Tether to Release Documentary Celebrating 10 Years of USDT

Tether is set to release a documentary about USDT and its impact on combating inflation in celebration of the stablecoin’s anniversary.

?Today marks 10 years of USD₮ !
To celebrate, we’re launching our documentary ‘Stability and Freedom in Chaos’ soon.
Dive into the journey of how $USDT has become a lifeline for millions, fighting inflation and fueling financial freedom worldwide. ?? pic.twitter.com/oviKmIgpgx

— Tether (@Tether_to) October 6, 2024

“Today marks 10 years of USDT. To celebrate this milestone, we will soon release our documentary ‘Stability and Freedom in Chaos’. Dive into the story of how USDT has become a lifeline for millions, fighting inflation and promoting financial freedom worldwide,” the announcement on X stated.

The trailer features snippets of interviews with users from Turkey, Brazil, and Argentina who have benefited from using USDT amid the rapid devaluation of their national currencies.

Tether positions the stablecoin as an analogue to the US dollar. Last year in Brazil, there was a significant surge in USDT usage, accounting for 80% of all crypto transactions in the country, according to data as of October 2023. The trailer cites a figure of 90%.

10 Years of USDT

On October 6, 2014, the first USDT tokens were issued on the Bitcoin blockchain using the Omni Layer protocol. Initially called Realcoin, a rebranding soon followed. The project later expanded to other blockchains such as Ethereum, TRON, and TON, with the second being particularly popular among users.

USDT has been and remains the largest stablecoin with a current market capitalization of $120 billion.

In a post on X, Tether CEO Paolo Ardoino emphasized that Tether’s mission is to provide financial access to billions of people in developing countries who cannot have bank accounts.

Today is the 10th anniversary of $USDT and @Tether_to ✨

Tether has built its company on a simple mission: bring financial inclusion to the billions of people, primarily living in developing countries, that can’t have bank accounts (because they’re not generating enough revenues… https://t.co/PdL6gGWDRv

— Paolo Ardoino ?? (@paoloardoino) October 6, 2024

“Our focus has always been and will always be the last mile [end users]. Wealthy people already have dozens of ways to transact and store wealth. We are creating financial technology for those left behind,” he noted.

Previously, Ardoino emphasized that his company is doing everything possible to maintain good relations with the United States.

In September, Tether assisted in freezing $6 million from crypto fraudsters.