Tether publishes article to celebrate its 10th anniversary, with global user numbers exceeding 350 million

BlockBeats news, on October 7, Tether released the latest article saying that Tether celebrates the past decade of groundbreaking progress and innovation 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, connecting traditional currencies and the rapidly growing digital asset market. It provides an unprecedented solution to the volatility of the cryptocurrency market. Today, USDT is the most widely used stablecoin with a market value of nearly $120 billion and is an indispensable pillar of the global digital economy.

Tether has played a key role in consolidating the dominance of the US dollar overseas. It provides reliable US dollar-backed transactions in markets where traditional banking systems are limited or non-existent. Tether has more than 350 million users worldwide, providing financial tools 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.