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
Plan ₿ Expands to High Fashion, Brings Crypto Payments to Fashion Retail Locations
Plan ₿ Launches Tether, Bitcoin Payments at retail stores, enables crypto-shopping for residents and tourists
LUGANO, Switzerland, 22 March 2023 – Plan ₿, a joint initiative between the City of Lugano and Tether, the technology company supporting the blockchain-enabled platform that powers the largest stablecoin by market capitalization (USD₮) announced today a collaboration with Guess to officially bring Bitcoin, Tether and LVGA payments to retail stores in Lugano. Plan ₿, founded by Tether and the city of Lugano, aims to scale Bitcoin and stablecoin adoption throughout the city to positively impact all facets of daily life for its residents. It has accelerated the use of and leveraged bitcoin technology as the foundation to transform the city’s financial infrastructure with over 150 Lugano shops and businesses, including McDonald's, now accepting Bitcoin, Tether, and LVGA in addition to fiat currency as payment for their goods and services.“The addition of Guess to the companies now accepting cryptocurrency in Lugano represents a milestone moment on our journey towards full immersion and blockchain adoption in the region. It further reinforces public interest in utilizing cryptocurrencies to pay for goods and services,” said Michele Foletti, the Mayor of Lugano. “We are proud to be able to bring these technologies to our residents and hope to inspire others across Europe and the globe to do the same.” The Guess boutique is centrally located making it a prime spot for both tourists and Lugano residents to begin experimenting with real-life digital assets. The shop will use an advanced POS system with Bitcoin lightning network technology and allow customers to buy clothing and accessories of the new collections using the three virtual currencies involved, obtaining, moreover, a 10% cashback credited to customers in LVGA. In addition, the commissions on transactions will be zero in the initial months after activation. “In the 365 days since the launch of Plan ₿, Tether and the City of Lugano have carried out many initiatives with considerable success,” said Paolo Ardoino, CTO of Tether. The addition of Guess, a major fashion brand, to the companies now accepting cryptocurrency in Lugano demonstrates that they have become the catalyst for real change. We are so excited to watch the progress of Lugano’s cryptocurrency adoption and believe that it will be the blueprint for those who choose to follow in its footsteps.”To learn more about Plan ₿ or to buy tickets to the Plan ₿ forum please visit: https://planb.lugano.ch/planb-forum/
About Plan ₿ Lugano’s Plan ₿ is a joint initiative between the City of Lugano and Tether to accelerate the use of and leverage bitcoin technology as the foundation to transform the city’s financial infrastructure.The plan will scale blockchain and Bitcoin throughout the city to positively impact all facets of daily life for the residents of Lugano. From small transactions with local merchants to larger efforts – such as paying annual taxes – blockchain will serve as the foundation for the city’s financial exchanges.
EUR₮ and XAU₮ Now Available on Bit2Me
March 21, 2023 — Tether Operations Limited (Tether), the company operating the blockchain-enabled platform tether.to that powers the first and most widely used stablecoin, announced today that EUR₮ and XAU₮ are now available on Bit2Me, a cryptocurrency exchange and financial platform.Bit2Me specializes in financial technology helping exchanges, mining pools, token issuers, investment funds, governments, and institutions access, trade, and manage cryptocurrencies and digital assets. Created to provide transparency and open financial systems to the masses making markets more efficient, Bit2Me2 supports multiple initiatives in the DeFi ecosystem, offers wallet features, and recently launched a credit card via the Mastercard Network. “We are thrilled at the opportunity to bring EUR₮ and XAU₮ to an entirely new platform,” said Paolo Ardoino, CTO of Tether. “Bit2Me users now have access to the most liquid, transparent stablecoin on the market and will be able to move in and out of positions seamlessly and with confidence.”The addition of EUR₮ and XAU₮ to the Bit2Me platform marks another milestone from the industry’s leading stablecoin as it continues to increase its presence across cryptocurrency ecosystems globally. It will alleviate the potential adverse effects associated with market volatility and provide a stable currency to move on and off the platform.“EUR₮ and XAU₮ are exciting and essential assets to the ever changing crypto market,” said Cosmin Staicu of Bit2Me. “We believe that our users deserve the best the industry has to offer and EUR₮ and XAU₮ are representative of that.”Important Note:
This press release is not an offer to sell or the solicitation of an offer to buy USD₮. Tether Limited and Tether International Limited will only sell or redeem USD₮ pursuant to its terms of service available (as of the date of this press release) at tether.to/en/legal.Forward-Looking Statements
Certain 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 Tether nor any other person (including Tether’s affiliates or Bit2Me) 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.