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Tether Celebrates USDT 10-Year Milestone With Documentary Highlighting Global Inflation Issue

October 08, 2024

Top stablecoin issuer Tether is celebrating the 10th anniversary of the launch of USDT with the rollout of a new documentary film focused on the issue of inflation.

The upcoming film, titled “Stability and Freedom in Chaos,” will advertise Tether’s role in countries dealing with inflation, including Argentina, Brazil and Turkey.

A teaser for the documentary shows various professionals and small business owners in those countries discussing the harsh impacts of inflation and how saving USDT and making payments with the stablecoin has been helpful.

Tether chief executive Paolo Ardoino says the firm’s goal is to provide financial inclusion for people who are excluded from the traditional banking system or dealing with inflation in their home countries.

“Our focus has always been (and will always be) the last mile. Rich people have already [tons] of ways to transact and store wealth. We build financial tech for the people left behind.

Tether has become a symbol of disintermediation, resilience and stability.”

USDT aims to maintain a 1:1 peg to the US dollar. It is the most popular stablecoin, with a market cap of nearly $120 billion at time of writing. The second-largest stablecoin is Circle’s USDC, which currently has a market cap of $35.2 billion.

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