Tether Celebrates 10th Anniversary with Release a Documentary

Bittime - Tether, issuer of the USDT stablecoin, celebrates its 10th anniversary. Since its launch in 2014, Tether has become one of the world's largest cryptocurrencies, with more than 350 million users. 

In this article, we will look at Tether's 10-year journey, as well as Tether's impact on digital finance. Read this article to find out more!

Tether's Growth Over 10 Years

Tether kicked off innovation by introducing the world's first stablecoin pegged to the US dollar (USDT). 

This innovation changes the way of transactions in the crypto market as it brings much-needed stability amidst high volatility. 

Today, USDT has a market capitalization of close to $120 billion, and is an important digital asset in the global economy.

In the last 12 months, Tether users rose by 24%, and in the previous year, the growth was 50%. 

Read Also: USDT Dominance Is the Key to Stablecoin Stability, Here's a Fact

10 Years of USDT Domination in the Crypto Market

USDT has become the most widely used stablecoin on various blockchains and centralized exchanges, especially in emerging markets. 

Tether's presence on platforms such as Tron, TON, and Ethereum, as well as its low transaction fees, have become a top choice for retail and institutional users.

Paul Ardoino, Chief Technology Officer of Tether, emphasized that Tether has strengthened the dominance of the US dollar by promoting its use around the world. 

Tether Achievement Over 10 Years

Over the past decade, Tether has achieved many important achievements, some of which are as follows.

1. Launched the world's first stablecoin in 2014.

2. Reaching more than 350 million users worldwide, promoting financial inclusion in emerging markets.

3. Become a leader in transparency with daily balance updates and quarterly independent reports by BDO.

4. Worked with more than 180 law enforcement agencies and helped recover more than $1.8 billion related to illegal activity.

5. Processed $10 billion worth of redemptions in a week during the UST crisis in 2022, proving liquidity and its reliability.

Documentary of Tether 10th Anniversary

To celebrate its 10th anniversary, Tether will release a documentary entitled Stability and Freedom in Chaos. 

This documentary will highlight the impact of USDT in several countries, such as Brazil, Argentina, and Turkey, where the stablecoin has become a lifeline for millions of people in the face of inflation and promoting financial freedom around the world.

Through this film, Tether hopes to show how they help create stability in global economic chaos, while promoting financial inclusion.

Read Also: Tether to Launch USDT on Aptos Blockchain

How to Buy Crypto with Bittime

Want to trade, sell and buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.