Tether, after ten years as a leader in stablecoins with its famous USDT, is entering a phase of maturity. The company is celebrating its journey by unveiling a documentary tracing its global impact. This film, entitled “Stability and Freedom in Chaos”, highlights the massive adoption of stablecoins in countries battling galloping inflation. The objective? Show how USDT crypto has become a real shield against economic volatility.
How Tether shaped the crypto market
Since 2014, Tether news has shaken up the cryptocurrency market. With the idea of Brock Pierce and his acolytes of link a digital currency to the dollarthe stablecoin USDT was born. Their goal? Providing stable value to a constantly changing financial world. In other words, lead the fight against financial instability. As a result, Tether is now a key player in the crypto ecosystem.
Over the years, USDT has integrated into a multitude of blockchainslike Ethereum (ETH) and TRON (TRX) – our opinion on Tron, thus multiplying its uses in decentralized platforms.
Traders, always quest for stabilityquickly turned to this stablecoin. For them, USDT has become a safe haven in a market where volatility is king.
And with a capitalization flirting with 120 billion dollarsTether remains a titan in the crypto arena.
The crucial role of crypto USDT against inflation
USDT has not only established itself in the crypto world, it has also made emulators in countries struggling with galloping inflation. This is the case of Argentina, Brazil and Turkey, three nations where economic instability has become the norm.
Faced with a collapsing national currency, many are turning to stablecoin to safeguard their purchasing power.
- In Argentina, inflation has exceeded 100% since 2023;
- In Türkiye, the depreciation of the pound is a catastrophe for savers;
- In Brazil, a large number of citizens do not have access to traditional banks.
In this context, crypto USDT appears to be a solution to circumvent the crisis. “ Tether is a lifesaver », Says Paolo Ardoino, the CEO of the company, recalling that the impact of the stablecoin goes far beyond the framework of trading.
Tether and its gray areas despite its development
If Tether has won the hearts of users, its journey has not been without its hiccups. The company has often faced criticism regarding the lack of transparency of its reserves. Many point to the lack of regular independent audits, casting doubt on the strength of the financial guarantees that support USDT.
Additionally, Tether has been accused of manipulate the Bitcoin (BTC) market repeatedly. These criticisms, however, did not prevent the company from prospering, as evidenced by the launch of his documentary. The latter also echoes these gray areas, while reaffirming Tether's commitment to providing a stable solution to an ever-changing world.
With 5.2 billion in profits in the second half of 2024, Tether continues to outperform financial giants like BlackRock. Ten years after its creation, the company has not only withstood crises, but emerged stronger than ever.
Maximize your Tremplin.io experience with our 'Read to Earn' program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
