High 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 problem 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 numerous professionals and small enterprise homeowners 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 aim is to offer monetary inclusion for people who find themselves excluded from the standard 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 turn into an emblem of disintermediation, resilience and stability.”
USDT goals to keep up a 1:1 peg to the US greenback. It’s the preferred stablecoin, with a market cap of almost $120 billion at time of writing. The second-largest stablecoin is Circle’s USDC, which presently has a market cap of $35.2 billion.
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