Tether is celebrating its 10th anniversary, highlighting the impact of its stablecoin USDT in inflation-prone countries like Argentina and Brazil. Tether’s CEO, Paolo Ardoino, emphasized the company’s role in offering financial access to millions, especially in regions with limited banking services. USDT has grown into the third-largest cryptocurrency by market cap, with a valuation of nearly $120 billion, dominating 69% of the stablecoin market. Despite facing regulatory challenges in Europe, Tether is developing solutions to comply with the region’s laws. Expanding beyond stablecoins, Tether has also invested in telecommunications, AI, education, and energy sectors, launching four new divisions to support its vision for the future.
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Source: https://coinpedia.org/crypto-live-news/tethers-10th-anniversary-how-usdt-is-reshaping-economies-and-battling-inflation/