Tether to launch documentary on its mission to deliver monetary freedom on tenth anniversary

• Tether is constructing a monetary device for the “folks left behind”
• The stablecoin was created in 2014 by Brock Pierce, Reeve Collins, and Craig Sellers
• It stays the most important stablecoin with a market cap price $120 billion

To rejoice the tenth anniversary of Tether, the stablecoin is releasing a documentary on USDT and the way it’s working to deliver “monetary freedom worldwide.”

In a submit on X, Tether mentioned it could quickly launch its documentary “Stability and Freedom in Chaos.” In the course of the two-minute video, Tether reveals interviewees from a number of nations together with Argentina, Brazil, and Turkey.

One interviewee in Brazil said, “Tether with USDT is like 90% of the transactions that Brazil makes through the day.” One other interviewee claimed that folks in Argentina don’t need to save in pesos, the native forex, and need a steady forex like Tether.

Tether, named the seventh-largest Bitcoin holder in April, was created in 2014 by Brock Pierce, Reeve Collins, and Craig Sellars. Earlier than being renamed to Tether, it was often known as The Realcoin, and at present is the most important stablecoin by market cap.

On the time of writing, it’s presently price $120 billion.

Working for the folks left behind

Constructed on a number of blockchains together with Avalanche, Ethereum, and Polygon, Tether works on a 1:1 ratio, pegging its worth to the US greenback.

Following the Tether documentary information, Paolo Ardoino, Tether CEO, mentioned on X that the corporate’s mission has at all times been easy: to “deliver monetary inclusion to the billions of individuals, primarily dwelling in growing nations, that may’t have financial institution accounts or that reside in excessive inflation nations.

Ardoino, who joined as Tether’s new CEO in 2023, added that they’re constructing monetary know-how “for the folks left behind” and that Tether has develop into a “image of disintermediation, resilience and stability.”

With tons of of hundreds of thousands of individuals transacting with USDT, Tether has seen its market share improve to greater than 75% from 55% over the previous two years, solidifying its presence available in the market.