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 Expands AI Focus, Welcomes Top Talent to Fuel Innovation
Tether Expands AI Focus, Welcomes Top Talent to Fuel Innovation

26 March, 2024 —   Tether Operations Limited (Tether), the largest company in the cryptocurrency industry, announced a strategic expansion of its AI focus, positioning itself at the forefront of innovation. This significant move underscores Tether's dedication to advancing AI accessibility and efficiency, further solidifying its role as a pioneer in shaping the future of technology.

With a market capitalization exceeding $100 billion for its core product USDt and a reputation for strategic investments in diverse sectors, including peer-to-peer telecommunications, renewable energy and bitcoin mining, Tether continues to demonstrate its commitment to innovation. As concerns grow over the monopolization of AI technologies by Big Tech, Tether data, with this announcement, is stepping forward to champion transparency and privacy in AI model development.

The expansion of Tether data’s AI focus will focus on several key areas. Firstly, Tether data plans to pioneer the development of open-source, multimodal AI models to set new industry standards, driving innovation and accessibility within AI technology. It will also lead collaborations to integrate AI solutions seamlessly into market-driven products, leveraging the technology to address real-world challenges. Lastly, actively engaging with the broader ecosystem through community contributions, Tether data seeks to advance the field of open AI while showcasing its innovative projects.

Moreover, Tether data is also announcing a global recruitment drive for top-tier talent to contribute to its burgeoning AI division. This expansion into cutting-edge technology domains marks a significant milestone for the company.

"Artificial intelligence stands poised to revolutionize nearly every facet of our lives, both in the real and digital worlds," said Paolo Ardoino, CEO of Tether. "Our investment in Northern Data Group, known for resilient and high-performance technologies, aligns perfectly with our vision. Today's announcement establishes a new division within Tether, redefining AI boundaries and democratizing privacy-preserving open AI technology while setting industry benchmarks for innovation, utility, and transparency."

Starting today, Tether data invites talented individuals passionate about AI to explore career opportunities on its careers page here.

To learn more, visit https://tether.to

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Tether
Tether Assists US Government in Seizure of Illicit Funds Linked to Tech Scam

March 12, 2024 — Tether, the largest company in the cryptocurrency ecosystem, has played a pivotal role in assisting the United States Department of Justice and Federal Bureau of Investigation, in their seizure of approximately $1.4 million worth of Tether (USDT) tokens from a tech support scam network. The funds will be returned to the victims of the fraud. Tether’s voluntary support of the DOJ and FBI marks another significant effort in its fight against the use of cryptocurrency in the commission of financial fraud.

The U.S. DOJ publicly acknowledged Tether for its assistance in effectuating the transfer of these assets, further underscoring the company's commitment to upholding integrity within the crypto industry.

The alleged fraud scheme, which remains under investigation, targeted mostly elderly individuals across the United States. Perpetrators used popups to deceive victims into believing their computers were compromised, prompting them to contact tech support. Victims were then coerced into thinking their bank accounts were in danger, leading to funds being converted into cryptocurrency to supposedly protect them from hackers. These funds were transferred into virtual currency wallets controlled by the perpetrators.

“We are proud of our collaboration with the United States government in combating financial fraud within the cryptocurrency ecosystem. The seizure of $1.4 million worth of Tether (USDT) marks a significant milestone in our ongoing efforts to uphold integrity in this rapidly evolving industry,” said Paolo Ardoino, CEO of Tether “Our commitment to safeguarding users and eradicating illicit activities remains unwavering. Together with law enforcement agencies across the globe, we will continue to lead the charge in fostering a safer and more secure environment.” 

Tether remains steadfast in its commitment to combating financial fraud and illicit activities in cryptocurrency. The company will continue to voluntarily assist law enforcement agencies to help protect the safety and security of its users and the broader crypto community.

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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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