According to a recent BlockBeats news article, Tether shared their excitement about the progress and innovations that have shaped the digital asset landscape over the past decade. Since Tether’s establishment in 2014, they have made significant strides in the financial industry by introducing the world’s first stablecoin, bridging the gap between traditional currencies and the growing digital asset market. This has helped address the volatility that often comes with cryptocurrencies. Today, USDT is the most widely used stablecoin, with a market value of nearly $120 billion, playing a vital role in the global digital economy.
Tether has also been instrumental in solidifying the U.S. dollar’s influence internationally, offering a secure USD-backed trading option in areas where traditional banking services are limited. With over 350 million users worldwide, Tether is empowering individuals with financial tools and digital currencies that promote financial inclusivity, particularly in emerging markets.
In the past year, Tether has seen a 24% increase in new users, with a significant 50% growth in the first 12 months alone. This surge in adoption comes as the market experiences volatility and a rising interest in decentralized finance. [Source](https://m.theblockbeats.info/news/265901)
