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COMPANY detail
TETHER The World’s First Stablecoin
TETHER
Company Overview.
Year Founded
2014
Status
Private
Specialties
Fiat Currency, Crypto Currency, Blockchain
Company Size
201-500 Employees
Industry
Financial Services
Location
San Salvador, El Salvador
Description.
Tether is the world's largest and most widely adopted stablecoin, having pioneered the concept in 2014. Founded by a group of Bitcoin enthusiasts, Tether enables the digital use of fiat currencies through blockchain technology. USDT is pegged 1-to-1 with the US dollar and is backed 100% by Tether's reserves. As the first blockchain-enabled platform for traditional currencies, Tether has become a foundational building block for the global crypto ecosystem, supporting cross-border transactions without the volatility of typical digital currencies. The company is led by CEO Paolo Ardoino, Chairman Giancarlo Devasini, CFO Simon McWilliams, and COO Claudia Lagorio.
Key Infrastructure.
USDT Token
World's largest USD-pegged stablecoin, 1:1 backed by reserves
Tether Gold (XAUt)
Gold-backed token pegged to ounce of gold
Multi-Chain Support
Available on 15+ blockchains including Ethereum, Tron, Solana
EURT
Euro-pegged stablecoin
Reserve Transparency
Daily publication of tokens in circulation and quarterly reserve reports
Tether P2P
Peer-to-peer communications platform
Additional Features.
100% Reserve Backing
All tokens backed 1:1 by Tether reserves
Major Exchange Support
Listed on all major exchanges (Binance, Coinbase, Kraken, etc.)
Daily Transparency
Daily publication of tokens in circulation
Treasury Holdings
Significant US Treasury holdings (~$141.6B)
Excess Reserves
Assets exceed liabilities by billions
Bitcoin Reserves
96,184 BTC in reserves
GENERAL Questions.
What does this company do?
Tether issues USDT, the world's largest stablecoin pegged 1:1 to the US dollar. Founded in 2014, it pioneered the stablecoin concept and provides a bridge between fiat and crypto. All tokens are 100% backed by reserves including cash, cash equivalents, and other assets. Tether operates as a token issuer, not as a B2B infrastructure platform.
Who are their main clients?
Tether serves all major cryptocurrency exchanges (Binance, Coinbase, Kraken), wallet providers, payment processors, merchants, and individual users globally. Any platform handling USDT is effectively a user of Tether's infrastructure.
Are they licensed?
Tether operates under various regulatory frameworks across jurisdictions but specific license details are not fully disclosed. The company maintains compliance in the jurisdictions it operates in.
What blockchains/stablecoins supported?
Tether tokens (USDT, EURT, CNHT, XAUT, MXNT) are available on 15+ blockchains: Ethereum (ERC-20), Tron (TRC-20), Solana, Avalanche, Celo, Cosmos (Kava), Tezos, Ton, Aptos, Near, Polkadot, and Liquid.
