Prime stablecoin issuer Tether is celebrating the tenth anniversary of the launch of USDT with the rollout of a brand new documentary movie centered on the difficulty of inflation.
The upcoming movie, titled “Stability and Freedom in Chaos,” will promote Tether’s function in international locations coping with inflation, together with Argentina, Brazil and Turkey.
A teaser for the documentary exhibits varied professionals and small enterprise homeowners in these international locations discussing the cruel impacts of inflation and the way saving USDT and making funds with the stablecoin has been useful.
Tether chief govt Paolo Ardoino says the agency’s purpose is to offer monetary inclusion for people who find themselves excluded from the normal banking system or coping with inflation of their house international locations.
“Our focus has all the time been (and can all the time be) the final mile. Wealthy individuals have already [tons] of how to transact and retailer wealth. We construct monetary tech for the individuals left behind.
Tether has change into a logo of disintermediation, resilience and stability.”
USDT goals to take care of a 1:1 peg to the US greenback. It’s the preferred stablecoin, with a market cap of practically $120 billion at time of writing. The second-largest stablecoin is Circle’s USDC, which at present has a market cap of $35.2 billion.
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