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 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.

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.

Latest news

Tether Leads In The Emerging Markets

Like any new idea, digital currencies are fighting an ideological battle to convince the world that they offer something beneficial, something which brings value to people globally. However, it is a battle on two fronts, convincing individuals in wealthy, industrialized countries and convincing individuals in emerging markets.Much of the dialogue, debate, and press coverage over digital currencies is from the point of view of people in wealthy, industrialized countries. " Why would I use Bitcoin, I have Venmo?"" The dollar is never going to hyperinflate!"" Why would I use a stablecoin, I can just use real dollars!" Answering questions like these for Westerners is something we spend a lot of time doing, and there are good answers to the question of why someone in a wealthy, industrialized country would use digital currencies. However, it's only half of the story, and perhaps much less than half.Many of the questions that get debated first in the West, don't even occur to someone in an emerging market.Does someone living in Argentina question if they will ever experience hyperinflation? What about Turkey? Lebanon? Egypt?Do people in African nations question why someone might want to use a stablecoin instead of "real US dollars"? Of course not, most people can't get US dollars.And does the idea of cheap, reliable, near-instant payments hold any appeal for people in Venezuela? Of course, they can't access Venmo!Tether in the Lead in Emerging MarketsWhile market pundits obsess over market cap and how large the lead is between Tether and it's competitors, the story being written in emerging markets is different.Tether is focusing on emerging markets rather than being WallStreet buddies like other competitors.Tether worked with ATM companies to make USDT available at over 24,000 ATMs in Brazil Nov 2022.Two months later stablecoins, and USD₮ in particular, made up over 50% of Brazilian Real volumes.Brazil also saw record registrations from companies in Brazil holding USD₮ which was the most widely held cryptocurrency in Brazil. Tether provides a true utility to countries with unstable fiat currencies, unreliable payment rails, and insecure property rights. This is as true in Egypt as it is in Venezuela.Since the start of 2022 the Egyptian pound has declined from around 15 pounds per dollar to 30 pounds per dollar. That's a 50% decline versus the dollar in one year! And that is the official rate!Whenever a country's currency starts inflating like Egypt's has, it is practically a guarantee that a black market for dollars will emerge. In December, the official exchange rate was 24.6 pounds per dollar but on black markets it was 32 pounds per dollar. These prices are sustained by the fact that people cannot easily access dollars and there is not enough supply to go around.USD₮ is able to bring dollar liquidity to these areas that is accessible to everyone. There are no gatekeepers, no withdrawal limits, no officially mandated conversion caps.Anyone with an internet connection can receive and access USD₮. People turn to Tether in Lebanon when they need to buy groceries.People turn to Tether in Turkey when they need to protect their savings.People turn to Tether in Myanmar when they need to fight for Democracy.People turn to Tether in Argentina when the country's economic stability is in question.In Africa, young people hopeful of building a better life for themselves are frequently unable to pay for the necessary academic and work credentials because they require dollars they cannot access. Governments with the most volatile currencies have heavily restricted dollar access, but Tether has provided an alternative for people in these countries. USD₮ has been a lifeline for immigration to Western countries.Tether is committed to serving people in emerging markets globally. Let's build an open future together.

Tether, Bitfinex, Hypercore-backed Holepunch Launch Keet Mobile

Keet Mobile offers a fully encrypted, peer-to-peer chat dApp for mobile devices
January 30, 2023 — Holepunch (https://holepunch.to), a fully encrypted platform for building peer-to-peer applications, announced today the launch of Keet Mobile, a free peer-to-peer instant messaging application that works without the need for centralized entities on any device. Keet Mobile is the first in a series of peer-to-peer applications that will put control back into the hands of people. Similar to its desktop counterpart, Keet Mobile is based on Holepunch technology, which is a fully open source, peer-to-peer tech stack. While the Keet Mobile alpha initial release will be limited to texting, the ability to make audio or video calls is planned for release within few months.Unlike traditional video chat apps which use cloud-based software or outside servers as intermediaries to connect two or more people, Keet Mobile users can initiate a call directly to another individual’s computer, laptop or mobile phone without third party access or interference. This allows for text/audio/video chatting to take place without a central servers or company operating the network.“Today, we’re pleased to announce that the Holepunch team achieved a result that was unthinkable before by bringing full peer-to-peer communication technology to mobile devices for today’s world. In doing so, they have completely disrupted the traditional concept of mobile applications. The idea that you must give up your private data to big tech companies to do something as simple as talk to another person on a mobile device is dead,” said Paolo Ardoino, CTO of Tether and Bitfinex & CSO of Holepunch. “We believe in financial freedom at Tether and Bitfinex, and what’s just as fundamental as financial freedom is freedom of communications. We at Tether and Bitfinex are proud to support the growth of Holepunch and its series of peer-to-peer applications, and we are so excited for the future.”Backed by Tether Operations Limited (“Tether”), the company operating the blockchain-enabled platform tether.to that powers the first and most widely used stablecoin, Bitfinex, a premier cryptocurrency exchange, and Hypercore, a developer of peer-to-peer, scalable, and cryptographically sound distributed systems, Holepunch was founded to unlock global communications and empower freedom of speech, access to information and combat censorship around the world. Allowing users to be in control of their own data and communications channels is fundamental to improving the human condition and breaking free from technology monopolies and centralized points of failure.“Since day 1, our goal has been to vault the Holepunch platform and Keet to become the most unstoppable communication application in the world, and with today’s release of Keet Mobile, we are well on our way,” said Mathias Buus, CEO of Holepunch Inc. “The proliferation of mobile devices around the world has been a game changer in our ability to seek information, build wealth, and communicate with people. Somewhere along the way, it was decided that for us to do all these things, we had to pay a heavy tax of personal data to big tech companies. That’s what we’re fighting in the world of decentralization and crypto, and that’s why we’re so thrilled to release Keet Mobile today.”To learn more about Holepunch, please visit holepunch.to; to learn more about Keet Mobile, please visit https://keet.io/

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