Tether released its latest article stating that Tether celebrates the past decade of groundbreaking advances and innovations that have shaped the evolving digital asset landscape.
Since its founding in 2014, Tether has revolutionized the financial industry by launching the world's first stablecoin, bridging traditional currencies and the rapidly growing digital asset market. Today, USDT is the most widely used stablecoin with a market capitalization of nearly $120 billion and is an indispensable pillar of the global digital economy.
Tether has played a key role in solidifying the dollar's dominance overseas. It provides reliable dollar-backed transactions in markets where traditional banking systems are limited or non-existent. With more than 350 million users worldwide, Tether provides financial instruments and digital currencies that promote financial inclusion, especially in emerging markets.
New users grew 24% in the last 12 months and 50% in the first 12 months as USDT adoption accelerated during a critical period of market volatility and growing interest in decentralized finance.