Tether, which makes USDT, the biggest stablecoin in the world, is marking its 10th anniversary by putting out a video that shows its history and how it has changed the world’s financial system. The film Stability and Freedom in Chaos looks at how USDT has helped people in countries like Turkey, Brazil, and Argentina that are dealing with high inflation.
In the opening for the movie, Tether shows talks with people from these areas who have used USDT to protect their money when prices went up. In Brazil, USDT has taken over the cryptocurrency market, with almost 90% of daily deals made using the stablecoin. In 2023, 80% of all crypto deals in the country were USDT.
This shows how important it is becoming for protecting wealth. The video also shows how Brock Pierce, Reeve Collins, and Craig Sellars’s Tether, which was created on October 6, 2014, has grown into an important part of the cryptocurrency world. USDT started out on the OmniLayer platform, which was based on Bitcoin’s technology. Since then, it has grown to include Ethereum and Tron as well. USDT is still the biggest stablecoin and the third biggest cryptocurrency in general, with a market value of $120 billion.
Paolo Ardoino, CEO of Tether, talks a lot about the company’s goal of making financial services available to everyone, even those who can’t use standard banks. Ardoino said that Tether’s goal is to make financial tools that give people who aren’t normally part of the global financial system more power.
As Tether moves into its next decade, it will continue to focus on innovation and provide a safe and easy-to-use financial answer to people all over the world, especially in places where economic instability is a regular problem. The video by Tether wants to show how USDT has helped and how it can help provide financial freedom and security in tough economic times.
