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Tether

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

HeadquartersSan Salvador, El Salvador
Founded2014
CEOPaolo Ardoino
StagePrivate
FoundersBrock Pierce, Reeve Collins, Craig Sellars
Websitetether.io ↗
X@tether ↗
LinkedIntether ↗
GitHub@tetherto ↗

Products

USDT active $183.3B
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.

Tether is a financial technology company known for issuing stablecoins, including the world's largest stablecoin by market capitalization, USDT. Founded in 2014, the company relocated its regulated issuer entity to El Salvador. The current issuing entity is Tether International S.A. de C.V. (formerly operating as Tether Limited Inc.).

In January 2025, Tether International S.A. de C.V. obtained a stablecoin issuer and Digital Asset Service Provider (DASP) license in El Salvador.

Regulatory Status

El Salvador
Digital Asset Service Provider licence and stablecoin issuer authorisation
licensed2025

Frequently Asked Questions

What stablecoins does Tether issue?
Tether issues USDT, the largest stablecoin on this issuer page, and XAUT, a gold-backed token. USDT has market capitalization of $183.3B and Tether's aggregate stablecoin market capitalization is $183.3B as of 1 August 2026.
How is USDT backed?
Tether states that all Tether tokens are backed 100% by Tether's reserves and that issuer assets exceed liabilities. In its Q1 2026 update, Tether said reserves remained primarily allocated to short-duration, high-quality liquid instruments, with substantial direct and indirect exposure to U.S. Treasury bills.
What is XAUT backed by?
Tether Gold, or XAUT, represents ownership of real physical gold. Public product descriptions state that one XAUT token represents one troy fine ounce of gold on a London Good Delivery gold bar.
What blockchains is USDT available on?
Tether tokens are issued on multiple public blockchains, and USDT is available on 14 networks as of 1 August 2026. Tether has also stated that it no longer issues or redeems Tether tokens on certain legacy chains, including Kusama, Bitcoin Cash SLP, Omni Layer, EOS and Algorand.

Recent Activity