Tether token

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Driving the Future of Money

Tether tokens are the most widely adopted stablecoins, having pioneered the concept in the digital token space. A disruptor to the conventional financial system and a trailblazer in the digital use of traditional currencies, Tether tokens support and empower growing ventures and innovation throughout the blockchain space. Tether tokens exist as a digital token built on multiple blockchains.

100% backed and fully transparent

All Tether tokens (USD₮) are pegged at 1-to-1 with a matching fiat currency and are backed 100% by Tether’s reserves. We publish a daily record of the current total assets and reserves.

Widespread adoption

From being the first, to the most used, stablecoin, and one of the most traded tokens by volume, Tether tokens have come a long way. Tether tokens are today the most widely adopted stablecoins across major exchanges, OTC desks, and wallets, including:

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The token that is disrupting the global financial industry

Tether for Individuals

Tether tokens offer exceptional liquidity on tier one exchanges giving traders the ability to take advantage of arbitrage opportunities in the fastest time possible.

Tether for Merchants

For merchants, integrating Tether tokens opens up an array of opportunities for consumers to purchase products and services.

Tether for Exchanges

Tether tokens play a pivotal role in the digital token ecosystem and are the most actively traded in terms of 24-hour volume.

FAQs

What is Tether?

Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner. Tether works to disrupt the conventional financial system via a more modern approach to money. Tether has made headway by giving customers the ability to transact with traditional currencies across the blockchain, without the inherent volatility and complexity typically associated with a digital currency. As the first blockchain-enabled platform to facilitate the digital use of traditional currencies (a familiar, stable accounting unit), Tether has democratised cross-border transactions across the blockchain.

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Tether tokens exist as digital tokens built on several leading blockchains, including Algorand, Avalanche, Bitcoin Cash’s Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Polygon, Tezos, Tron, Solana and Statemine. These transport protocols consist of open source software that interface with blockchains to allow for the issuance and redemption of Tether tokens. 

Every Tether token is 100% backed by our reserves, which includes traditional currency and cash equivalents, and may include other assets and receivables from loans made by Tether to third parties.

The Tether platform is fully reserved when the sum of all Tether tokens in circulation is less than or equal to the value of our reserves. Through our Transparency page, anyone can view both of these numbers on a daily basis.

Tether was originally created to use the Bitcoin network as its transport protocol—specifically, the Omni Layer—to allow transactions of tokenised traditional currency. Since this original version of Tether uses the Bitcoin blockchain, it inherits the inherent stability and security of the longest established blockchain network.

Tether on the Ethereum blockchain, as an ERC20 token, is a newer transport layer, which now makes Tether tokens available in Ethereum smart contracts or decentralized applications on Ethereum. As a standard ERC20 token it can also be sent to any Ethereum address.

Since Tether tokens are currently available using different transport protocols, when users send Tether tokens to other addresses, they need to carefully check the destination address to confirm they are selecting the correct transport protocol.

Tether tokens are assets that move across the blockchain just as easily as other digital currencies but that are pegged to real-world currencies on a 1-to-1 basis.

Tether tokens are referred to as stablecoins because they offer price stability as they are pegged to a fiat currency. This offers traders, merchants and funds a low volatility solution when exiting positions in the market.

All Tether tokens are pegged at 1-to-1 with a matching fiat currency (e.g., 1 USD₮ = 1 USD) and are backed 100% by Tether’s reserves.

As a fully transparent company, we publish a daily record of the current total assets and reserves.

Tether supports US dollars (USD), euros, Mexican peso, offshore Chinese yuan, and Gold, with the following Tether tokens, respectively: USD₮, EUR₮, MXN₮, CNH₮ and XAU₮.

Tether tokens enable businesses – including exchanges, wallets, payment processors, financial services and ATMs – to easily use fiat currencies on blockchains. Some of the largest businesses in the digital currency ecosystem have integrated Tether tokens.

View industry supporters. 

Individuals can also use Tether-enabled platforms to transact with Tether tokens.

Latest news

Tether and Coins.ph Collaborate on Blockchain Education Initiative in the Philippines
Tether and Coins.ph Collaborate on Blockchain Education Initiative in the Philippines

10 April, 2024 —   Tether Operations Limited (Tether), the largest company in the digital asset industry, and Coins.ph, a leading digital asset exchange in the Philippines, announced today that they are joining forces to promote financial education of blockchain technologies, Bitcoin, and Stablecoins, in the region. 

This collaboration will empower Filipinos with financial knowledge through a series of educational programs developed by Coins.ph, tailored to diverse audiences. This will include workshops, online campaigns, and interactive quizzes designed to increase awareness and understanding of digital assets and their potential benefits.

“The Philippines is a nation brimming with potential for digital asset adoption”, said Paolo Ardoino, CEO of Tether. "Through this collaboration with Coins.ph, we hope to equip Filipinos with the knowledge and tools to navigate the exciting world of blockchain technologies. Tether is proud to spearhead a movement that combines cutting-edge technology, education, and financial inclusion."

“Our collaboration with Tether marks a significant step towards equipping Filipinos with essential knowledge to participate in the growing digital asset economy. A key focus of this will be the use of Stablecoins such as USDT for cross-border payments and remittances,” said Wei Zhou, CEO  of Coins.ph. “This collaboration aligns with our mission to make financial services accessible and inclusive for everyone in the Philippines.”

This latest collaboration is a further demonstration of Tether's overarching mission to facilitate easy access to educational resources that promote an understanding and responsible utilization of blockchain-backed digital assets. This endeavor represents an extension of Tether's existing groundwork in Thailand, Georgia, Uzbekistan, and Africa where Tether has collaborated on educational initiatives to raise awareness and understanding of blockchain technology and stablecoins. With these initiatives, Tether seeks to equip citizens with the necessary knowledge and proficiency to thrive in the cryptocurrency sphere, encompassing vital areas like avant-garde technology, stablecoins, and peer-to-peer systems.

The educational initiatives will target diverse segments of the Filipino population, including finance professionals like bankers and fintech companies, but also Overseas Filipino Workers seeking efficient remittance solutions, pawnshop owners and customers, and individuals curious about the fundamentals of cryptocurrency. 

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Tether awards a $100,000 Grant to BTCPay Server Foundation, Backing Free and Open Source Software Development
Tether Awards $100,000 Grant to BTCPay Server Foundation, Backing Free and Open Source Software Development

2 April 2024 -  Tether, the largest company in the cryptocurrency industry, announced that it has awarded a $100,000 USD grant to BTCPay Server Foundation further underscoring the Company’s unwavering support for the FOSS movement. The BTCPay Server's open-source payment processor software is used and customized by thousands of merchants and businesses freely across the world to accept Bitcoin & USDt payments (on Liquid). 

The grant awarded to the BTCPay Server Foundation stemmed from Tether's recognition of the critical role that FOSS plays in technological advancement and its potential to democratize access to cutting-edge technologies for everyone. Through this collaboration, Tether aims to propel the development of open-source payment gateways, ensuring they are more accessible, efficient, and secure for users worldwide.

"Our grant to the BTCPay Server Foundation is a testament of Tether's commitment to the open-source community and our belief in the transformative power of technology,” said Paolo Ardoino, CEO of Tether. By supporting the BTCPay Server Foundation, we are investing in the future of digital payments and empowering developers to create innovative solutions that meet the evolving needs of users around the globe."

The BTCPay Server Foundation, known for its dedication to promoting financial privacy and freedom, welcomed Tether's support. This grant will significantly enhance BTCPay Server's ability to innovate and expand its offerings, furthering its mission to provide a secure, private, and censorship-resistant platform for payment processing.

R0ckstar Dev, a Core Contributor and founding member of BTCPay Server, expressed his gratitude stating: "I'm thankful to Tether for recognizing BTCPay Server's significance as a Bitcoin FOSS project and for its generous grant. This contribution greatly empowers us to concentrate on our mission: enabling anyone to accept Bitcoin, unhindered by geographic, political, or financial barriers."

As Tether continues to pave the way in Bitcoin and USDt digital payment solutions, this collaboration marks another milestone in the Company’s journey to support and enrich the FOSS community. It illustrates Tether's strategic focus and commitment to creating a more inclusive and equitable digital future.

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Driving the Future of Money

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

Copyright © 2013 - 2024 Tether Operations Limited. All rights reserved.
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