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Tether, the Undisputed Leader of Stablecoins, Enters a New Phase of Maturity

Patricia Arquette
Release: 2024-10-12 21:46:14
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The company is celebrating its journey by unveiling a documentary retracing its global impact. This film, titled “Stability and Freedom in Chaos,” highlights the massive adoption of the stablecoin in countries battling rampant inflation.

Tether, the Undisputed Leader of Stablecoins, Enters a New Phase of Maturity

Tether, the company behind the world's largest stablecoin USDT, is celebrating a decade of existence with the launch of a documentary titled "Stability and Freedom in Chaos." The film highlights the massive adoption of USDT in countries battling rampant inflation, showcasing how the stablecoin has become a crucial defense against economic volatility.

Born from an idea by Brock Pierce and his associates in 2014, USDT was created to provide a stable value in a world of fluctuating digital currencies. Their aim? To fight against financial instability. And in the crypto ecosystem, Tether has become an unavoidable presence.

Over the years, USDT has been integrated into several blockchains, including Ethereum (ETH) and TRON (TRX) – read our opinion on Tron, multiplying its use cases on decentralized platforms.

Being traders at heart and always seeking stability, they quickly turned to the stablecoin. For them, USDT has become a safe haven in a market where volatility reigns supreme.

And with a capitalization that dances around the 120 billion dollar mark, Tether remains a giant in the crypto arena.

But USDT has done more than just establish itself in the crypto world; it has also inspired copycats in countries grappling with rampant inflation. We can see this in Argentina, Brazil, and Turkey, three nations where economic instability has become the norm.

Faced with a national currency that is collapsing, many are turning to the stablecoin to preserve their purchasing power.

In this context, USDT appears as a solution to bypass the crisis. “Tether is a lifeline,” says Paolo Ardoino, the company's CEO, adding that the stablecoin's impact goes far beyond the trading sphere.

Despite its development, Tether also has its shadows. Throughout its journey, the company has faced criticism about the lack of transparency in its reserves. Many point to the absence of regular independent audits, casting doubt on the solidity of the financial guarantees supporting USDT.

Additionally, Tether has been accused of manipulating the Bitcoin (BTC) market on multiple occasions. But these criticisms have not stopped the company from thriving, as we can see with the launch of its documentary. The film also echoes these shadows while reaffirming Tether's commitment to providing a stable solution in an ever-changing world.

With 5.2 billion profits in the second half of 2024, Tether continues to outpace financial behemoths like BlackRock. A decade after its creation, the company has not only weathered crises but emerged stronger than ever before.

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La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai

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