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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 Confirms Zero Exposure To Genesis

With recent news surrounding Genesis today, Tether would like to confirm that it has absolutely no exposure to Genesis or Gemeni Earn. Tether tokens are 100% backed by its reserves, and the assets that are backing the reserves exceed the liabilities. Tether holds a strong, conservative, and liquid portfolio, which includes cash, cash equivalents, and U.S. treasuries. Tether will continue to focus on safeguarding those reserves. It is important at a time like this to highlight that these reserves have proved tried and true demonstrating consistent resilience during the black swan events that have characterized the market this past year. Tether is operating business as usual and will continue to do so putting our customers first.
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Tether Proves Resilience of Reserves in Latest Attestation

Today, Tether Holdings Limited made available its latest quarterly assurance opinion completed by BDO, a top five-ranked global independent public accounting firm. The attestation re-affirms the accuracy of Tether’s Consolidated Reserves Report (CRR), which breaks down the assets held by the group as of September 30, 2022. The CRR demonstrates the strength of its reserves revealing massive reductions in commercial paper investments to near zero and an overall increase in U.S. Treasury Bills.Tether's reserves are extremely liquid with the majority of its investments, making up 82% of the total assets, being held in Cash & Cash equivalent and other short-term deposits. It further highlighted a massive reduction in commercial papers with exposure only representing 0.07% of the reserves at the date of the report. Tether has reduced its commercial paper exposure by more than US$24 billion with no losses over the course of 2022 fulfilling both its promise and commitment to the community to do so. The last remaining CPs were fully reimbursed at the beginning of October 2022. U.S. Treasury Bills now also make up a significant portion of Tether's reserves with a direct exposure of over 58%. Tether’s CRR indicates, and BDO independent attestation confirms that the group’s consolidated assets exceed its consolidated liabilities.You can read the latest assurance opinion and the Consolidated Reserves Report: hereThe Management of the Company asserts the following as of 30 September 2022:
  • The Group’s consolidated total assets amount to at least US$ 68,061,618,458.
  • The Group’s consolidated total liabilities amount to US$ 67,811,510,720, of which US$67,805,112,981 relates to digital tokens issued.
  • The Group’s consolidated assets exceed its consolidated liabilities.
Paolo Ardoino, Tether CTO, said:“Tether is proud to present this latest consolidated reserve report which once again amplifies its position as a leader in transparency,” said Paolo Ardoino, CTO of Tether. “This attestation is further evidence of our commitment to our community and ability to deliver on our promises. Tether is a trustworthy organization that communicates that by providing facts and in its actions. With CP at nearly zero, more US T-Bills than ever before, and highly liquid investments, Tether is the most utilized stablecoin on the market. We are also proud to share that the company is profitable and in the last quarter, an additional US$60 million was added to its excess reserves. The outlook for the upcoming quarter is very positive and we look already forward to the next attestation."
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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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