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