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WHY TETHER?

HOW IT WORKS

NEWS

Tether Gold

TRANSPARENCY

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WHY TETHER?

HOW IT WORKS

NEWS

Tether Gold

TRANSPARENCY

Log In
Sign Up

WHY TETHER?

HOW IT WORKS

NEWS

Tether Gold

TRANSPARENCY

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Sign Up




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.

Learn How Tether Works



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.

Go to Transparency Page



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:





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.
Learn more


TETHER FOR MERCHANTS

For merchants, integrating Tether tokens opens up an array of opportunities for
consumers to purchase products and services.
Learn more


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.
Learn more



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.



HOW DO TETHER TOKENS WORK?



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.

WHAT ARE TETHER TOKENS?



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.

WHAT CURRENCIES AND COMMODITIES DOES TETHER SUPPORT?



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₮.

WHO CAN USE TETHER TOKENS?



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.

Read all FAQs



LATEST NEWS

TETHER TOKEN (USDT) TO LAUNCH ON CELO

March 11, 2024 — Tether Operations Limited (Tether), the largest company in the
cryptocurrency industry, announced today that USDT will launch on Celo, a
mobile-first and EVM-compatible blockchain network that’s built for the real
world and designed for fast, low-cost payments worldwide. This strategic
collaboration between Tether and the Celo ecosystem ushers in a new era of
accessibility and utility for digital currency users and represents a
significant milestone for both platforms, as they join forces to enhance
financial inclusion and empower individuals across the globe.

Celo's mobile-first design ethos and its extensive ecosystem, spanning over
1,000 projects across more than 150 countries, align perfectly with Tether's
mission of accessibility. This integration brings a range of benefits, notably
low, sub-cent transaction fees, which hover around $0.001, making
microtransactions feasible for users of all socio-economic backgrounds and
geographies. Celo's EVM-compatible blockchain infrastructure further integrates
with the industry’s leading Ethereum ecosystem.

Additionally, a community Forum post by Celo core contributors at cLabs will
propose the innovative use of USDT as a gas currency, which will streamline
transactions and foster efficiency within decentralized applications (dApps)
focusing on payments, lending, and more. Celo's vibrant ecosystem includes
projects like Opera MiniPay’s ultralight stablecoin wallet in countries like
Kenya and Ghana, built into the Mini browser, among other use cases providing an
optimal environment for the adoption and utilization of USDT.

The carbon-negative Celo blockchain will not only ensure the accessibility of
USDT through mobile devices but also uphold the financial transparency and low
costs synonymous with Tether. This expansion underscores the shared mission of
both companies to extend the advantages of blockchain-powered technologies to
mainstream consumers worldwide.

"At Tether, we are committed to providing accessible and reliable digital
currency solutions to users worldwide," said Paolo Ardoino, CEO of Tether. "The
integration of Tether USDT on the Celo platform, which is built for the real
world, will represent a significant step forward in our mission. By leveraging
the unique capabilities of Celo, we can further enhance the usability and
accessibility of Tether for millions of people."

Tether USDT will join a diverse array of stable assets on the Celo platform,
including solutions such as Mento's eXOF and cREAL, which track the CFA Franc
(used across 14 countries in sub-Saharan Africa) and the Brazilian Real,
respectively, catering to various regions and currencies. This integration
expands the use cases for stable assets on Celo, including, but not limited to
remittances, savings, lending, and peer-to-peer (P2P) and cross-border payments.

Key features of the Celo platform, such as SocialConnect, a privacy-first naming
service, made for phone numbers, email addresses, and other social identifiers,
and FiatConnect, an open on-/off-ramp API standard will also enhance
accessibility and usability for users, making it easier than ever to transact
with Tether USDT on Celo. Additionally, the ability to pay for gas with ERC-20
tokens, including stable assets, will provide an easy, seamless payment
experience for users.

"We are thrilled to welcome Tether USDT to the Celo ecosystem, which is fast
becoming a leader in stablecoins and real-world assets (RWAs)" said Rene
Reinsberg, Celo Co-Founder and Celo Foundation President. "This integration
aligns with our mission to create a digital economy that creates the conditions
for prosperity for everyone. With Tether USDT soon available on Celo, users have
even more options for fast, low-cost payments and access to robust stablecoin
use cases that benefit everyday users around the world."

The launch of Tether USDT on Celo will mark a significant milestone for both
platforms and the broader ecosystem. It underscores the importance of
collaboration and innovation in driving the adoption of digital currencies and
advancing financial inclusion on a global scale.

It also solidifies Tether's position as the most widely adopted stablecoin,
which is now live on 16 networks, including Algorand, Avalanche, Ethereum, EOS,
Liquid Network, Near, Omni, Polygon, Solana, Bitcoin Cash's Standard Ledger
Protocol, Statemine, Statemint, Tezos, and Tron. 

For more information about Tether and Celo, visit Tether and Celo.





Important Note

This press release is not an offer to sell or the solicitation of an offer to
buy USDT. Tether Limited and Tether International Limited will only sell or
redeem USDT pursuant to the terms of service available (as of the date of this
press release) at https://tether.to/en/legal.





Read more

TETHER SIGNS MOU WITH REPUBLIC OF UZBEKISTAN TO DEVELOP BLOCKCHAIN AND
PEER-TO-PEER TELECOMMUNICATION INFRASTRUCTURE, FOSTER INNOVATION

7 March 2024 - Tether, the largest company in the cryptocurrency industry,
announced today the signing of a Memorandum of Understanding (MOU) with the
National Agency of Perspective Projects (NAPP), responsible for crypto
regulation and development in the Republic of Uzbekistan. This strategic
collaboration aims to position Uzbekistan as a central hub for peer-to-peer and
blockchain technology, igniting a revolution of innovation and economic growth.
It also highlights Tether’s commitment to advancing its global strategy of
building resilient cities and nations worldwide.

This collaboration aims to explore and promote the development and adoption of
blockchain technology, stablecoins, and digital asset tokenization in Uzbekistan
but also stimulate economic growth and innovation in the region.

“We are excited to collaborate with the National Agency of Perspective Ргоjесt
of the Republic of Uzbekistan (NAPP) to explore the vast potential of
blockchain, stablecoins, and peer-to-peer telecommunication technology in
Uzbekistan," said Paolo Ardoino, CEO of Tether. “This collaboration demonstrates
Tether's commitment to fostering innovation and responsible development of the
digital asset ecosystem globally.”

In order to create a conducive environment for blockchain solutions and
adoption, Tether will focus on supporting the development of a legal framework
and regulatory policy for crypto assets in Uzbekistan, facilitating the
development and implementation of Uzbekistan's digital currency, exploring the
potential of asset tokenization mechanisms, analyzing and improving Uzbekistan's
digital currency payment infrastructure and collaborating on educational
initiatives to raise awareness and understanding of blockchain technology and
stablecoins.

Recognizing the importance of a resilient digital infrastructure, Tether and
NAPP will also explore the development and implementation of a robust and
independent communication and financial system. Tether and NAPP will work
together to analyze and improve Uzbekistan's digital currency payment
infrastructure for faster, secure, and cost-effective transactions.

Amidst the ongoing digital transformation of both private and public sectors,
Uzbekistan aims to collaborate with Tether and engage local academic
institutions. The objective is to prioritize the creation and execution of
educational programs aimed at enhancing public comprehension of blockchain
technology, stablecoins, peer-to-peer telecommunications, and their practical
uses. These initiatives seek to equip students and professionals with the
necessary knowledge and proficiencies to thrive in the cryptocurrency sphere,
encompassing vital areas like blockchain technology, stablecoins, and
peer-to-peer systems.

The Director of NAPP, Lee Dmitriy Romanovich stated, "NAPP is dedicated to
exploring the power of emerging technologies to propel Uzbekistan's economic
development. This collaboration represents a significant step in harnessing the
enormous potential of blockchain technology and crypto-assets in general.
Combined with other ongoing initiatives aimed at improving public services, a
well-integrated and responsibly introduced blockchain ecosystem can have a
profound impact on improving the lives of all Uzbekistan citizens.”

By joining forces with the Republic of Uzbekistan, Tether aims to strengthen the
blockchain ecosystem, foster innovation, and promote the country as a global
leader in blockchain and peer-to-peer technologies. This collaboration will not
only benefit the local startup community but also elevate Uzbekistan's
reputation as an attractive destination for companies and professionals
worldwide.



Read more

Read all news


DRIVING THE FUTURE OF MONEY

Tether supports and empowers growing ventures and innovation throughout the
blockchain as a digital token built on multiple blockchains.

TETHER

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