What are Tether tokens and how do they work?
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 record of the current reserve assets.
How are Tether tokens Issued
More stability, more growth
Tether tokens have grown in popularity over the past few years, with a market cap of over US$65 billion (as of September 2022). Tether tokens allow customers the ability to transact across different blockchains, without the inherent volatility and complexity typically associated with digital tokens.
Blockchain ready
Tether tokens exist as digital tokens built on various blockchains including Algorand, Avalanche, Ethereum, EOS, Liquid Network, Near, Omni, Polygon, Solana, Bitcoin Cash's Standard Ledger Protocol, Statemine, Statemint, Tezos, and Tron. Therefore, issuance of Tether tokens is viable on various blockchains with varying capabilities depending on the transport protocol used.
New Tokens
Tether only issues new Tether tokens when they are requested and purchased by customers who have followed our strict KYC procedure.
The token that is disrupting the global financial industry
Tether for Individuals
Tether for Merchants
Tether for Exchanges
The token that is disrupting the global financial industry
Tether for Individuals
Tether for Merchants
Tether for Exchanges
Latest news
Tether Launches Offshore Chinese Yuan (CNH₮) on Tron
December 6, 2022 — Tether Operations Limited (Tether), the company operating the blockchain-enabled platform tether.to that powers the first and most widely used stablecoin by market capitalization announced today the addition of its offshore Chinese Yuan (CNH₮) to the Tron blockchain. At launch, Bitfinex will be the first exchange to enable its users to deposit and withdraw CNH₮ using the Tron blockchain transport layer from the platform. Created in 2019, CNH₮ is pegged to offshore Chinese yuan (CNH). Initially available only on the Ethereum blockchain as an ERC-20 token, its launch on TRON will make it the second blockchain on which CNH₮ can be obtained, traded, and held. CNH₮ is one of four stablecoins that Tether supports including stablecoins pegged to the U.S. Dollar (USD₮), Euro (EUR₮), and Peso (MXN₮). “We’re excited to bring CNH₮ to the Tron ecosystem,” said Paolo Ardoino, CTO of Tether. “At a time when the crypto market is experiencing immense turmoil, we believe that the best way forward is to keep building. Things are business as usual at Tether and we hope our continued growth and expansion will inspire others to keep going as well.” The launch of Tether CNH₮ on TRON represents the company's dedication to pioneering stablecoin technology and bringing the largest and most liquid stablecoins to global markets everywhere. About Tether Tether is the preeminent stablecoin and a pioneer for financial freedom and innovation. Created in October 2014, Tether has grown to become the most traded cryptocurrency, surpassing that of all rival offerings combined. Tether is disrupting the legacy financial system by offering a more modern approach to money By introducing fiat currency-digital cash to Bitcoin, Ethereum, EOS, Kusama, Liquid Network, Near, Omni, Polkadot, Statemine, Statement, Tron, and Algorand blockchains, as well as smart contract platform, Avalanche, Tether makes a significant contribution to a more connected ecosystem. Tether combines digital currency benefits, such as instant global transactions, with traditional currency benefits, such as price stability. With a commitment to transparency and compliance, Tether is a fast and low-cost way to transact with money.Important Note:This press release is not an offer to sell or the solicitation of an offer to buy CHN₮. Tether Limited and Tether International Limited will only sell or redeem CHN₮ pursuant to its terms of service available (as of the date of this press release) at tether.to/en/legal. Forward-Looking StatementsCertain statements in this press release may be forward looking in nature. The words “believe,” “expect,” “estimate,” “could,” “should,” “intend,” “may,” “plan,” “seek,” “anticipate,” “project” and similar expressions, among others, generally identify “forward-looking statements,” which speak only as of the date the statements were made. The matters discussed in these forward-looking statements are subject to a number of risks, trends and uncertainties that could cause actual results to differ materially from those projected, anticipated or implied in the forward-looking statements. Tether is not responsible for updating or revising any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Tether Gold (XAU₮) and Euro Tether (EUR₮) To Launch on Huobi Global
December 5, 2022 — Tether Operations Limited (Tether), the company operating the blockchain-enabled platform tether.to that powers the first and most widely used stablecoin, plans to launch Tether Gold (XAU₮) and Euro Tether (EUR₮) on the digital token exchange, Huobi Global on 8 November, 2022.Dating back to 2013, Huobi Global is a leading source of liquidity and trading volume and one of the oldest digital token exchanges in the ecosystem. Huobi Global currently has over 500 types of digital tokens available on the exchange and has a trading volume of over $2.6 billion. With XAU₮ being launched on Huobi Global’s exchange, Huobi customers will now have access to the stablecoin that represents ownership of physical gold. Additionally, with EUR₮’s launch on Huobi Global, Huobi customers have gained access to the Euro-pegged stablecoin from the company that powers the first and widely used stablecoin in the ecosystem today.“We are thrilled to be launching XAU₮ and EUR₮ on one of the oldest and leading exchanges in the world,” said Paolo Ardoino, CTO at Tether. “By gaining access to the stablecoin that represents ownership of physical gold and the Euro-pegged stablecoin that’s backed by the same company behind the first, most stable and trusted stablecoin, we believe the Huobi Community will be poised to thrive and continue to grow.”Huobi is also home to a variety of decentralized finance (DeFi) projects, including Lendhub, a decentralized lending platform, and MDEX, a decentralized, cross-chain trading platform.Important Note:This press release is not an offer to sell or the solicitation of an offer to buy USD₮, EUR₮ or XAU₮. Tether Limited and Tether International Limited will only sell or redeem USD₮ and EUR₮ pursuant to its terms of service available (as of the date of this press release) at tether.to/en/legal. TG Commodities Limited will only sell or redeem XAU₮ pursuant to its terms of sale and service available (as of the date of this press release) at gold.tether.to/legal.Forward-Looking StatementsCertain statements in this press release may be forward looking in nature. The words “believe,” “expect,” “estimate,” “could,” “should,” “intend,” “may,” “plan,” “seek,” “anticipate,” “project” and similar expressions, among others, generally identify “forward-looking statements,” which speak only as of the date the statements were made. The matters discussed in these forward-looking statements are subject to a number of risks, trends and uncertainties that could cause actual results to differ materially from those projected, anticipated or implied in the forward-looking statements. None of Huobi Global nor any other person (including Tether) is responsible for updating or revising any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Tether token
Tether supports and empowers growing ventures and innovation as a digital token built on multiple blockchains.