Sellars. Originally operating on the OmniLayer platform, USDT now functions across various blockchains. With a market cap of $120 billion, it remains the largest stablecoin and the third-largest cryptocurrency overall. Ardoino reaffirmed Tether’s mission to empower communities in developing nations lacking access to traditional banking services.