A Crypto Documentary That Reveals 10 Years Of Fighting Against Inflation

Tether, after ten years as the leader of stablecoins with its famous USDT, is entering a phase of maturity. 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. The goal? To show how the USDT crypto has become a true shield against economic volatility.

How Tether Shaped the Crypto Market

Since 2014, Tether news has disrupted the cryptocurrency market. With the idea from Brock Pierce and his associates to link a digital currency to the dollar, the USDT stablecoin was born. Their aim? To offer a stable value to a perpetually changing financial world. In other words, to lead a fight against financial instability. As a result, Tether is now an essential player in the crypto ecosystem.

Over the years, USDT has integrated into a multitude of blockchains, like Ethereum (ETH) and TRON (TRX) – our opinion on Tron, thereby multiplying its uses on decentralized platforms.

Traders, always in search of stability, quickly turned to this stablecoin. For them, USDT has become a safe haven in a market where volatility reigns supreme.

And with a capitalization flirting with 120 billion dollars, Tether remains a titan in the crypto arena.

The Crucial Role of USDT Crypto Against Inflation

USDT has not only established itself in the crypto world, but it has also inspired imitators in countries grappling with rampant inflation. This is the case in Argentina, Brazil, and Turkey, three nations where economic instability has become the norm.

In the face of a collapsing national currency, many turn to the stablecoin to preserve their purchasing power.

• In Argentina, inflation exceeds 100% since 2023;
• In Turkey, the depreciation of the lira is a disaster for savers;
• In Brazil, a large number of citizens do not have access to traditional banks.

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

Tether and Its Shadows Despite Its Development

Though Tether has won the hearts of users, its journey hasn’t been without hiccups. The company has often 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.

🎬Today marks 10 years of USD₮ !
To celebrate, we’re launching our documentary ‘Stability and Freedom in Chaos’ soon.
Dive into the journey of how $USDT has become a lifeline for millions, fighting inflation and fueling financial freedom worldwide. 🌎🤝 pic.twitter.com/oviKmIgpgx

— Tether (@Tether_to) October 6, 2024

Additionally, Tether has been accused of manipulating the Bitcoin (BTC) market multiple times. These criticisms, however, have not prevented the company from thriving, as evidenced by the launch of its documentary. This film also echoes these shadows while reaffirming Tether’s commitment to providing a stable solution to a constantly changing world.

With 5.2 billion profits in the second half of 2024, Tether continues to surpass financial giants like BlackRock. Ten years after its creation, the company has not only withstood crises but has emerged stronger than ever.