TechFlow News, October 7 — In an article celebrating its 10th anniversary, Tether stated that since launching the world's first stablecoin in 2014, it has evolved into a diversified technology giant, setting new benchmarks in financial accessibility, innovation, and stability. As of now, Tether’s U.S. dollar-pegged stablecoin USD₮ has reached a market capitalization close to $120 billion, becoming a key pillar of the global digital economy.
Over the past 12 months, USD₮ has seen a user growth rate of 24%, following a 50% increase in the prior 12 months, with total global users surpassing 350 million. The adoption of USD₮ is particularly notable in emerging markets, making significant contributions to financial inclusion. Tether CTO Paolo Ardoino said: "Tether has not only led the stablecoin revolution but also reinforced the dominance of the U.S. dollar by promoting its use globally. We hold over $97 billion in U.S. Treasury securities, ranking among the top 20 global purchasers of U.S. Treasuries."
