Tether, founded in 2014, issues USD₮, a fiat-backed stablecoin pegged 1-to-1 to the US dollar. The company claims to be the first stablecoin and describes USD₮ as the largest by volume, serving hundreds of millions of users globally. The token facilitates trading, cross-border remittances, and serves as a store of value in economically unstable regions.
Beyond its core stablecoin business, Tether has expanded into multiple verticals: Tether Finance, Power, Data, Education, and Evo. These initiatives are positioned around enabling individuals, communities, cities, and nations to achieve greater economic independence and self-sustainability. The company has also begun investing in emerging technologies including artificial intelligence and brain-computer interfaces.
Tether operates as a globally distributed remote workforce spanning multiple continents. The company was founded by Bitcoin enthusiasts and early adopters and maintains an operational philosophy centred on decentralisation, financial transparency, and blockchain-based infrastructure as a mechanism for broader financial access.