Time for Change, Time for Transformation

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by Tether | Jan 20 2022

Incremental change in age-old financial systems is not the game changer our world needs to address systemic challenges. Cryptocurrency is the leap needed to reset expectations and outcomes for financial needs across the globe. As we look at climate, medical, and other changes reshaping our shared global future, how we use financial systems will be critical to creating a new shared democratic system that offers more opportunity and benefits more of our global community.

Correcting Misperceptions Around Crypto & Stablecoins

New can be exciting for some, and scary, and even threatening, to others. We get it. For some in the crypto world, it is about winning at all costs and saying or doing whatever it takes to beat out the competition.

Competition is good. When it is healthy and done right, everyone benefits from the collective effort to be the best, create the best product and offer the best solution. But that competition must happen in a fair way: without misinformation, scare tactics, and innuendo based on nothing other than fear of innovation or of competition.

Trust is built when the market allows everyone to work to create the best products, offering clear and truthful information and letting consumers decide.

As this dialogue continues to grow and expand, Tether is committed – as the first, largest, and most liquid stablecoin – to serve as a source of information and truth. Continuing to correct misinformation and misperceptions and to foster trust with those new to crypto allows us to expand upon our mission of providing equitable, transparent, and democratized access to financial systems.

Regulation Builds Trust in Stablecoins

We know the crypto industry has been waiting for clarity about stablecoin regulation for a long time, and increased interest in stablecoins and their regulation represent significant steps forward.  Between the recent President’s Working Group’s Report on Stablecoins, the EU’s MiCA initiative and other recent developments around the world, countries are growing increasingly more focused on stablecoins and appropriate regulation.

Clear regulatory guidance will continue to build trust in our industry and encourage broader adoption of digital assets and financial innovation. We will continue to work with global governments and regulators to ensure compliance with applicable laws and to provide trust and assurance to our customers.

Transparency is In the Numbers

If you’re new to crypto, or stablecoins, there is certainly no shortage of information available online, and it's often difficult to separate fact from fiction.

So how do you know what to believe? In short, the numbers tell the truth.

With more than $77B Tether tokens in circulation today, there are billions of reasons that customers continue to come back to Tether. Demand continues to increase exponentially because Tether is useful and innovative and makes markets stronger.

Customers Speaking Up for Stablecoins

Ultimately, Tether customers are the best resource for reliable information about Tether and stablecoins. Since Tether tokens first became available in 2014, no customer has ever been denied a redemption. Not once. Our liquidity, coupled with a structure that makes it easy to transfer money across multiple blockchains, creates a user experience that no one else can offer.

We encourage you to visit our website to learn more about Tether and how we work. You will find useful information on the basics of stablecoins as well as how to use Tether.

We will continue to use this space to share our insights and perspective on the rapidly changing world of crypto and the important role of Tether: digital money for a digital age.

EmptyPixel

Driving the Future of Money

Tether supports and empowers growing ventures and innovation throughout the blockchain as a digital token built on multiple blockchains.

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