{"id":"tether","title":"Tether (USDT)","content":"**Tether (USDT)** is a [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) [stablecoin](https://iq.wiki/wiki/stablecoin) pegged 1:1 to the U.S. dollar launched by the company Tether Limited Inc. in 2014. Tether Limited is owned by Hong Kong-based company iFinex, which also owns [Bitfinex](https://iq.wiki/wiki/bitfinex). [\\[1\\]](#cite-id-lwqk5620rqp) [\\[2\\]](#cite-id-b0ibwt203ek) [\\[3\\]](#cite-id-kepuzk9pwmp)​\n\n$$widget0 [YOUTUBE@VID](Kt0HlIP06d8)$$\n\n## Overview (USDT)\n\nTether (USDT or USD₮) is a [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) designed to maintain a stable value by pegging it to the value of a [fiat currency](https://iq.wiki/wiki/fiat-money), such as the US Dollar. Each USDT token is intended to be equivalent to one US Dollar, providing a stable and predictable value compared to more volatile cryptocurrencies like [Bitcoin](https://iq.wiki/wiki/bitcoin) or [Ethereum](https://iq.wiki/wiki/ethereum).\n\nTether was issued on the [Bitcoin](https://iq.wiki/wiki/bitcoin) [blockchain](https://iq.wiki/wiki/blockchain) through the Omni Layer Protocol. Each unit of Tether is said to be backed by actual assets in the Tether Limited reserve and may be redeemed via its platform.\n\nThe primary objective is to facilitate transactions between [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) exchanges with a rate fixed to the United States dollar allowing traders to take advantage of high-speed arbitrage opportunities without resorting to slow bank wires.[\\[45\\]](#cite-id-sbMxEfIa44)​\n\nTether is the first [stablecoin](https://iq.wiki/wiki/stablecoin) to be created and the most popular stablecoin used in the cryptocurrency ecosystem. Tether Limited attaches the value of a coin to the price of fiat currencies such as the US dollar, Euro, and Yen.[\\[4\\]](#cite-id-c7lv2gnedk)​\n\nAccording to Tether Limited, the tether is fully reserved i.e. the total number of tethers in circulation is less than or equal to the remaining balance of fiat currency in its reserve.\n\nExchanges have been the primary users of USDT as an alternative to fiat currencies, which minimizes or eliminates the need to maintain external banking relations. Some of the notable exchanges that utilize Tether include [Bitfinex](https://iq.wiki/wiki/bitfinex), [Binance](https://iq.wiki/wiki/binance), [Coinbase](https://iq.wiki/wiki/coinbase), [Kraken](https://iq.wiki/wiki/kraken), [Huobi](https://iq.wiki/wiki/huobi), [Poloniex](https://iq.wiki/wiki/poloniex), Liquid.io, and [OKX](https://iq.wiki/wiki/okx).[\\[4\\]](#cite-id-c7lv2gnedk)​\n\n## Founders\n\n​[Brock Pierce](https://iq.wiki/wiki/brock-pierce), [Reeve Collins](https://iq.wiki/wiki/reeve-collins), and [Craig Sellars](https://iq.wiki/wiki/craig-sellars).\n\n## Overview (Tether Limited)\n\n### Early Beginnings (2014-2015)\n\nTether, initially known as Realcoin, was founded in July 2014 by [Brock Pierce](https://iq.wiki/wiki/brock-pierce), [Reeve Collins](https://iq.wiki/wiki/reeve-collins), and [Craig Sellars](https://iq.wiki/wiki/craig-sellars). It was later rebranded to USTether and then to USDT in Novem 2014.\n\nUSDT which was initially built on the [Bitcoin](https://iq.wiki/wiki/bitcoin) blockchain using the Omni platform is now supported on multi-chains including the [Ethereum](https://iq.wiki/wiki/ethereum), [TRON](https://iq.wiki/wiki/trontrade-1), [EOS](https://iq.wiki/wiki/eos), [Algorand](https://iq.wiki/wiki/algorand), [Solana](https://iq.wiki/wiki/solana), OMG Network, [Polkadot](https://iq.wiki/wiki/polkadot), and [Polygon](https://iq.wiki/wiki/polygon) blockchains.\n\n![maxresdefault.png](https://ipfs.everipedia.org/ipfs/QmeEssKoWr9AdJGuh3hkV9aMFvKauKKZRpM4t34e3wDkZ8 \"maxresdefault.png\")\n\nTether was created as an attempt to solve two major issues with existing cryptocurrencies: high volatility and convertibility between [fiat currencies](https://iq.wiki/wiki/fiat-money) and cryptocurrencies.\n\nTether developed a [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) that is fully backed 1:1 by bank deposits of U.S. dollars to overcome these alleged difficulties. While Tether used the Omni layer to represent USDT tokens on [Bitcoin](https://iq.wiki/wiki/bitcoin), [ERC-20](https://iq.wiki/wiki/erc-20) tokens were used to represent USDT tokens on [Ethereum](https://iq.wiki/wiki/ethereum).\n\nWhile the tokens themselves operated in a decentralized network, Hong Kong-based Tether Ltd was solely responsible for creating and redeeming tokens as well as maintaining the 1:1 deposit backing.[\\[5\\]](#cite-id-0pjv955uiyq)​\n\n### Further Development (2018-2024)\n\nIn November 2018, Tether announced Deltec as its new banking partner to quell rumors about its solvency raised by the associated crypto exchange, [Bitfinex](https://iq.wiki/wiki/bitfinex).[\\[6\\]](#cite-id-qvcbywcuadg)​\n\nIn March 2019, Tether updated its disclosure statement and stated that its tokens are no longer fully backed by deposits in U.S. dollars.\n\nInstead, Tether is now fully backed by reserves, which include conventional currency, cash equivalents, and occasionally other assets and receivables from loans that Tether has given to third parties, including perhaps connected organizations. [\\[7\\]](#cite-id-2ivgh6c0efe)​\n\nIn October 2023, [Paolo Ardoino](https://iq.wiki/wiki/paolo-ardoino), former CTO for Tether, was promoted to the position of CEO for the company. He led the company starting in December 2023, succeeding [Jean-Louis van der Velde](https://iq.wiki/wiki/jean-louis-van-der-velde). [\\[25\\]](#cite-id-qitw86osk9) [\\[30\\]](#cite-id-5g4mje2ssm4)​\n\nOn June 24, 2024, Tether announced plans to immediately discontinue support for its USD₮ token on the [EOS](https://iq.wiki/wiki/eos) and [Algorand](https://iq.wiki/wiki/algorand) blockchains. This decision followed an extensive review of these platforms, assessing factors such as security architecture, community engagement, and overall utility. [\\[34\\]](#cite-id-u28rs2y4jc)​\n\n> \"We will continue to support the protocols and chains that the community finds useful and encourage the community to expand the use cases of USD₮ on every protocol.\" - the team wrote\n\n### Tether Enters the Latin American Market\n\nIn May 2022, Tether announced the launch of MXNT, a new [stablecoin](https://iq.wiki/wiki/stablecoin) backed by the Mexican peso. Following earlier launches of its USDT, EURT, and CNHT stablecoins, tied to the U.S. dollar, euro, and Chinese yuan respectively, the move signified its entrance into the Latin American market. MXNT was initially made accessible on the [Ethereum](https://iq.wiki/wiki/ethereum), [Polygon](https://iq.wiki/wiki/polygon), and [TRON](https://iq.wiki/wiki/trontrade-1) blockchains.[\\[8\\]](#cite-id-pwrqgbgudm8)​\n\nAccording to the firm’s former CTO, [Paolo Ardoino](https://iq.wiki/wiki/paolo-ardoino), the decision to enter Latin America was motivated by the region's rising [Bitcoin](https://iq.wiki/wiki/bitcoin) adoption. Notably, a study by bitcoin payments firm Triple A found that 40% of Mexican businesses were interested in implementing cryptocurrencies in some capacity, with 71% of those in the segment concentrating especially on doing so. [\\[8\\]](#cite-id-pwrqgbgudm8)​\n\nTether named Mexico a “prime location” for the next Latin American crypto hub. To assess the viability of future fiat-pegged currencies in the region, the launch of MXNT is said to be used to onboard as many new users as possible inside the Latin American market. [\\[8\\]](#cite-id-pwrqgbgudm8)​\n\n$$widget0 [YOUTUBE@VID](d2fmLSu8sjQ)$$\n\nIn May 2022, Tether's price momentarily dropped to 0.99.[\\[9\\]](#cite-id-kkb4wmxn87)​\n\n### Tether Mints $1B USDT\n\nOn December 25, 2023, the [blockchain](https://iq.wiki/wiki/blockchain) tracking platform Whale Alert reported that the Tether Treasury had minted $1 billion of its stablecoin, USDT. CEO Paul Ardoino responded to the thread on X saying that the transfer was an “inventory replenishment” on the [Ethereum](https://iq.wiki/wiki/ethereum) Network. [\\[32\\]](#cite-id-3o57k0kyekl)​\n\n> \"PSA: 1B USDt inventory replenish on \\[\\[[Ethereum](https://iq.wiki/wiki/ethereum)] - (<https://iq.wiki/wiki/ethereum>)] - (<https://iq.wiki/wiki/ethereum>) Network. Note this is an authorized but not issued transaction, meaning that this amount will be used as inventory for next period issuance requests and chain swaps\" - Ardoino wrote.\n\nInventory replenishment is the process of restocking goods to meet customer demand without accumulating excess stock. It involves forecasting demand, placing orders, and considering factors like lead time and safety stock to maintain optimal inventory levels. [\\[33\\]](#cite-id-e20t56ev6vd)​\n\nTether notes that its inventory replenishment is the process of creating new USDT that is stored in its treasury inventory as “authorized but not issued” USDT. [\\[32\\]](#cite-id-3o57k0kyekl)​\n\n> \"These tokens are not part of the total market capitalization of USD₮, as they have not been issued or released into circulation yet,” the company states on its website.\n\n## Integrations\n\nOn May 27, 2022, Tether Operations Limited announced the launch of Tether tokens(USD₮) on [Polygon](https://iq.wiki/wiki/polygon), a leading [blockchain](https://iq.wiki/wiki/blockchain) development platform. The addition of Tether to the [Polygon](https://iq.wiki/wiki/polygon) ecosystem offers a new stablecoin option for more than 8,000 teams building on [Polygon](https://iq.wiki/wiki/polygon).[\\[10\\]](#cite-id-9g7k3c9nrk)​\n\nOn June 9, 2022, Tether Operations Limited announced the launch of Tether tokens(USD₮) on [Tezos](https://iq.wiki/wiki/tezos), a pioneering upgradable [Proof-of-Stake](https://iq.wiki/wiki/proof-of-stake) blockchain. The addition of USD₮ to [Tezos](https://iq.wiki/wiki/tezos) demonstrates its growing momentum as a thriving [Proof-of-Stake](https://iq.wiki/wiki/proof-of-stake) blockchain of choice for brands and projects looking to build the [Web3](https://iq.wiki/wiki/web3) revolution.[\\[11\\]](#cite-id-skaajcvmcco)​\n\nOn September 12, 2022, Tether launched Tether tokens pegged to the U.S. dollar on the [NEAR Network](https://iq.wiki/wiki/near-protocol), a [smart contract](https://iq.wiki/wiki/smart-contract) blockchain designed to provide the ideal environment for [DApps](https://iq.wiki/wiki/decentralized-application) which is enabled by its unique scaling solution. [\\[12\\]](#cite-id-goxj396b95u)​\n\nOn September 23, 2022, Tether announced the launch of Tether tokens(USD₮) on [Polkadot](https://iq.wiki/wiki/polkadot), a decentralized, open-source blockchain platform. The addition of Tether to the [Polkadot](https://iq.wiki/wiki/polkadot) ecosystem is to increase its presence in decentralized ecosystems.[\\[13\\]](#cite-id-c7fdgym6nkq)​\n\nOn October 20, 2022, Tether Operations Limited announced SmartPay's launch plans of tether tokens (USD₮) in over 24,000 ATMs [across](https://iq.wiki/wiki/across) Brazil.[\\[14\\]](#cite-id-xei4v3pmeci)​\n\nOn December 26, 2022, Tether Operations Limited announced the addition of its offshore Chinese Yuan (CNH₮) to the [Tron](https://iq.wiki/wiki/trontrade-1) blockchain. At launch, [Bitfinex](https://iq.wiki/wiki/bitfinex) was the first exchange to enable its users to deposit and withdraw CNH₮ using the [Tron](https://iq.wiki/wiki/trontrade-1) blockchain transport layer from the platform. [\\[19\\]](#cite-id-x6piopbxax)​\n\nOn January 9, 2023, Tether announced that Tether Gold (XAU₮) was listed on ICRYPEX[\\[20\\]](#cite-id-qao45rtfsj9), one of Turkey’s leading cryptocurrency trading platforms. With this listing, ICRYPEX users can buy and sell XAU₮, a crypto asset that represents ownership of physical gold held in a vault in Switzerland. [\\[21\\]](#cite-id-kewjpmtxza8)​\n\n## Tether Launches Alloy\n\nOn June 17, 2024, Tether introduced a gold-backed stablecoin pegged to the U.S. dollar. It is the first tethered asset, the issuer declared. The new coin is called [Alloy (aUSDT)](https://iq.wiki/wiki/alloy) and is mintable on the new Alloy by Tether platform. [\\[35\\]](#cite-id-zdswie9tgv) [\\[36\\]](#cite-id-cz3py24k4r4)​\n\nAccording to the company, [Alloy](https://iq.wiki/wiki/alloy) will be overcollateralized by [Tether Gold](https://iq.wiki/wiki/tether-gold-xaut) (XAUt) — a token that provides ownership of physical gold — but pegged to the U.S. dollar. By definition, the new token is a synthetic dollar, which is designed to mimic the value and functionality of the U.S. dollar without being directly backed by it.\n\n> \"Alloy by Tether is an open platform that allows to create collateralized synthetic digital assets and will soon be part of the new Tether digital assets tokenization platform, launching later this year, \\[Paolo Ardoino] - (<https://iq.wiki/wiki/paolo-ardoino>), CEO of Tether,\" said in an X post.\n\nThe organization also mentioned that other tethered assets, including yield-bearing products, could be created on the platform. The synthetic dollar can be minted by depositing XUSDT through a [smart contract](https://iq.wiki/wiki/smart-contract) and price oracles.\n\nThus, users can make transactions with aUSDT while retaining their gold-backed Tether asset. The aUSDT token is targeted for users who want to use crypto for payments and remittances without selling their gold-backed tokens, the press release explained. [\\[37\\]](#cite-id-g2f5klgb99q)​\n\naUSDT was developed by Tether subsidiaries Moon Gold and Moon Gold El Salvador. Alloy by Tether became part of a real-world asset tokenization platform launched in 2024, said Tether CEO [Paolo Ardoino](https://iq.wiki/wiki/paolo-ardoino). [\\[35\\]](#cite-id-zdswie9tgv) [\\[37\\]](#cite-id-g2f5klgb99q)​\n\n## Partnerships\n\n### Pear Credit\n\nOn October 28, 2022, Pear Credit — a [peer-to-peer](https://iq.wiki/wiki/peer-to-peer-trading-p2p) credit system that allows issuers to create peer-to-peer credit “tokens” was announced. Pear Credit was founded by Tether, Holepunch[\\[24\\]](#cite-id-5wz1oxujeob), and Synonym. It is a peer-to-peer protocol that gives credit issuers a faster, cheaper, and more scalable token format, without relying on [blockchains](https://iq.wiki/wiki/blockchain) or any global shared-state networks. [\\[18\\]](#cite-id-pt2xbekxe4e)​\n\n> “We think Pear Credit represents an easy-to-use, scalable module and flexible solution for all the companies in the world that issue credit; gift cards, rewards tokens, travel miles and stablecoins are all possible.,” said \\[Paolo Ardoino] - (<https://iq.wiki/wiki/paolo-ardoino>), former CTO of Tether.\n\n### Tether x INHOPE\n\nOn January 26, 2023, Tether Operations Limited announced that they collaborated with INHOPE[\\[22\\]](#cite-id-8dpmippfk7f), the leading global network combatting online Child Sexual Abuse Material (CSAM).\n\nTether worked with INHOPE[\\[22\\]](#cite-id-8dpmippfk7f) to share information, facilitate conversations between stakeholders, and take action to drive bad actors out of the [crypto](https://iq.wiki/wiki/cryptocurrency) ecosystem. Tether is the first cryptocurrency to take a stand with INHOPE[\\[22\\]](#cite-id-8dpmippfk7f) against CSAM. [\\[23\\]](#cite-id-wbbgbjpd83s)​\n\n> “Working alongside law enforcement, financial intelligence units, lawmakers and standard-setting bodies worldwide, Tether is committed to being a positive force in the crypto space by highlighting the risks of child exploitation and to help organise sensible risk mitigating controls in the cryptocurrency industry. We are especially interested in improving the ability of cryptocurrency businesses to identify transfers related to online CSAM marketplaces and report them to the authorities.” - said \\[Paolo Ardoino] - (<https://iq.wiki/wiki/paolo-ardoino>), former CTO at Tether.\n\n### Tether x Bitkub Exchange x Bitkub Academy\n\nOn December 7, 2023, Tether announced a collaboration with Thailand's crypto exchange, Bitkub Online Co., Ltd. (Bitkub Exchange). The strategic collaboration is aimed at launching a comprehensive educational program targeting the enhancement of [blockchain](https://iq.wiki/wiki/blockchain) literacy and fostering awareness regarding [stablecoins](https://iq.wiki/wiki/stablecoin), within Thailand.\n\nTogether, the companies will craft educational courses, conduct awareness campaigns, introduce incentive-based learning programs, and host regular live Q\\&A sessions, aiming to empower Thai speakers with insights into the digital financial landscape. [\\[31\\]](#cite-id-k75hutnfu7)​\n\n> \"We are excited about working with Bitkub to drive forward the cause of promoting blockchain literacy. With the stablecoin market rapidly expanding in Southeast Asia, it becomes imperative for communities to comprehend the technology and its diverse applications. - ), CEO of Tether, commented\n\n### Tether x Chainalysis\n\nOn May 7, 2025, Tether announced a partnership with [Chainalysis](https://iq.wiki/wiki/chainalysis) - a blockchain data platform, that will integrate the company’s compliance and monitoring tools onto Tether’s tokenization platform.\n\nThe move comes amid expanding oversight across the crypto industry.\n\n> “By integrating \\[[Chainalysis](https://iq.wiki/wiki/chainalysis)] - (<https://iq.wiki/wiki/chainalysis>) directly into the platform, we’re offering institutional-grade transparency, compliance, and risk mitigation without compromising on decentralization or control,” Tether CEO \\[Paolo Ardoino] - (<https://iq.wiki/wiki/paolo-ardoino>) said in a statement.\n> According to the announcement, Hadron by Tether users will now have risk detection, real-time transaction monitoring, and Know-Your-Transaction (KYT) support. Terms of the deal were not disclosed. [\\[43\\]](#cite-id-GADJ9YAeYX)\n\n### Tether x Vietnam Blockchain\n\nOn July 9, 2024, Tether announced a strategic collaboration with the Vietnam [Blockchain](https://iq.wiki/wiki/blockchain) Association (VBA) to drive [blockchain](https://iq.wiki/wiki/blockchain) and digital assets education. This collaboration aims to educate public stakeholders on [blockchain](https://iq.wiki/wiki/blockchain) technologies through a series of conferences and workshops, fostering knowledge-sharing and capacity-building within the industry. [\\[38\\]](#cite-id-erzharo43t4)​\n\n> “As a leading voice in \\[\\[blockchain] - (<https://iq.wiki/wiki/blockchain>)] - (<https://iq.wiki/wiki/blockchain>) adoption, the Vietnam \\[\\[[Blockchain](https://iq.wiki/wiki/blockchain)] - (<https://iq.wiki/wiki/blockchain>)] - (<https://iq.wiki/wiki/blockchain>) Association’s work aligns well with our mission to promote education in \\[\\[blockchain] - (<https://iq.wiki/wiki/blockchain>)] - (<https://iq.wiki/wiki/blockchain>). We are excited to collaborate with VBA to educate about \\[\\[blockchain] - (<https://iq.wiki/wiki/blockchain>)] - (<https://iq.wiki/wiki/blockchain>) technologies as practical solutions to the unique challenges faced by Vietnamese communities,” said \\[Paolo Ardoino] - (<https://iq.wiki/wiki/paolo-ardoino>), CEO of Tether.\n\n### Tether x Bitnob\n\nOn May 9, 2024, Tether and Bitnob, a fintech company that enables payments into mobile money wallets and bank accounts, announced a strategic collaboration aimed at promoting financial education on [Bitcoin](https://iq.wiki/wiki/bitcoin) and [Stablecoins](https://iq.wiki/wiki/stablecoin) in Africa.\n\nThe collaboration featured a series of educational events hosted by Bitnob at various universities across Ghana. These events provided students with a comprehensive understanding of [Bitcoin](https://iq.wiki/wiki/bitcoin) and Stablecoins and their potential applications. The first event was at the University of Health and Allied Sciences in Hohoe on May 11th, 2024. [\\[39\\]](#cite-id-acet1vnmekv)​\n\n### Tether x National Taipei University of Technology (NTUT)\n\nOn June 19, 2024, Tether partnered with the National Taipei University of Technology (NTUT), also known as Taipei Tech to enhance blockchain and digital asset education in the region.\n\nThis initiative aims to equip students with comprehensive knowledge and practical skills in cutting-edge technology, fostering a well-rounded understanding of blockchain technology, digital assets, [Bitcoin](https://iq.wiki/wiki/bitcoin), and stablecoins.[\\[40\\]](#cite-id-8ye0wydn6xc)​\n\n> “Tether’s education initiative aligns seamlessly with the visions of these universities to empower their students with the knowledge and technical skills to boost the adoption of digital assets in Taiwan,” said \\[Paolo Ardoino] - (<https://iq.wiki/wiki/paolo-ardoino>), CEO of Tether.\n\n> “By focusing on comprehensive knowledge, Tether aims to work hand-in-hand with these prestigious universities to empower the next generation of blockchain professionals in the region.”\n\n## Regulation\n\nIn April 2019, the New York Attorney General’s office alleged [Bitfinex](https://iq.wiki/wiki/bitfinex), who shares the same parent company as Tether of using Tether's reserves to cover up for its $850 million in losses connected to the controversial third-party payment processor known as Crypto Capital.\n\nStuart Hoegner, general counsel for [Bitfinex](https://iq.wiki/wiki/bitfinex) and Tether, filed an affidavit some days later after the NYAG's lawsuit stating that Tether was only backed by 74% cash and equivalents and the other portion was equity in iFinex.[\\[15\\]](#cite-id-7a24hb28i7)​\n\nIn May 2019, [Bitfinex](https://iq.wiki/wiki/bitfinex) and former Tether CTO, [Paolo Ardoino](https://iq.wiki/wiki/paolo-ardoino) announced [Bitfinex](https://iq.wiki/wiki/bitfinex) had successfully raised 850 million in potentially lost funds from Crypto Capital.[\\[15\\]](#cite-id-7a24hb28i7)​\n\n$$widget0 [YOUTUBE@VID](TREcsZgoE-Q)$$\n\n## Controversy/Litigation\n\nOn September 19, 2022, due to an ongoing lawsuit in New York District Court, [Bitfinex](https://iq.wiki/wiki/bitfinex) and Tether (referred to in court records as B/T), were ordered to produce documents showing the backing of USDT, the outcome of which is still pending. [\\[26\\]](#cite-id-x86m9auufz)​\n\nIn October 2023, the *Wall Street Journal* reported that Tether has been increasingly showing up in investigations tied to money laundering, terror financing, and sanctions evasion.\n\nThe report alleges that Tether appears to have been used in financing Hamas, paying Chinese fentanyl suppliers, funding the North Korean nuclear program, and buying sanctioned Venezuelan oil for sanctioned Russian oligarchs.\n\nIn response, the company published a blog post denying inadequate customer due diligence and screening practices and describing how they have aided governments with criminal investigations, helping freeze a total of $835 million in assets linked to the theft. [\\[29\\]](#cite-id-bzcj1xh2i2)​\n\nOn November 20, 2023, Tether reported that together with [OKX](https://iq.wiki/wiki/okx) it had frozen $225 million worth of its cryptocurrency which had been linked to a human trafficking group in Southeast Asia responsible for a global pig butchering scam. Tether claimed the freeze had been done at the request of the US Secret Service, and that it was its largest-ever freeze of its token. [\\[27\\]](#cite-id-f30synxnws) [\\[28\\]](#cite-id-ov7vmoj446n)​\n\n### Legal status\n\nAccording to the platform's documentation, Tether is not a legal tender currency or a financial instrument. The ownership of Tether has no contractual rights, other legal claims, or guarantees against losses.\n\nTether Limited is not a bank and is not required to, and does not, hold its reserves at the Federal [Reserve](https://iq.wiki/wiki/reserve). Tether tokens are not legal tender currency and are not covered by deposit insurance.[\\[16\\]](#cite-id-ervje8flkwn)​\n\n## Tether Governance\n\nTether Limited is the sole entity capable of altering the circulating supply of USDT tokens. When users deposit fiat money into accounts run by Tether Limited, Tether issues tokens, and when users exchange tokens for deposits of fiat money in Tether banks, Tether destroys tokens. [\\[7\\]](#cite-id-2ivgh6c0efe)​\n\nTether uses a proof-of-reserves approach to demonstrate that reserves are present and the system is financially sound. The system is fully collateralized when the quantity of USDT in circulation equals the amount of money held in accounts managed by Tether Limited. To ensure openness and demonstrate its financial stability, Tether Limited has guaranteed to provide audits of its bank balances on its website.[\\[7\\]](#cite-id-2ivgh6c0efe)​\n\nOther Tether-issued stablecoins are:\n\n* [Tether gold (XAUt)](https://iq.wiki/wiki/tether-gold-xaut): pegged to gold’s price\n* [Tether euro (EURT)](https://iq.wiki/wiki/euro-tether-eurt): pegged to the common currency of the European Union\n* Tether peso (MXNT): pegged to the Mexican peso\n* Tether yuan (CNHT): pegged to the offshore Chinese yuan\n\n### Tether Gold (XAUT) and the Scudo Unit\n\nOn January 6, 2026, Tether introduced a new unit of account for its gold-backed stablecoin, [Tether Gold](https://iq.wiki/wiki/tether-gold-xaut) (XAUT), called \"Scudo.\" The move was intended to improve the usability of the token for smaller transactions. A Scudo is defined as one-thousandth (1/1000th) of a fine troy ounce of gold, or 0.001 XAUT. [\\[47\\]](#cite-id-mrDMabFkLSo52mrk)​\n\nThe introduction of Scudo was motivated by the rising price of gold, which had reportedly surpassed $4,550 in 2025, making fractional transactions with long decimal places cumbersome. By introducing a smaller subunit, Tether aims to make XAUT more practical for micro-transactions, drawing an analogy to the relationship between [Bitcoin](https://iq.wiki/wiki/bitcoin) and its satoshi subunit. The update was implemented on Tether's backend and does not affect the underlying structure of XAUT tokens or existing balances, with transactions in Scudo being automatically converted to their gold weight equivalents. [\\[47\\]](#cite-id-mrDMabFkLSo52mrk)​\n\nAccording to the announcement, XAUT was the most-used gold-backed token by market capitalization at the time, representing about half of the total $4.3 billion market for all tokenized gold assets. [\\[47\\]](#cite-id-mrDMabFkLSo52mrk)​\n\n## Tether Limited Team\n\n* [Paolo Ardoino](https://iq.wiki/wiki/paolo-ardoino) - Chief Executive Officer[\\[17\\]](#cite-id-ouzsld3brag)\n* Giancarlo Devasini - Chairman\n* Simon McWilliams - Chief Financial Officer\n* Claudia Lagorio - Chief Operating Officer\n\n## Developments\n\n### Tether Buys $750M Worth of Bitcoin\n\nIn March 2025, Tether purchased 8,888 BTC bringing its total holdings to a value of more than $7.8 billion. The USDT issuer joins the likes of Michael Saylor’s [Strategy](https://iq.wiki/wiki/strategy) and Metaplanet as companies that have adopted a BTC acquisition [strategy](https://iq.wiki/wiki/strategy) in recent years. [\\[41\\]](#cite-id-9VRJ4f79fI)​\n\n### Tether Teases AI\n\nOn May 5, 2025, CEO [Paolo Ardoino](https://iq.wiki/wiki/paolo-ardoino) shared the development in the latest X post.\n\n*“Tether.ai coming soon,” - he shared.* [\\[42\\]](#cite-id-MWq7AObV8M)​\n\nThe core of Tether.ai is Personal Infinite Intelligence. It is a modular and composable AI runtime. According to the announcement, the platform will enable users to run AI models on any hardware or device. [\\[46\\]](#cite-id-g02emHFTWT)​\n\n![](https://ipfs.everipedia.org/ipfs/QmX8tPPFiWJh1SAae6V1fxqfBKaT5mKZmk1JEoJmV5uj3V)\n\nThis suggests it is not limited to specific platforms or architectures, making it highly versatile. [\\[46\\]](#cite-id-g02emHFTWT)​\n\nAlso, the system operates without the need for centralized authentication (like API keys) and has no single point of failure. This makes it more resilient and secure, as no central server or control point could be compromised.\n\nThe key feature of Tether.ai is its ability to support USDT and [Bitcoin](https://iq.wiki/wiki/bitcoin) (BTC) payments. This is facilitated by the integration of a development Kit called WDK.\n\nThis approach ensures that [decentralized applications](https://iq.wiki/wiki/decentralized-application) (dApps) can seamlessly handle cryptocurrency transactions, positioning Tether.ai at the intersection of AI and blockchain technology.\n\n“Tether AI tech will enable an unstoppable peer-to-peer network of [billions](https://iq.wiki/wiki/billions) of AI agents,” the announcement read. [\\[46\\]](#cite-id-g02emHFTWT) [\\[42\\]](#cite-id-MWq7AObV8M)​\n\n### Introduction of QVAC Platform\n\nIn May 2025, Tether announced the launch of its QuantumVerse Automatic Computer (QVAC), a development platform designed for scalable AI applications and agents, aiming to operate without reliance on centralized services or cloud infrastructure. [\\[44\\]](#cite-id-SSIsikDkVM)​\n\nDesigned for a new era of personal sovereignty, QVAC enables AI models to fully run on users’ devices, eliminating the need for cloud connectivity and ensuring greater privacy, autonomy, and resilience.\n\nIts modular architecture allows developers to build and extend applications using small, composable components, while peer-to-peer networking facilitates direct device-to-device communication and collaboration without reliance on centralized servers.\n\n> “Artificial intelligence should empower the next wave of growth for society and humanity, not delegate even more control to corporations that own servers and access keys,” said CEO \\[Paolo Ardoino] - (\\[<https://iq.wiki/wiki/paolo-ardoino>] - (<https://iq.wiki/wiki/paolo-ardoino>)).\n\n> “If you need an API key to use your AI, it isn’t truly yours. QVAC is built to change this dynamic, making AI local-first, private, and independent, putting users back in charge of their data, their computation, and their autonomy. With QVAC, Tether aims to create the first open and ubiquitous platform powering an unstoppable AI agent ecosystem at the service of humans and machines alike. The Era of Infinite Intelligence has just begun.”\n\n### Tether's Strategic Investment in Anchorage Digital\n\nOn February 5, 2026, Tether's investment division, Tether Investments, announced a $100 million strategic equity investment into [Anchorage Digital](https://iq.wiki/wiki/anchorage-digital), a digital asset platform and the first federally regulated digital asset bank in the United States. This investment builds upon an existing partnership, as [Anchorage Digital](https://iq.wiki/wiki/anchorage-digital) Bank is the issuer of USA₮, a Tether stablecoin. [\\[48\\]](#cite-id-WrFuB5iiiltWKkID)​\n\nThe investment signifies a shared goal to develop secure and regulated infrastructure for integrating digital assets into traditional financial systems. Tether cited its positive experience with [Anchorage Digital](https://iq.wiki/wiki/anchorage-digital)'s banking, compliance, and custody services as a key reason for the investment. Both companies stated their focus is on strengthening the core infrastructure for digital assets to operate safely, scalably, and within established regulatory frameworks. [\\[48\\]](#cite-id-WrFuB5iiiltWKkID)​\n\n> \"Our investment in Anchorage Digital reflects a shared belief in the importance of secure, transparent, and resilient financial systems. Anchorage Digital has set a strong benchmark for institutional digital asset infrastructure, and we are pleased to support its continued growth,\" stated Paolo Ardoino, CEO of Tether.\n\n​[Nathan McCauley](https://iq.wiki/wiki/nathan-mccauley), Co-Founder and CEO of [Anchorage Digital](https://iq.wiki/wiki/anchorage-digital), commented that \"Tether’s investment is a strong validation of the infrastructure we’ve spent years building the hard way. We’ve believed from day one that digital assets would only scale through secure, regulated foundations.\" [\\[48\\]](#cite-id-WrFuB5iiiltWKkID)​","summary":"Tether (USDT) is a stablecoin cryptocurrency pegged 1:1 to the US Dollar, facilitating stable transactions and arbitrage in the crypto market.","images":[{"id":"Qmeypk37qDdJZjLWoAUXtJ4f8eWyHtMx2q8MUkAM5vSWSA","type":"image/jpeg, image/png"}],"categories":[{"id":"cryptocurrencies","title":"Cryptocurrencies"}],"tags":[{"id":"Founders"},{"id":"Stablecoins"},{"id":"Glossary"}],"media":[{"id":"https://www.youtube.com/watch?v=Kt0HlIP06d8","size":"0","name":"Kt0HlIP06d8","type":null,"source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=nlUXeSzWBH0","size":"0","name":"nlUXeSzWBH0","type":null,"source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=GsSSLDzKCOE","size":"0","name":"GsSSLDzKCOE","type":null,"source":"YOUTUBE"},{"id":"QmeEssKoWr9AdJGuh3hkV9aMFvKauKKZRpM4t34e3wDkZ8","size":"0.63","name":"maxresdefault.png","type":null,"source":"IPFS_IMG"},{"id":"https://www.youtube.com/watch?v=d2fmLSu8sjQ","size":"0","name":"d2fmLSu8sjQ","type":null,"source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=TREcsZgoE-Q","size":"0","name":"TREcsZgoE-Q","type":null,"source":"YOUTUBE"},{"id":"QmX8tPPFiWJh1SAae6V1fxqfBKaT5mKZmk1JEoJmV5uj3V","size":null,"name":"Paolo Ardoino Announcement.jpeg","type":null,"source":"IPFS_IMG"}],"metadata":[{"id":"website","value":"https://tether.to/"},{"id":"contract_url","value":"https://etherscan.io/token/0xdac17f958d2ee523a2206206994597c13d831ec7"},{"id":"facebook_profile","value":"https://www.facebook.com/tether.to/"},{"id":"twitter_profile","value":"https://twitter.com/Tether_to/"},{"id":"telegram_profile","value":"https://t.me/OfficialTether"},{"id":"coinmarketcap_url","value":"https://coinmarketcap.com/currencies/tether/"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/tether"},{"id":"references","value":"[{\"id\":\"lwqk5620rqp\",\"url\":\"https://tether.to/en/\",\"description\":\"Tether website\",\"timestamp\":1667394945619},{\"id\":\"b0ibwt203ek\",\"url\":\"https://www.investopedia.com/terms/t/tether-usdt.asp\",\"description\":\"Tether (USDT): Meaning and Uses for Tether\",\"timestamp\":1667394975070},{\"id\":\"kepuzk9pwmp\",\"url\":\"https://www.coingecko.com/en/coins/tether\",\"description\":\"Tether on Coingecko\",\"timestamp\":1667395010799},{\"id\":\"c7lv2gnedk\",\"url\":\"https://www.abra.com/cryptocurrency/tether/\",\"description\":\"How does Tether work?\",\"timestamp\":1667397385426},{\"id\":\"0pjv955uiyq\",\"url\":\"https://www.coindesk.com/markets/2014/11/20/realcoin-rebrands-as-tether-to-avoid-altcoin-association/\",\"description\":\" \",\"timestamp\":1667401973681},{\"id\":\"qvcbywcuadg\",\"url\":\"https://cointelegraph.com/news/controversial-stablecoin-tether-confirms-new-banking-partner-deltec-after-weeks-of-rumors\",\"description\":\"Stablecoin Tether Confirms New Banking Partner Deltec\",\"timestamp\":1667410047635},{\"id\":\"2ivgh6c0efe\",\"url\":\"https://messari.io/asset/tether/profile\",\"description\":\"Tether overview | messari\",\"timestamp\":1667410210809},{\"id\":\"pwrqgbgudm8\",\"url\":\"https://cryptopotato.com/tether-launches-mexican-peso-backed-stablecoin-on-ethereum-tron-polygon/\",\"description\":\"Tether Launches Mexican Peso-Backed Stablecoin\",\"timestamp\":1667410408548},{\"id\":\"kkb4wmxn87\",\"url\":\"https://www.cnbc.com/2022/05/12/tether-usdt-stablecoin-drops-below-1-peg.html\",\"description\":\"The world’s biggest stablecoin has dropped below its $1 peg\",\"timestamp\":1667410851370},{\"id\":\"9g7k3c9nrk\",\"url\":\"https://tether.to/en/tether-token-usdt-launches-on-polygon\",\"description\":\"Tether Token (USD₮) Launches on Polygon\",\"timestamp\":1667411035561},{\"id\":\"skaajcvmcco\",\"url\":\"https://tether.to/en/tether-tokens-usdt-to-launch-on-tezos\",\"description\":\"Tether Tokens (USD₮) to Launch on Tezos\",\"timestamp\":1667411278168},{\"id\":\"goxj396b95u\",\"url\":\"https://tether.to/en/tether-usdt-launches-on-near-network\",\"description\":\"Tether (USD₮) Launches on Near Network\",\"timestamp\":1667411419747},{\"id\":\"c7fdgym6nkq\",\"url\":\"https://tether.to/en/tether-tokens-usdt-live-on-polkadot\",\"description\":\"Tether Tokens (USD₮) Live on Polkadot\",\"timestamp\":1667411652224},{\"id\":\"xei4v3pmeci\",\"url\":\"https://tether.to/en/tether-usdt-available-in-over-24000-atms-across-brazil-on-3-november\",\"description\":\"Tether USD₮ Available in Over 24,000 ATMs Across Brazil\",\"timestamp\":1667411790604},{\"id\":\"7a24hb28i7\",\"url\":\"https://www.coindesk.com/markets/2019/04/25/bitfinex-covered-850-million-loss-using-tether-funds-ny-prosecutors-allege/\",\"description\":\"Bitfinex Covered $850 Million Loss Using Tether Funds...\",\"timestamp\":1667413321872},{\"id\":\"ervje8flkwn\",\"url\":\"https://tether.to/en/legal/\",\"description\":\"Legal\",\"timestamp\":1667414315705},{\"id\":\"ouzsld3brag\",\"url\":\"https://www.linkedin.com/in/jl-van-der-velde-355218228/?originalSubdomain=hk\",\"description\":\" \",\"timestamp\":1667414546700},{\"id\":\"pt2xbekxe4e\",\"url\":\"https://tether.to/en/tether-holepunch-and-synonym-launch-pear-credit-a-p2p-credit-system\",\"description\":\"pear credit\",\"timestamp\":1675339236777},{\"id\":\"x6piopbxax\",\"url\":\"https://tether.to/en/tether-launches-offshore-chinese-yuan-cnht-on-tron\",\"description\":\"chinese yuan on tron\",\"timestamp\":1675341867605},{\"id\":\"qao45rtfsj9\",\"url\":\"https://www.icrypex.com/\",\"description\":\"icrypex\",\"timestamp\":1675342282118},{\"id\":\"kewjpmtxza8\",\"url\":\"https://tether.to/en/tether-gold-xaut-goes-live-on-icrypex\",\"description\":\"tether on icrypt\",\"timestamp\":1675342702023},{\"id\":\"8dpmippfk7f\",\"url\":\"https://www.inhope.org/EN\",\"description\":\"inhope\",\"timestamp\":1675343106282},{\"id\":\"wbbgbjpd83s\",\"url\":\"https://tether.to/en/tether-inhope-collaborate-to-combat-csam-in-web3\",\"description\":\"tether x inhope\",\"timestamp\":1675343299782},{\"id\":\"5wz1oxujeob\",\"url\":\"https://holepunch.to/\",\"description\":\"holepunch\",\"timestamp\":1675343602382},{\"id\":\"qitw86osk9\",\"url\":\"https://www.cnbc.com/2023/10/13/tether-promotes-cto-to-ceo-taking-over-from-mysterious-crypto-boss.html\",\"description\":\"Ardoino's CEO promotion.\",\"timestamp\":1701862203146},{\"id\":\"x86m9auufz\",\"url\":\"https://www.courtlistener.com/docket/16298999/247/in-re-tether-and-bitfinex-crypto-asset-litigation/\",\"description\":\"Tether and Bitfinex Crypto Asset Litigation,\",\"timestamp\":1701862692772},{\"id\":\"f30synxnws\",\"url\":\"https://www.reuters.com/technology/crypto-firm-tether-says-it-has-frozen-225-mln-linked-human-trafficking-2023-11-20/\",\"description\":\"Tether freezes funds linked to human trafficking. \",\"timestamp\":1701862856488},{\"id\":\"ov7vmoj446n\",\"url\":\"https://www.forbes.com/sites/tylerroush/2023/11/21/feds-seize-nearly-9-million-in-cryptocurrency-linked-to-romance-scams-amid-human-trafficking-investigation/?sh=3cad243fa21d\",\"description\":\"Pig Butchering scam\",\"timestamp\":1701862899108},{\"id\":\"bzcj1xh2i2\",\"url\":\"https://www.wsj.com/finance/currencies/most-popular-cryptocurrency-keeps-showing-up-in-illicit-finance-71d32e5e\",\"description\":\"Tether Hamas Controversy\",\"timestamp\":1701862983191},{\"id\":\"5g4mje2ssm4\",\"url\":\"https://tether.to/en/tether-appoints-paolo-ardoino-as-ceo/\",\"description\":\"tether appoints paolo ardoino as ceo\",\"timestamp\":1702467892578},{\"id\":\"k75hutnfu7\",\"url\":\"https://tether.to/en/tether-bitkub-exchange-and-bitkub-academy-collaborate-to-boost-stablecoin-education-in-thailand/\",\"description\":\"tether x bitkub exchange x bitkun academy\",\"timestamp\":1702468969992},{\"id\":\"3o57k0kyekl\",\"url\":\"https://cryptonews.com/news/tether-mints-1-billion-usdt-for-inventory-replenish-on-ethereum-network.htm\",\"description\":\"Tether Mints $1 Billion USDT for “Inventory Replenish” on Ethereum Network\",\"timestamp\":1704806827008},{\"id\":\"e20t56ev6vd\",\"url\":\"https://cointelegraph.com/news/tether-1-billion-usdt-inventory-replenish\",\"description\":\"cointelegraph - tether mints 1b$\",\"timestamp\":1704807131026},{\"id\":\"u28rs2y4jc\",\"url\":\"https://blockchainreporter.net/end-of-an-era-tether-stops-usdt-issuance-on-eos-and-algorand-what-you-need-to-know/\",\"description\":\"Tether Stops USDT Issuance on EOS and Algorand\",\"timestamp\":1719304123572},{\"id\":\"zdswie9tgv\",\"url\":\"https://cointelegraph.com/news/tether-launches-gold-backed-stablecoin-dollar-alloy\",\"description\":\"Tether launches gold-backed, US dollar stablecoin Alloy\",\"timestamp\":1719570358448},{\"id\":\"cz3py24k4r4\",\"url\":\"https://alloy.tether.to/en/\",\"description\":\"About Alloy\",\"timestamp\":1719570469398},{\"id\":\"g2f5klgb99q\",\"url\":\"https://www.coindesk.com/business/2024/06/17/tether-debuts-new-synthetic-dollar-backed-by-tokenized-gold-in-tokenization-push/\",\"description\":\"Tether Debuts New 'Synthetic' Dollar Backed by Tokenized Gold in Tokenization Push\",\"timestamp\":1719570859601},{\"id\":\"erzharo43t4\",\"url\":\"https://tether.io/news/tether-and-vietnam-blockchain-association-team-up-to-drive-blockchain-and-ai-education-in-vietnam/\",\"description\":\"Tether and Vietnam Blockchain\",\"timestamp\":1721127113481},{\"id\":\"acet1vnmekv\",\"url\":\"https://tether.io/news/tether-and-bitnob-collaborate-to-educate-ghanaian-university-students-on-bitcoin-and-stablecoins/\",\"description\":\"Tether and Bitnob\",\"timestamp\":1721127343465},{\"id\":\"8ye0wydn6xc\",\"url\":\"https://tether.io/news/tether-launches-initiative-to-boost-blockchain-and-digital-asset-education-in-taiwan/\",\"description\":\"Tether and National Taipei University of Technology (NTUT)\",\"timestamp\":1721127571051},{\"url\":\"https://watcher.guru/news/tether-buys-750m-worth-of-bitcoin-in-q1-2025\",\"description\":\"Tether Buys $750M Worth of Bitcoin\",\"id\":\"9VRJ4f79fI\",\"timestamp\":1743524259705},{\"url\":\"https://x.com/paoloardoino/status/1919281470159331579\",\"description\":\"Paolo on tether.ai\",\"id\":\"MWq7AObV8M\",\"timestamp\":1746460091413},{\"url\":\"https://cointelegraph.com/news/tether-adds-chainalysis-tokenization-platform-compliance-monitoring\",\"description\":\"Tether adds Chainalysis tokenization platform for compliance, monitoring\\n\",\"id\":\"GADJ9YAeYX\",\"timestamp\":1746633838831},{\"url\":\"https://tether.io/news/tether-announces-qvac-its-upcoming-development-platform-for-infinite-and-ubiquitous-intelligence-deploying-and-evolving-ai-agents-on-user-devices-not-big-tech-data-centers/\",\"description\":\"Tether Announces QVAC\",\"id\":\"SSIsikDkVM\",\"timestamp\":1747839330193},{\"id\":\"sbMxEfIa44\",\"url\":\"https://www.simplilearn.com/tutorials/blockchain-tutorial/what-is-tether-coin#what\\\\_is\\\\_tether\",\"description\":\"What is Tether? Ultimate Guide to Tether Cryptocurrency\",\"timestamp\":1753715074512},{\"id\":\"g02emHFTWT\",\"url\":\"https://beincrypto.com/tether-ai-expansion-blockchain/#:~:text=Tether%20is%20lauchning%20Tether.ai,cryptocurrency%20transactions%20in%20decentralized%20apps.\",\"description\":\"Paolo Ardoino Teases Tether.ai, Promising Peer‑to‑Peer AI for Billions of Devices\",\"timestamp\":1753715074512},{\"id\":\"mrDMabFkLSo52mrk\",\"url\":\"https://coincentral.com/tether-introduces-satoshi-style-scudo-unit-for-gold-token-xaut/\",\"description\":\"Tether Introduces Satoshi-Style 'Scudo' Unit for Gold Token XAUT\",\"timestamp\":1767787595427},{\"id\":\"WrFuB5iiiltWKkID\",\"url\":\"https://tether.io/news/tether-announces-100-million-strategic-equity-investment-in-anchorage-digital/\",\"description\":\"Tether Announces $100 Million Strategic Equity Investment in Anchorage Digital\",\"timestamp\":1770727360529}]"},{"id":"previous_cid","value":"\"https://ipfs.everipedia.org/ipfs/QmX1HsNoxmkvcahZmz2NpfpeCJ7aoZR4PjD9Z5iuG4H2zY\""},{"id":"commit-message","value":"\"Removed introduction and overview sections\""},{"id":"previous_cid","value":"QmX1HsNoxmkvcahZmz2NpfpeCJ7aoZR4PjD9Z5iuG4H2zY"}],"events":[{"id":"1f4bc4d2-d0c1-485c-8590-1d95083a9735","date":"2014-07-01","title":"Date Founded","type":"CREATED","description":"date founded","link":"https://tether.to/","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"4d2b289b-4801-4e58-ad26-a1ddace12962","date":"2019-05-01","title":"$1 Billion Token Sale","type":"DEFAULT","description":"In May 2019, Bitfinex and former Tether CTO, Paolo Ardoino announced Bitfinex had successfully raised $1 billion in a token sale","link":"https://www.coindesk.com/markets/2019/04/25/bitfinex-covered-850-million-loss-using-tether-funds-ny-prosecutors-allege/","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"acbcd19b-98c9-496c-9d4e-dc442aec345f","date":"2022-05-01","title":"MXNT Launch","type":"DEFAULT","description":"In May 2022, Tether announced the launch of MXNT, a new stablecoin backed by the Mexican peso","link":"https://cryptopotato.com/tether-launches-mexican-peso-backed-stablecoin-on-ethereum-tron-polygon/","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"ca534c54-3b90-4339-bfdd-1fca007da29a","date":"2022-10-01","title":"Pear Credit","type":"DEFAULT","description":"On October 28, 2022, Pear Credit — a peer-to-peer credit system that allows issuers to create peer-to-peer credit “tokens” was announced","link":"https://tether.to/en/tether-holepunch-and-synonym-launch-pear-credit-a-p2p-credit-system","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"1fbbfa8e-f4c2-4bb4-983b-c756a81c96f1","date":"2023-01-01","title":"Tether x INHOPE","type":"DEFAULT","description":"On January 26, 2023, Tether Operations Limited announced that they will collaborate with INHOPE[32], the leading global network combatting online Child Sexual Abuse Material (CSAM).","link":"https://tether.to/en/tether-inhope-collaborate-to-combat-csam-in-web3","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"61e3b5a0-9eb9-476a-b2d9-65b33c773e2a","date":"2023-10-01","title":"Tether Appoints Paolo Ardoino as CEO","type":"DEFAULT","description":"In October 2023, Paolo Ardoino, former chief technology officer for Tether, was promoted to the position of CEO for the company","link":"https://tether.to/en/tether-appoints-paolo-ardoino-as-ceo/","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"3c52aad9-aaf2-4043-b8cc-7a19a7296142","date":"2023-12-01","title":"Tether x Bitkub Exchange x Bitkub Academy","type":"DEFAULT","description":"On December 7, 2023,  Tether announced a collaboration with Thailand's crypto exchange, Bitkub Online Co., Ltd. (Bitkub Exchange). ","link":"https://tether.to/en/tether-bitkub-exchange-and-bitkub-academy-collaborate-to-boost-stablecoin-education-in-thailand/","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"b724403c-7241-4db5-88a3-7ffc6e6ee6a3","date":"2024-06-01","title":"Tether Launches Alloy","type":"DEFAULT","description":"On June 17, 2024, Tether launched its gold backed stablecoin pegged to the USD, called Alloy","link":"https://www.coindesk.com/business/2024/06/17/tether-debuts-new-synthetic-dollar-backed-by-tokenized-gold-in-tokenization-push/","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x7da121Af2c3Fc2e65eDCD3573a403C352B4538Aa"},"operator":{"id":"0x212Cb3F4aE6611054637f9f78F18fB628AD258bb"},"language":"en","version":1,"linkedWikis":{"blockchains":["polygon","ethereum","bitcoin","avalanche","solana","algorand"],"founders":["reeve-collins","brock-pierce","craig-sellars","paolo-ardoino"],"speakers":[]},"recentActivity":"{\"items\":[{\"id\":\"eb7a00e7-5e36-4882-ba49-25e632287df0\",\"title\":\"Tether (USDT)\",\"description\":\"Tether (USDT) is a stablecoin cryptocurrency pegged 1:1 to the US Dollar, facilitating stable transactions and arbitrage in the crypto market.\",\"timestamp\":\"2026-01-07T12:12:18.665Z\",\"category\":\"Cryptocurrencies\",\"status\":{\"icon\":\"RiGlobalLine\",\"label\":\"Wiki Updated\",\"iconClassName\":\"text-green-500\"},\"user\":{\"name\":\"0x7da121Af2c3Fc2e65eDCD3573a403C352B4538Aa\",\"address\":\"0x212Cb3F4aE6611054637f9f78F18fB628AD258bb\"},\"button\":{\"label\":\"View Summary\",\"icon\":\"RiFileTextLine\"},\"summarySections\":[{\"title\":\"Content\",\"subtitle\":\"Updated information, added internal links, and corrected formatting in multiple sections.\",\"variant\":\"modified\",\"changeCount\":4,\"changes\":[\"In the 'Tether Enters the Latin American Market' subsection, the description of Tether's May 2022 price drop was updated. [[9]](#cite-id-kkb4wmxn87)\",\"In the 'Regulation' section, details regarding Bitfinex's fundraising were corrected. [[15]](#cite-id-7a24hb28i7)\",\"Added internal links for 'Chainalysis' [[43]](#cite-id-GADJ9YAeYX), 'strategy' [[41]](#cite-id-9VRJ4f79fI), and 'billions' [[46]](#cite-id-g02emHFTWT) [[42]](#cite-id-MWq7AObV8M).\",\"Corrected markdown syntax for links and images in several sections.\"]},{\"title\":\"Tether Governance\",\"subtitle\":\"Added a new subsection, 'Tether Gold (XAUT) and the Scudo Unit'.\",\"variant\":\"added\",\"changeCount\":1,\"changes\":[\"Added information about 'Scudo,' a new unit of account for Tether Gold (XAUT) introduced to improve usability for smaller transactions. [[47]](#cite-id-mrDMabFkLSo52mrk)\"]},{\"title\":\"Events\",\"subtitle\":\"Added 8 new events to the wiki's timeline.\",\"variant\":\"added\",\"changeCount\":8,\"changes\":[\"Added 'Date Founded' event (July 2014).\",\"Added '$1 Billion Token Sale' event (May 2019).\",\"Added 'MXNT Launch' event (May 2022).\",\"Added 'Pear Credit' event (October 2022).\",\"Added 'Tether x INHOPE' event (January 2023).\",\"Added 'Tether Appoints Paolo Ardoino as CEO' event (October 2023).\",\"Added 'Tether x Bitkub Exchange x Bitkub Academy' event (December 2023).\",\"Added 'Tether Launches Alloy' event (June 2024).\"]},{\"title\":\"References\",\"subtitle\":\"Added a new reference.\",\"variant\":\"added\",\"changeCount\":1,\"changes\":[\"Added reference: 'Tether Introduces Satoshi-Style 'Scudo' Unit for Gold Token XAUT'. [[47]](#cite-id-mrDMabFkLSo52mrk)\"]}]}]}"}