Key Takeaways
- USDT dominates Brazil’s crypto market with 90% of daily transactions.
- Tether’s USDT ranks as the top stablecoin with a $120 billion market cap.
Share this article
Ten years of bulls and bears, Tether has grown as one of the key players in the crypto industry. The issuer of the world’s largest stablecoin today commemorates its 10th anniversary with the release of ‘Stability and Freedom in Chaos,’ a documentary about USDT and its role in combating inflation.
🎬Today marks 10 years of USD₮ !
To celebrate, we’re launching our documentary ‘Stability and Freedom in Chaos’ soon.
Dive into the journey of how $USDT has become a lifeline for millions, fighting inflation and fueling financial freedom worldwide. 🌎🤝 pic.twitter.com/oviKmIgpgx— Tether (@Tether_to) October 6, 2024
The documentary’s trailer features interviews with users from inflation-stricken countries like Turkey, Brazil, and Argentina, where stablecoin adoption has surged in recent years. USDT, with a market capitalization of $120 billion, is the largest stablecoin and the third-largest crypto asset, after Bitcoin and Ethereum.
An April report from Kaiko reveals that Turkey’s inflationary pressures have been the driving force behind the increasing use of stablecoins over the past year. With over $22 billion traded on Binance in 2024, USDT-TRY was the most popular trading pair.
In Brazil, USDT accounted for 80% of the total crypto transaction volume in 2023, amounting to approximately $54…
Click Here to Read the Full Original Article at Business Archives – Crypto Briefing…
