Tethered to Truth & Transparency

Until recently, to outsiders, the crypto industry was a space that was shrouded in secrecy and was difficult to understand.

But now, crypto is being discussed everywhere. From professional sports players endorsing crypto currency on TV, to Elon Musk sharing his passion for the space, and countless other public figures giving personal tips on how to get into the industry, the conversation is pervasive.

As crypto becomes more mainstream and Tether tokens make up more than half of the stablecoins in circulation today, people are more interested in us than ever. And with increased interest there is also an increased opportunity to educate people who aren’t familiar with the industry, the concept of a stablecoin, and the underlying reasons Tether has been so successful since 2014.

A recent study by Traders of Crypto found at least a quarter of the population lacks a basic understanding of our industry and what we do.

We understand that as our leadership in the market grows, so does our responsibility to provide education and information on crypto and how it works.

As people seek information, unfortunately, there continues to be inaccurate and incorrect information circulating about stablecoins. Setting the record straight is bigger than us; it’s about protecting the credibility of the cryptocurrency industry as a whole.

Here are the fundamental truths you should know about Tether today and into the future.

• TRUE: Tether will continue to lead the charge in fighting for more transparent, accessible, and democratic access to finance

• TRUE: Tethers will continue to be 100% backed by Tether reserves – redeemable by customers

• TRUE: We will continue to cooperate with regulators and law enforcement to weed out bad actors and return stolen property

• TRUE: Tether will always be designed for our customers, who continue to return to us and exponentially grow and expand their enterprises and our business

For more on the real truth about Tether – watch the video here.

And if these assertions aren’t enough for you, we also lead the industry when it comes to transparency commitments.

You can find our most recent quarterly assurance opinion and our Consolidated Reserves Report here. The report shows, like all previous reports, that all Tether tokens are fully backed by Tether’s reserves.

We are also charter members of the Blockchain Alliance, a public-private forum established to combat criminal activity on the blockchain, and we regularly work with regulators and law enforcement to counter bad actors.

As this industry continues to expand, we intend to be both vocal and available to provide the information you need to make informed decisions. With knowledge comes power, and we’re excited to help people understand how blockchain technology is poised to democratize and revolutionize the global financial system as we know it.

We encourage you to visit our website to learn more about Tether and how we work.

Time for Change, Time for Transformation

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.