Leading stablecoin issuing company Tether is celebrating its 10th anniversary and a decade of innovation that has contributed to the development and advancement of the digital asset landscape.

According to a press release from Tether, the crypto company will mark the anniversary with a documentary titled “Stability and Freedom in Chaos.” The documentary will explore Tether’s impact in countries like Turkey, Argentina, and Brazil, where its groundbreaking USDT product has become a lifeline for millions of users struggling with rising inflation.

Tether’s Journey So Far

Since its inception in 2014, the company has seen significant growth in active users across blockchains, centralized exchanges, and regions. In 2024, Tether’s user base grew to 350 million across various markets, demonstrating USDT’s increasing utility and popularity.

Tether said USDT’s daily, weekly, monthly, and yearly active users also showed steady growth, cementing the asset’s reputation as a stablecoin that can be used for everyday and institutional transactions. The company also has a wide range of stablecoins pegged to fiat currencies other than USD.

“Tether’s cross-chain support, seen on blockchains like Tron, TON, and Ethereum, has further helped expand its user base, making it easier for retail and institutional users to access and use the stablecoin on their preferred platforms with low fees,” a Tether spokesperson said.

USDT’s growing user base has made it the most widely used and largest stablecoin, with a market cap approaching $120 billion. The asset has also played a critical role in cementing the dominance of the U.S. dollar overseas. Tether is currently one of the top 20 largest buyers of US Treasury bills, ahead of countries like Germany, the UAE, and Australia.

In addition, Tether has expanded its business structure beyond stablecoins, expanding into other sectors like data, energy, artificial intelligence, and education. The stablecoin issuer has worked with over 180 law enforcement agencies to recover over $1.8 billion in illegal activity.

The Future of Tether

While Tether has seen significant growth, the company says there are still “big problems to solve” in the crypto industry. The company is looking for solutions in areas like regulatory clarity, scalability, and the real utility of cryptocurrencies.

Tether envisions a future where crypto payments are seamless, accessible, and inclusive for everyone, so the next decade will focus on increasing global financial inclusion and driving innovation across sectors.

💯 Get a welcome bonus of up to 150 USDT for new users from Binance.

🐕 Join the Dogiators team — the first 3D game on Telegram where players can earn real cash rewards by participating in battles, leveling up their characters, and completing daily tasks. The token distribution is scheduled for Q4 2024