Tether | ETH FTW

Region

San Salvador

El Salvador

Targeted SDGs

9. Industry, Innovation, Technology and Infrastructure

Description

Tether is a stablecoin designed to maintain a stable value by pegging its price to the U.S. dollar. Founded in 2014, it has grown into one of the most influential firms in the crypto industry, with reserves and attestations published to support its tokens. Tether plays a central role in global crypto markets by offering liquidity, settlement infrastructure, and a dollar alternative in regions with limited banking access. Beyond stablecoins, the company has expanded into areas such as renewable energy and bitcoin mining, signaling broader ambitions in the digital economy.

Impact

Tether provides stability in the volatile cryptocurrency market by offering a digital asset that mirrors the value of the U.S. dollar. This stability enables users to trade cryptocurrencies without the need to convert to fiat currencies, facilitates cross-border transactions, and serves as a reliable store of value within the digital economy.

EXPLORE THE NETWORK

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Celo

Celo aims to make financial services accessible to anyone with a mobile phone. It's a blockchain ecosystem focused on increasing cryptocurrency adoption among smartphone users by providing user-friendly financial tools and applications.

Chain

Stablecoins

Gitcoin

Gitcoin is a platform dedicated to supporting open-source software development by connecting developers with funding opportunities.

Protocol

Public Goods

Velodrome

Velodrome is an automated market maker (AMM) built on the Superchain. Users can provide liquidity, earn VELO tokens, and participate in governance by locking VELO into veVELO NFTs. This system allows users to vote on which liquidity pools receive rewards, aligning incentives across the platform.

Protocol

Open Finance

CASE STUDIES

Real-World Impact in Action

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Digital Dollars for Everyone: How Stablecoins Provide Global Access and a Hedge

Stablecoins on Ethereum provide global access to digital dollars, protecting savings, enabling payments, and reshaping finance in unstable economies.

Tether

Circle

Stablecoins

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