On October 7th, 2024, Tether celebrated its tenth anniversary as a leading digital asset company, serving over 350 million users worldwide and nearing a $120 billion market cap with its stablecoin USD₮.

Since launching in 2014, Tether has played a key role in digital finance by introducing USD₮, the first stablecoin pegged to the U.S. dollar. 

This has provided a stable alternative in volatile markets, becoming the most widely used stablecoin across various blockchains and exchanges.

Tether has experienced significant growth, with its user base increasing by 24% in 2024 alone, driven by integrations with blockchains like Tron, Ethereum, and TON. 

USD₮ has gained traction in both retail and institutional transactions, especially in regions with limited banking access, reinforcing the U.S. dollar’s global influence. 

As of Q2 2024, Tether holds over $97 billion in U.S. Treasuries to back its stablecoin.

Paolo Ardoino, CEO of Tether, emphasized the company’s mission of financial inclusion in his anniversary message. 

He highlighted that hundreds of millions globally already use USD₮ in daily transactions, with tens of millions of new wallets being added each quarter. 

Ardoino stressed Tether’s commitment to supporting those left behind by traditional financial systems, positioning the company as a symbol of resilience and stability.

Samson Mow, CEO of JAN3, also praised Tether for its positive impact in regions facing inflation and financial exclusion, particularly in Argentina. 

He commended Tether’s compassionate approach, noting USD₮'s widespread adoption in the global south.

Looking ahead, Tether aims to address regulatory and scalability challenges while continuing to focus on blockchain integration and sustainability. 

To commemorate its decade of operations, Tether will release a documentary titled Stability and Freedom in Chaos, highlighting USD₮’s impact in countries like Brazil, Argentina, and Turkey.

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