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$65 billion (as of September 2022). 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, Avalanche, Ethereum, EOS, Liquid Network, Near, Omni, Polygon, Solana, Bitcoin Cash's Standard Ledger Protocol, Statemine, Statemint, Tezos, and Tron. 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 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 Launches MXN₮ Tether Tokens Pegged to the Mexican Peso
Davos, Switzerland, 26 May 2022: Tether Operations Limited (“Tether”), the company operating the blockchain-enabled platform
tether.to
that powers the largest stablecoin by market capitalization of over US $73 billion, has today launched Tether tokens (“MXN₮”) pegged to the Mexican Peso. Initial blockchain support will include Ethereum, Tron, and Polygon.
MXN₮ will join three other fiat-currency pegged tokens Tether has in the market: the U.S. dollar-pegged USD₮, the Euro-pegged EUR₮, and the offshore Chinese Yuan-pegged CNH₮.
According to data from Triple A, a cryptocurrency payments company, 40% of Mexican companies are looking to adopt blockchain and cryptocurrencies in some form making Mexico a prime location for the next Latin American crypto hub. The multibillion-dollar flow of remittances into Mexico and the difficulties involved with money transfers, have created a unique opportunity for stablecoin usage and adoption. The creation of MXN₮ puts Mexican Peso on the blockchains and provides a faster, less costly option for asset transfers.
MXN₮ is a stable digital asset that is pegged 1:1 to the Mexican Peso. MXN₮ was built by the trusted team of developers behind Tether USD₮ and it operates under tether.to.
“We have seen a rise in cryptocurrency usage in Latin America over the last year that has made it apparent that we need to expand our offerings,” said Paolo Ardoino, CTO of Tether. “Introducing a Peso-pegged stablecoin will provide a store of value for those in the emerging markets and in particular Mexico. MXN₮ can minimize volatility for those looking to convert their assets and investments from fiat to digital currencies. Tether customers in this entirely new market will be able to benefit from the same transparent customer experience.”
The addition of MXN₮ is a milestone for the company as it marks Tether’s entrance into Latin America with a dedicated digital currency. The launch of MXN₮ will provide a testing ground for onboarding new users in the Latin American market and will pave the way for future fiat-pegged currencies in the region to be launched.
To learn more about MXN₮ or to purchase MXN₮, please visit www.tether.to or contact us at https://cs.tether.to/
Tether Gold (XAU₮) and Euro Tether (EUR₮) Launch on Bitget
February 15, 2023 — Tether Operations Limited (Tether),
the company operating the blockchain-enabled platform
tether.to
that powers the first and most widely used stablecoin, is pleased to announce that Tether Gold (XAU₮) and Euro Tether (EUR₮) have been listed on the crypto derivative exchange, Bitget.
Launched in 2018, Bitget describes itself as a crypto exchange platform that aims to bridge the gap between Web2 and Web3 for their users. Focusing on social trading, which allows traders or investors to emulate the strategies of their peers or more experienced traders, Bitget states that they have amassed over 8 million registered users and 55,000 professional traders from more than 100 countries around the world.
Launched in 2018, Bitget describes itself as a crypto exchange platform that aims to bridge the gap between Web2 and Web3 for their users. Focusing on social trading, which allows traders or investors to emulate the strategies of their peers or more experienced traders, Bitget states that they have amassed over 8 million registered users and 55,000 professional traders from more than 100 countries around the world.
Launched in 2018, Bitget describes itself as a crypto exchange platform that aims to bridge the gap between Web2 and Web3 for their users. Focusing on social trading, which allows traders or investors to emulate the strategies of their peers or more experienced traders, Bitget states that they have amassed over 8 million registered users and 55,000 professional traders from more than 100 countries around the world.
As a crypto derivative exchange, Bitget enables users of all experience levels to trade futures and options on the blockchain. Bitget is ranked by CoinGecko in its global top five for derivatives trading by volume, averages $10 billion in daily training volume, and generated over $100 billion in trading volume in 2021 alone.
Tether token
Tether supports and empowers growing ventures and innovation as a digital token built on multiple blockchains.