Why use Tether?
Launched in 2014, Tether tokens (USD₮) pioneered the stablecoin model and are the most widely traded. Tether tokens offer the stability and simplicity of fiat currencies coupled with the innovative nature of blockchain technology, representing a perfect combination of both worlds.
Whether it is for personal use or business purposes, Tether tokens offer many
benefits as the most stable, liquid and trusted stablecoin.
Multiple blockchains support
Tether tokens are built on multiple blockchains—offering easy integration and adoption. Supported blockchains are Bitcoin (Omni & Liquid protocol), Ethereum, TRON, EOS, Algorand, Solana, OMG Network, and Bitcoin Cash (SLP).
Unparalleled liquidity
Tether tokens are among the most traded tokens in terms of daily volume, offering unequalled liquidity.
Widespread Adoption
From exchanges and digital wallet apps to decentralised finance (DeFi) protocols and payment services, Tether tokens offer a smart alternative to fiat gateways.
100% backed by Tether’s reserves
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. The reserves match or exceed the amount required to redeem all Tether tokens in circulation.
Fully transparent
Tether tokens’ issued and reserve assets are publicly available and updated.
Available in different currencies
Tether supports US dollar (USD), euro (EUR), Mexican Peso (MXN), British Pound Sterling (GBP) and offshore Chinese yuan (CNH). Represented by ₮, Tether tokens are denoted as USD₮, EUR₮, MXN₮, GBP₮, CNH₮.
Regulatory-compliant
Tether maintains world-class standardised compliance measures for anti-money laundering (AML), countering the financing of terrorism (CFT), sanctions, and know your customer (KYC) laws and regulations.
Best-in-class customer support
A highly-trained customer support team is ready to help you 24/7.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 Discloses Celsius' Loan Liquidation Process
Tether has never and will never put the integrity of its reserves at risk. This has been proven time and time again not only by its ability to never refuse a redemption but also in the absolute transparency of its reserves.While Tether’s portfolio does include an investment in Celsius, representing a minimal part of its shareholder’s equity, there is no correlation between this investment and Tether’s own reserves or stability. The Tether loan that was taken out by Celsius was an overcollateralized loan denominated in BTC (130%+), and the decision to liquidate the collateral to cover the loan was a part of the original terms of the agreement between the two entities and reconfirmed in writing before the start of the liquidation event. This process was carried out in a way to minimise as much as possible any impact on the markets and in fact, once the loan was covered, Tether returned the remaining part to Celsius as per its agreement. Celsius position has been liquidated with no losses to Tether.Tether has developed a set of risk metrics and risk measurement processes, which allows the investment and financial teams to evaluate the risk of any of the company’s financial interactions. Tether's risk culture demonstrates an understanding of both the business of lending and takes into account the regulatory landscape in order to achieve and maintain its business objectives.Recent crypto market history has shown and should teach us, that while the media, critics and community were wrongly fixated on Tether, other lenders including notable names in the space were blatantly providing lending facilities with nearly zero collateral. This goes against the strict regulatory practice that the industry has set as standard.Critics who make claims of Tether’s inconsistencies clearly have no understanding of how lending, borrowing, and risk management work.
Tether Continues to Reduce Commercial Paper Holdings As It Solidifies Its Position As The Most Transparent Stablecoin
On May 19, Tether made available its latest quarterly assurance opinion demonstrating the strength of its reserves and revealing significant reductions in commercial paper investments.Today, the company is excited to share an update on its progress to further reduce its commercial paper portfolio. Currently, Tether has 8.4B of these holdings, of which 5B will expire on July 31. This will result in a significant reduction in commercial paper assets to a low of 3.5B, which is on track with Tether's commitment to the community. The goal remains to bring the figure down to zero. While both commercial paper and treasury reserves are commonly held liquid assets and cash equivalents, U.S. treasuries will now make up an even larger percentage of Tether’s reserves.This is part of a larger strategy to ensure that Tether has a diversified portfolio with limits to exposure on individual issuers or assets. It demonstrates a commitment by the company to reduce its commercial paper investments and validates the business, as part of its ongoing push towards an increased transparency for the stablecoin industry, proudly created by Tether in 2014. This will continue to be reflected in future assurance opinions in the coming months.
Tether token
Tether supports and empowers growing ventures and innovation as a digital token built on multiple blockchains.