Prime stablecoin issuer Tether is celebrating the tenth anniversary of the launch of USDT with the rollout of a brand new documentary movie targeted on the difficulty of inflation.
The upcoming movie, titled “Stability and Freedom in Chaos,” will promote Tether’s position in international locations coping with inflation, together with Argentina, Brazil and Turkey.
A teaser for the documentary reveals numerous professionals and small enterprise house owners in these international locations discussing the tough 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 supply monetary inclusion for people who find themselves excluded from the normal banking system or coping with inflation of their residence international locations.
“Our focus has at all times been (and can at all times be) the final mile. Wealthy folks have already [tons] of how to transact and retailer wealth. We construct monetary tech for the folks left behind.
Tether has turn 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 most well-liked 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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