The stablecoin USDT is one of the most popular cryptocurrencies in the crypto market, as its fame rivals that of Bitcoin. How can it not be, and it is the most present trading pair on all cryptocurrency trading platforms, and it is also the largest stablecoin in terms of total market value and trading volume.
The company recently announced its tenth anniversary celebration, hailing a decade-long journey in developing the cryptocurrency market landscape.
Through its flagship product USDT, the company has proven its crucial role in supporting millions of users, especially in inflation-stricken countries such as Turkey, Argentina, and Brazil.
Tether Celebrates 10 Years of Existence
Since its founding in 2014, Tether has seen tremendous growth, with its number of users in various markets rising to 350 million by 2024.
This growth is evidence of the increasing utility and popularity of its stablecoin USDT, which has become the preferred choice for everyday and institutional transactions.
The company has also expanded its support to include major blockchain networks such as Tron, Ethereum, and TON, which has enhanced its reach and made it easier for users to access it at low costs.
Tether is the most widely used stablecoin in the world, with a market cap of nearly $120 billion.
It also contributed to strengthening the dominance of the US dollar on the international scene, as it became one of the largest buyers of US Treasury bonds, surpassing major countries such as Germany and the United Arab Emirates.
Tether's activities are not limited to stablecoins only, but have entered other fields such as data, energy, artificial intelligence, and education.
The company has partnered with more than 180 law enforcement agencies, recovering more than $1.8 billion in assets linked to illegal activities.
Despite its success, Tether stresses that there are still significant challenges facing the cryptocurrency industry, such as the need for greater regulatory clarity and scalability.
The company sees the next decade as dedicated to promoting global financial inclusion and driving innovation across sectors, with the goal of making crypto payments easier and more inclusive.
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