Tether’s 10th Birthday: Investment Growth and New Documentary Film

Tether, the world's largest stablecoin, celebrated its tenth birthday!

On that occasion, a documentary film was also released, and this crypto giant also posted a trailer for the film, "Stability and Freedom in Chaos," on its X profile.

Stability and Freedom in Chaos - what is the Tether movie about?

Ten years of Tether have been marked by many successes that this company has achieved, making it the absolute largest Stablecoin in the world today.

The documentary highlights the USDT's struggle with inflation. The trailer features interviews with users in inflation-stricken countries such as Turkey, Brazil and Argentina.

It is precisely in these countries that the growth of USDT, with a market capitalization that today amounts to 120 billion dollars, was noticeable.

What is Tether?

Stablecoins like Tether are pegged to real-world currencies (fiat), such as the US dollar or euro. They offer numerous benefits to crypto trading by providing liquidity and protection from the cryptocurrency market's volatility.

While cryptocurrencies like Bitcoin and Ethereum allow users to bypass traditional payment intermediaries, their prices are unpredictable, often fluctuating dramatically in short periods.

Stablecoins like Tether do not experience such volatility. Instead, they remain closely aligned with the value of the fiat currency they are pegged to, making them a safe haven in cryptocurrency.

When and who founded Tether?

The story of Tether began in July 2014 when Brock Pierce, Reeve Collins and Craig Sellars started a startup in Santa Monica. The first tokens were released on October 6, 2014, under the name Realcoin.

Realcoin used the bitcoin infrastructure to exchange property and execute contracts without third-party intermediaries, opening up bitcoin's network to a variety of commercial uses.

In November of the same year, Tether CEO Reeve Collins announced that the project was changing its name to Tether, which became the symbol of the stablecoin.

Word of the CEO: Hundreds of millions use USDT as a digital dollar!

Tether CEO Paolo Ardoino marked ten years of its existence with a post on the social network X and expressed his satisfaction with its successes.

"Tether has built its company on a simple mission: bring financial inclusion to the billions of people, primarily living in developing countries, that can't have bank accounts (because they're not generating enough revenues for the traditional banking industry) or that live in high inflation countries."

"Today, hundreds of millions around the world are already using $USDt as their digital dollar in their everyday life. And tens of millions of new wallets are added per quarter".

"Our focus has always been (and will always be) the last mile. Rich people already have tens 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."

"From Financial tools (stablecoins) to telecommunications, from Artificial Intelligence to unstoppable education and energy, we believe in the importance of empowering people, communities, cities and entire countries", wrote Ardoino.

The record year 2024

Tether dominates with 75% market share, $118B supply, and $5.2B profit in 2024. We're proud to adopt it as the official cryptocurrency at tether.bet!

A new report by Token Terminal reveals that Tether’s market share in the stablecoin sector has risen from 55% to 75%, marking an impressive 20% growth during this period.

Token Terminal’s report states that USDT’s supply currently stands at a staggering $118 billion.

In the last 30 days alone, Tether is estimated to have generated $400 million in revenue, making it by far the biggest player in the market and a crucial tool for investors transitioning between fiat currencies and cryptocurrencies.

Investment in AI and Biotechnology

Tether continues to expand. In June, the company announced a staggering $1 billion investment plan over the next 12 months.

Tether CEO Paolo Ardoino shared these plans in an interview with Bloomberg, highlighting the company's focus on alternative financial infrastructure for emerging markets, artificial intelligence (AI), and biotechnology.

Over the past two years, Tether has invested approximately $2 billion in AI and biotechnology.

Additionally, the company has hired Jesse Spira, PayPal’s former Head of Regulatory Relations, further demonstrating Tether’s commitment to long-term stability and regulatory compliance.

How Does Tether Work?

Stablecoins like Tether are pegged to real-world currencies (fiat), such as the US dollar or euro. They offer numerous benefits to crypto trading by providing liquidity and protection from the volatility of the cryptocurrency market.

While cryptocurrencies like Bitcoin and Ethereum allow users to bypass traditional payment intermediaries, their prices are notoriously unpredictable, often fluctuating dramatically in short periods.

Stablecoins like Tether do not experience such volatility. Instead, they remain closely aligned with the value of the fiat currency they are pegged to, making them a safe haven in the world of cryptocurrency.