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 Makes Strategic Investment into Northern Data Group - Set to Become the Biggest Independent AI Player in Europe
21 September 2023: Tether, the company behind the world's leading stablecoin, is pleased to announce its strategic investment into Northern Data Group through Damoon, a Tether group company. With an $83 billion market capitalization, Tether is expanding its reach beyond fintech, following recent investments in energy production, bitcoin mining, and communications technology.
As the world anticipates the boundless opportunities driven by technological advancements, including blockchain, Generative AI, and scientific research, Northern Data Group emerges as a true pioneer. This investment is significant for Tether as it demonstrates its determination to support emerging technology. Tether recognizes Northern Data Group as a trailblazer in this domain and believes its commitment to resilient data storage and high-performance computing aligns perfectly with Tether's forward-looking perspective.
These investments not only embrace innovation but also uphold both companies' dedication to responsible financial stewardship, safeguarding the interests of their customers. Together, they aim to develop accessible solutions that benefit communities worldwide.
Tether looks forward to its collaboration with Northern Data Group on several initiatives that aim to leverage AI, peer-to-peer communications, and super-resilient data storage solutions, to develop accessible solutions globally and locally that service many communities already engaged with other Tether products.
"We are excited about this investment into Northern Data Group as it represents a fresh venture into new technological frontiers," said Paolo Ardoino, Tether's Chief Technology Officer. "This investment underscores our commitment to responsible growth and innovation while preserving the strength and integrity of Tether tokens’s reserves."
A media report from Forbes contained inaccuracies regarding Tether’s stake size in this investment.
It is also important to note that these investments are separate from Tether's reserves disclosed in the CRR, ensuring they do not impact Tether's reserves or customer funds. Tether's expansion into new frontiers signifies a promising era of growth and sustainability that aligns with Northern Data Group's vision for the future.

Challenges Plague Banking Industry as Tether Demonstrates Strength and Commitment to High Quality Principles Amidst Scrutiny from WSJ
The banking industry is facing significant challenges and has proven incapable of keeping up with evolving global financial markets, something the Wall Street Journal has disregarded countless times in pursuit of tarnishing the reputation of true innovators like Tether.
Traditional financial institutions are not addressing the needs of their customers in a way that is detrimental to a thriving economy and few have taken the time to examine this further. Rather they are spending time scrutinizing Tether, who, in the interest of its customers, has accrued more than $3.3 billion in excess reserves to effectively reduce secure loan exposure as net result.
Anyone with a minimum understanding of financial markets would see how a company having $3.3 billion in excess equity and on track to make a yearly profit of $4 billion is in all effects offsetting the secured loans and retaining such profits within the company balance sheet. Tether is still committed to removing the secured loans from its reserves.
This demonstrates the need for a more nuanced understanding of how stablecoins function and dispels any misconceptions regarding Tether's security. Or one might wonder if this is merely an attempt to manipulate tabloid-style reporting to appease their “friends” entrenched in the old guard.
Driving the Future of Money
Tether supports and empowers growing ventures and innovation throughout the blockchain as a digital token built on multiple blockchains.