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Tether

San Salvador, El Salvador · Founded 2014 · CEO: Paolo Ardoino · Private · ↗ Website

Tether Limited is a leading financial technology company specializing in stablecoins, with USDT as its flagship product.

Products

USDT active $184.5B
Tether USDT
Fiat Backed

Tether's USDT is the leading stablecoin, maintaining a 1:1 peg with the U.S. dollar, backed primarily by U.S. Treasury bills.

XAUT active
Tether Gold
Commodity Backed

Tether Gold (XAUT) is a commodity-backed stablecoin representing one troy ounce of gold, stored in Swiss vaults.

Key Events

2024-11Tether reported $2.5B profit for Q3 2024
2022-05USDT depegged to $0.9485 amid LUNA/UST collapse, recovered within 8 hours

Overview

Tether Limited is a financial technology company known for issuing stablecoins, including the world's largest stablecoin by market capitalization, USDT. Founded in 2014, the company has its headquarters in San Salvador, El Salvador.

Regulatory Status

In 2024, Tether International SA de C.V. obtained a stablecoin issuer and Digital Asset Service Provider (DASP) license in El Salvador.

Key Products

Tether's main stablecoin products include USDT, EUR₮, CNH₮, and MXN₮. In 2025, Tether also launched a new U.S.-focused stablecoin named USAT.