Tether celebrates its tenth anniversary, with the number of global users exceeding 350 million

ChainCatcher news, Tether has released a new article stating that Tether celebrates a decade of groundbreaking progress and innovation that has shaped the ever-evolving digital asset landscape.

Since its establishment in 2014, Tether has transformed the financial industry by launching the world's first stablecoin, connecting traditional currencies with the rapidly growing digital asset market. It has provided an unprecedented solution to the volatility of the cryptocurrency market. Today, USDT is the most widely used stablecoin, with a market capitalization nearing $120 billion, making it an indispensable pillar of the global digital economy. Tether has played a key role in consolidating the dominance of the dollar overseas. It provides reliable dollar-backed transactions in markets where traditional banking systems are limited or nonexistent. Tether has over 350 million users globally, offering financial tools and digital currencies that promote financial inclusion, particularly in emerging markets.

In the past 12 months, new user growth has increased by 24%, following a 50% increase in the previous 12 months, as the adoption of USDT accelerated during critical periods of market volatility and growing interest in decentralized finance.