Tether, founded in 2014, creates and maintains USD₮ (Tether USD), a fiat-backed stablecoin designed to maintain a 1-to-1 peg with the US dollar. The company claims to operate the largest stablecoin by volume, serving hundreds of millions of users worldwide across trading, remittances, and financial services in regions experiencing economic instability.
Beyond its core stablecoin business, Tether operates several verticals addressing broader needs. Tether Finance provides financial services to individuals and communities. Tether Power focuses on energy and sustainability initiatives. Tether Data and Tether Education represent expansions into data services and educational programmes. The company also invests in emerging technologies including artificial intelligence and brain–computer interfaces through initiatives such as Evo.
Tether operates as a globally distributed, remote-first organisation with employees working across multiple continents. The company describes itself as rooted in Bitcoin principles, emphasizing financial freedom, decentralization, and transparency. Its stated mission centres on empowering individuals, communities, cities, and nations toward self-sustainability and greater control over their financial and technological futures.