# Tether > Driving the Future of Money Tether helps users transact with digital versions of traditional currencies through blockchain technology. Tether lets users send and store digital versions of traditional currencies using blockchain technology. Users can transfer funds globally, trade on exchanges, and participate in digital markets while maintaining stable value. The platform converts traditional currencies into digital tokens that maintain a one-to-one relationship with their underlying assets. - Type: Company - Sector: Payments - Status: Active - Founded: 2014-10-01 - Profile: https://thegrid.id/profiles/Tether ## Products - [Tether Stablecoin issuance](https://thegrid.id/profiles/Tether): A stablecoin issuance system that manages token supply through mint and burn mechanisms across multiple blockchains, maintaining price stability through fiat currency backing. (Stablecoin Issuer, Live, Main Product) - [Alloy by Tether](https://thegrid.id/profiles/Tether): Alloy by Tether is a stablecoin issuance platform on Ethereum that allows users to mint aUSD₮ by depositing Tether Gold (XAU₮) as collateral through smart contract vaults. A price oracle values the XAU₮ collateral in USD, and over-collateralization requirements with automatic liquidations maintain backing. aUSD₮ tracks the US dollar price while remaining collateralized by gold-referenced assets. (Stablecoin Issuer, Inactive/Support Ended) - [Wallet Development Kit (WDK)](https://thegrid.id/profiles/Tether): WDK provides open-source libraries and modules for building self-custodial wallets supporting multiple blockchains. The modular architecture includes wallet modules for blockchain operations, protocol modules for DeFi integrations including swaps, bridges, and lending, and pre-built UI components for React Native. Built on Bare runtime, it supports Node.js and React Native environments, enabling deployment across mobile, desktop, embedded systems, and server applications. (Developer Tooling, Live) - [Tether Wallet](https://thegrid.id/profiles/Tether): Tether Wallet is a self-custodial mobile wallet for storing, sending, and receiving Tether stablecoins and Bitcoin. Users hold their own private keys, with all transactions signed locally on the device before being broadcast to the network. Supported assets include USD₮ on Ethereum, Polygon, Plasma, and Arbitrum; XAU₮ on the same networks; USA₮ on Ethereum; and Bitcoin via on-chain transactions and the Lightning Network. Human-readable @tether.me usernames replace blockchain addresses for in-wallet transfers and LNURL-compatible Bitcoin wallets. Network fees are paid in the asset being transferred, without requiring separate gas tokens. Wallet backup is available via encrypted cloud storage or a manual 12-word recovery phrase. (Wallet, Live) ## Assets - [Tether USDt (USDt)](https://thegrid.id/profiles/Tether): USDt is a USD-pegged stablecoin issued by Tether. It is used for payments, trading, and as collateral across decentralized finance protocols on multiple blockchains. As one of the earliest stablecoins, it helped establish the model of maintaining a digital asset's value through reserves of fiat currency and other liquid assets. (Stablecoin) - [Tether Gold (XAUt)](https://thegrid.id/profiles/Tether): XAUt is a gold-pegged stablecoin issued by Tether. It is used for holding and transferring gold-denominated value on Ethereum. Each token represents one troy ounce of physical gold held in Swiss vaults, with holders able to verify their allocation through serial numbers linked to specific gold bars. (Stablecoin) - [Tether MXNt (MXNt)](https://thegrid.id/profiles/Tether): MXNt is a Mexican peso-pegged stablecoin issued by Tether. It is used for payments, remittances, and trading, providing a faster and less costly option for asset transfers. The multibillion-dollar flow of remittances into Mexico and difficulties with traditional money transfers created demand for a peso-denominated stablecoin that allows users to transact digitally while avoiding currency volatility. (Stablecoin) - [Tether CNH (CNHt)](https://thegrid.id/profiles/Tether): CNHt is an offshore Chinese yuan-pegged stablecoin issued by Tether. It is used for cross-border transactions, trading, and as a stable store of value on Ethereum and Tron blockchains. The token is pegged to CNH, the offshore Chinese yuan traded outside mainland China in regions like Hong Kong and Singapore, rather than the domestic CNY currency. (Stablecoin) - [Euro Tether (EURt)](https://thegrid.id/profiles/Tether): EURt is a euro-pegged stablecoin issued by Tether. It is used for euro-denominated payments, remittances, and trading on exchanges. Each token is backed 1:1 by euro reserves, allowing users to transact in a stable digital euro equivalent across blockchain networks without exposure to cryptocurrency volatility. (Stablecoin) - [Tether aUSDt (aUSDt)](https://thegrid.id/profiles/Tether): aUSDt is a USD-pegged stablecoin issued by Tether using Tether Gold as collateral. It is used for digital transactions, payments, and remittances, allowing holders to transact in a dollar-denominated asset without selling their gold-backed collateral. The stablecoin is over-collateralized by Tether Gold, which represents physical gold stored in Switzerland, creating a synthetic dollar that combines the stability of the U.S. dollar with the security of gold backing. (Stablecoin) - [Tether GELt (GELt)](https://thegrid.id/profiles/Tether): GELt is a Georgian Lari-pegged stablecoin issued by Tether in collaboration with the Government of Georgia. It is used for payments, cross-border commerce, and digital financial services, enabling lower transaction costs and near-instant settlement as a digital representation of the Georgian Lari. The stablecoin operates under Georgia's purpose-built virtual asset regulatory framework, making it among the first stablecoins representing a national currency developed with direct government partnership. (Stablecoin) ## Links - [Main](https://tether.to) - [Blog](https://tether.io/news) - [Documentation](https://tether.to/en/knowledge-base) - [Whitepaper](https://assets.ctfassets.net/vyse88cgwfbl/5UWgHMvz071t2Cq5yTw5vi/c9798ea8db99311bf90ebe0810938b01/TetherWhitePaper.pdf) - [Media Kit/branding](https://tether.to/media) - [Terms of Service](https://tether.to/en/legal?tab=terms-of-service) - [Privacy policy](https://tether.to/en/legal?tab=privacy-policy) - [Instagram](https://www.instagram.com/_tether_) - [Facebook](https://www.facebook.com/tether.to) - [Reddit](https://www.reddit.com/r/Tether) - [LinkedIn](https://www.linkedin.com/company/tether) - [Telegram](https://t.me/OfficialTether) - [Instagram](https://www.instagram.com/usat_tether) - [Twitter / X](https://x.com/USAT_io) - [Twitter / X](https://x.com/tether) - [GitHub](https://github.com/tetherto/wdk-core) - [GitHub](https://github.com/tetherto/pearpass-app-desktop) - [Twitter / X](https://x.com/tetherwallet) - [LinkedIn](https://www.linkedin.com/showcase/tetherwallet) ## Relationships - [Hadron by Tether](https://thegrid.id/profiles/hadron_by_tether): Subsidiary - [QVAC](https://thegrid.id/profiles/qvac): Subsidiary - [USAT](https://thegrid.id/profiles/usat): Subsidiary - [Pears](https://thegrid.id/profiles/pears): Subsidiary - [USDT0](https://thegrid.id/profiles/usdt0): Subsidiary ## Legal This data is provided under two licensing models. 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