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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$77 billion (as of December 2021). 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, Ethereum, EOS, Liquid Network, Omni, Tron, Bitcoin Cash’s Standard Ledger Protocol, and Solana. 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.
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Tether for Merchants

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

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.
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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.
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Tether token

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

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