Tether Limited is a leading financial technology company specializing in stablecoins, with USDT as its flagship product.
| Product | Backing | Status | Market cap |
|---|---|---|---|
| USDTTether USDT | Fiat Backed | Active | $183.5B |
| XAUTTether Gold | Commodity Backed | Active | — |
| Legal name | Tether International S.A. de C.V. |
| Founded | 2014 |
| Headquarters | San Salvador, El Salvador |
| Stage | Private |
| CEO | Paolo Ardoino |
| Founders | Brock Pierce, Reeve Collins, Craig Sellars |
| Key events | Date 2022-05 · Event USDT depegged briefly amid LUNA/UST collapse (exact low and duration flagged uncertain)Date 2024-11 · Event Tether reported $2.5B profit for Q3 2024Date 2025-01 · Event Tether International S.A. de C.V. announced DASP and stablecoin-issuer licenses in El Salvador; company relocated regulated entity to El Salvador (formerly Tether Limited Inc.) |
| Regulatory status | Jurisdiction El Salvador · License type Digital Asset Service Provider licence and stablecoin issuer authorisation · Status Licensed · Issued 2025 |
| Website | https://tether.io |
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.