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
Tether Leads Oobit's $25M Series A Funding Round to Propel Crypto Adoption

5 February, 2024 – Tether, the largest company in the cryptocurrency industry, has announced its investment in Oobit, a mobile payment application. The Series A funding round has concluded with $25 million raised for Oobit's ongoing development, supporting its goal of mainstream cryptocurrency adoption. This aligns with Tether's vision of a financially inclusive world.

Oobit's mobile payment app empowers crypto holders to Tap & Pay at over 100 million retailers worldwide, accepting Visa and Mastercard. This seamless integration allows merchants to effortlessly embrace digital assets as a form of payment, providing customers with a convenient way to use their digital assets for transactions. In the pipeline, future updates to Oobit will enable customers to make crypto payments while ensuring that merchants seamlessly receive fiat currency in return, mirroring the simplicity of customers paying with a credit card.

The Series A funding round, led by Tether's investment arm, saw significant participation from pivotal industry leaders and strategic investors. Notable contributors include CMCC Global's Titan Fund, 468 Capital, and Anatoly Yakovenko, Co-founder of Solana.

“Tether’s strategic investment in Oobit underscores our unwavering dedication to welcoming new users into the cryptocurrency ecosystem,” said Paolo Ardoino, CEO of Tether. “Our support is founded on a mutual vision to drive the widespread adoption of cryptocurrencies on a global scale. Oobit, in our perspective, stands as a catalyst, breaking down barriers and facilitating frictionless transactions for crypto holders worldwide.”

The Oobit app is available on the Apple App Store and Google Play and can be connected with Oobit’s native blockchain wallet to enable payments via Tether, Bitcoin, and other digital assets. 

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

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Tether
Tether Launches Tether Edu to Advance Digital Education Globally

1 February 2024 – Tether, the largest company in the cryptocurrency industry, today announced the launch of Tether Edu, a global education initiative dedicated to fostering accessibility of digital skills development while promoting self-development and self-realization. As Tether's educational arm, Tether Edu will assume responsibility for coordinating the various global education programs supported by the company.

Tether Edu, in collaboration with industry pioneers and experts, will offer hybrid courses, tailored workshops, and masterclass programs that won’t just encompass blockchain education, but also various digital educational areas such as design, artificial intelligence, coding, and more. The platform will provide a smart educational environment that identifies and implements the latest trends and expertise in specific digital industries.

Tether Edu will cover markets across the globe, with a particular focus on emerging markets in Africa, Latin America, the Middle East, Europe, the Commonwealth of Independent States, and Asia.

"Tether Edu represents a leap forward in our sustained commitment to drive digital education worldwide, with a particular emphasis on empowering emerging markets,” said Paolo Ardoino, CEO of Tether. “ We firmly believe that financial tools, exemplified by USDt, are not merely instruments for transactions but catalysts capable of rewriting economic history. Education stands as the cornerstone of this journey, serving as a linchpin for fostering economic prosperity and sustainable development. By imparting essential digital skills, Tether Edu aims to bridge knowledge gaps, empower individuals, and ignite economic growth. In our conviction, educational initiatives such as Tether Edu are not just enriching minds; they are architecting the foundations of economic empowerment and prosperity on a global scale."

This announcement follows Tether's strategic investments and collaborations with influential entities like the Academy of Digital Industry in Georgia and Bitkub, Thailand's largest local exchange. These strategic initiatives aim to streamline access to educational resources, raising awareness of stablecoins and blockchain technology within local communities.

As Tether Edu gears up to provide innovative courses and educational resources worldwide, the initiative is actively seeking talented individuals to join its team. For those interested in being part of Tether Edu's transformative journey and contributing to the future of digital education, visit https://tether.recruitee.com/edu to explore current opportunities.

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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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