Tether is marking its 10th anniversary along with the success of its main product, USDT.
To celebrate this milestone, the company released a documentary that illustrates how USDT assisted users in countries like Argentina and Brazil in dealing with currency inflation.
Tether’s mission of financial inclusion
Tether CEO Paolo Ardoino reflected on the company’s journey since it started, and he emphasized Tether’s goal of providing financial access to millions of people, especially in areas where traditional banking isn’t available.
This is why USDT has become essential for many users around the world. Ardoino mentioned that Tether adds “tens of millions” of new wallets every quarter, bringing its user base to hundreds of millions.
“Our focus has always been (and will always be) the last mile. Rich people have already tens of ways to transact and store wealth. We build financial tech for the people left behind.”
Wins and obstacles for the company
Over the past decade, USDT rised to become the third-largest cryptocurrency by market cap, following Bitcoin and Ethereum, and now has a market cap of nearly $120 billion, about 69% of the stablecoin market.
Despite its success, USDT also faced regulatory challenges and questions regarding its reserves.
Some European exchanges have hinted at delisting the stablecoin due to non-compliance with the region’s newest MiCA regulation.
In response, Tether is reportedly developing a new technological solution for the European regulatory standards, showing its commitment to adapt to changing rules worldwide.
New frontiers
Tether is also expanding beyond stablecoins into various sectors such as telecommunications, artificial intelligence, education, and energy.
Earlier this year, it launched four new divisions—Data, Finance, Power, and Education—to support its vision for future-ready financial systems.
These initiatives have been backed by significant investments in these areas.
Ardoino stated that “Tether has become a symbol of disintermediation, resilience, and stability”, and he believes in empowering people and communities through various tools and technologies.
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