Tether reveals 10-year roadmap to boost financial inclusion and innovation beyond stablecoins

Stablecoin issuer Tether has revealed a 10-year roadmap aimed at launching new tokens to promote financial inclusion and innovation in areas such as AI, energy sustainability, and blockchain education.

This strategic outline, presented during the company’s 10th-anniversary event, reinforces Tether’s dominance in the stablecoin sector.

Driving financial inclusion

Tether plans to focus on expanding its core offering of stablecoins over the next decade. Its flagship stablecoin, USDT, remains the largest US dollar-pegged stablecoin, with a market cap nearing $120 billion.

The digital asset’s user base has surged 24% over the past year, now standing at 350 million, up from 282 million in October 2023. Additionally, Tether has become one of the top 20 buyers of US Treasury bills, holding over $97 billion in US Treasuries—surpassing countries like Germany and Australia in its exposure.

In line with its mission, Tether aims to introduce more tokens to drive global financial inclusion. The company has already diversified its offerings with other fiat-pegged tokens, expanding its reach to a broader international audience.

Tether’s CEO, Paolo Ardoino, emphasized this in a recent post on X, stating:

“Tether has built its company on a simple mission: bring financial inclusion to the billions of people, primarily living in developing countries, that can’t have bank accounts.”

The company reiterated that these initiatives aim to create a world where “digital currency payments are seamless, accessible, and inclusive for all.”

However, Tether acknowledged that achieving this vision will require overcoming challenges such as regulatory uncertainty, scalability limitations, and broader real-world utility for digital currencies. Despite these hurdles, the company remains committed to advancing blockchain technology and developing new stablecoin products to meet the needs of the evolving global financial landscape.

Expanding Beyond Stablecoins

In addition to its stablecoin business, Tether has ventured into new sectors, including telecommunications, AI, education, and energy. Earlier this year, the company launched four new divisions— Data, Finance, Power, and Education— to support its vision of future-ready financial systems.

Tether’s broader strategy focuses on pioneering projects that will empower future generations. The company has also invested heavily in AI, mainly through its involvement with Northern Data Group, aiming to develop open-source, multimodal AI models that set new industry standards.

Ardoino further highlighted Tether’s evolving role, stating:

“Tether has become a symbol of disintermediation, resilience and stability. From Financial tools like stablecoins to telecommunications, from Artificial Intelligence to unstoppable education and energy, we believe in the importance of empowering people, communities, cities and entire countries.”

The post Tether reveals 10-year roadmap to boost financial inclusion and innovation beyond stablecoins appeared first on CryptoSlate.