This October 6, 2024, Tether, the issuer of the stablecoin USDT, celebrates its 10th anniversary with the release of a documentary entitled “Stability and Freedom in Chaos”. This film highlights the significant impact of USDT in countries like Turkey, Brazil and Argentina, where rampant inflation has pushed citizens to seek crypto alternatives to protect their wealth.
Stability and freedom in chaos: the mission of Tether (USDT) for 10 years already!
Since its launch in 2014, USDT has played a crucial role in providing financial stability in unstable economic environments. In Türkiye, for example, USDT has become a refuge against the devaluation of the Turkish lira. In 2024, the USDT-TRY trading pair was the most popular on the Binance crypto exchange, with over $22 billion traded.
In Brazil, USDT has also seen explosive adoption, accounting for 90% of daily crypto transactions in the country. Brazilians use USDT not only for everyday transactions, but also as a way to preserve their purchasing power in the face of persistent inflation.
In Argentina, where inflation and currency devaluation are chronic problems, USDT has become an essential tool for many citizens. Many Argentinians directly convert their salaries into USDT crypto, to avoid the loss of value of their local currency. This practice has become a common strategy to maintain their purchasing power in an uncertain economic context.
Building crypto technologies for those left behind
The Tether documentary features interviews with users from these countries, illustrating how USDT has helped combat inflation and provide some financial stability. Paolo Ardoino, CEO of Tether, highlighted the company's commitment to providing inclusive financial solutions for underserved populations. He declared:
“Our focus has always been (and always will be) the last mile. The wealthy already have dozens of ways to transact and store their wealth. We build financial technology for people left behind. »
Finally, the 10th anniversary of Tether and the release of this documentary mark an important milestone in the history of USDT. By providing financial stability in unstable economies, USDT continues to play a vital role in the lives of millions of crypto users around the world.
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