Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Tether Celebrates USDT 10-Year Milestone With Documentary Highlighting Global Inflation Issue

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

Daily HodlDaily Hodl2024/10/07 16:00
By:by Daily Hodl Staff

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.

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X , Facebook and Telegram

Surf The Daily Hodl Mix

Generated Image: Midjourney

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Tornado Cash co-founder’s money laundering trial postponed to April 2025

Share link:In this post: On November 1, Judge Katherine Polk Failla rescheduled the next Storm’s trial to April 14, 2025. Storm’s defense has challenged the court’s trial postponement, going as far as filing a mandamus petition with the U.S. Court of Appeals for the Second Circuit. Roman Storm is charged with three counts: conspiracy to commit money laundering, conspiracy to commit sanctions violations, and conspiracy to operate an unlicensed money-transmitting business.

Cryptopolitan2024/11/02 15:22