Tether Documentary 'Stability and Freedom in Chaos' Shows How USDT Is 'Bringing Financial Inclusion' Worldwide

To celebrate the 10th anniversary of Tether, the stablecoin is releasing a documentary on USDT and how it's working to bring “financial freedom worldwide.”

Stablecoin issuer Tether is set to release a documentary on the 10th anniversary of its stablecoin USDT, which aims to highlight the role of the stablecoin in promoting financial freedom around the world.

In a post on X, Tether announced the upcoming release of its documentary titled "Stability and Freedom in Chaos." The two-minute video features interviews with people from several countries, including Argentina, Brazil, and Turkey, who share their experiences using Tether.

One interviewee from Brazil claims that "Tether with USDT is like 90% of the transactions that Brazil makes during the day." Another interviewee from Argentina states that people don't want to save in the local currency, pesos, and instead prefer a stable currency like Tether.

Tether, which was ranked as the seventh-largest Bitcoin holder in April, was founded in 2014 by Brock Pierce, Reeve Collins, and Craig Sellars. It was initially launched under the name The Realcoin before being renamed to Tether and now holds the title of being the largest stablecoin by market capitalization.

At the time of writing, Tether's market cap stands at a staggering $120 billion.

Working for the people left behind

Tether is pegged to the US dollar on a 1:1 ratio and operates on several blockchains, including Avalanche, Ethereum, and Polygon.

Following the announcement of the Tether documentary, Paolo Ardoino, the CEO of Tether, stated on X that the company's mission has always been simple: "to bring financial inclusion to the billions of people, primarily living in developing countries, that can't have bank accounts or that live in high inflation countries."

Ardoino, who joined Tether as its new CEO in 2023, further mentioned that they are building financial technology "for the people left behind" and that Tether has become a "symbol of disintermediation, resilience and stability."

With hundreds of millions of people transacting with USDT, Tether has seen its market share increase from 55% to over 75% in the last two years, solidifying its presence in the market.

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