Separating Competitor-Driven Disinformation from Reality

Competitors unable to compete on product adoption resort to cheating tactics, such as spreading lies through their lobbying or using dark money groups, to spread false narratives in hopes of gaining traction. Don’t be a tool for their desperation. Discover the true facts about Tether.

How Tether USD₮ is expanding the U.S. dollar monetary base across the world

Tether USD₮ is one of the biggest drivers of expansion of the U.S. dollar across emerging markets and developing countries

$10.29 trillion USD₮ Transaction Volume 2023
~3.3x times the market cap of its closest competitor
USD₮ market cap over $118 billion
350+ million USD₮ users worldwide
USD₮ is primarily backed by U.S. Treasury Bills
At the last attestation (30th June 2024), Tether has direct+indirect exposure to more than $97 Billion in U.S. treasuries.
Tether Ranks Among Top Buyers of U.S. Treasury Bills
Tether is among top 20 biggest buyers of U.S. treasury bills. Tether’s exposure to Treasuries is above Germany, the United Arab Emirates, and Australia.
Empowering Millions with U.S. Dollar Stablecoins in Developing Countries
Tether USD₮ is used by more than 350 million people in developing countries, especially for remittances, the unbanked and as a USD denominated savings tool. Entire communities in Africa, Central and South America rely on USD₮ as their digital dollar, to save their families from the spiralling devaluation of their local currencies.
Strengthening Global Dollar Dominance
Being a major purchaser of U.S. treasury bills, Tether helps boost the liquidity and stability of the U.S. financial system reinforcing the global role of the U.S. dollar. By maintaining a dollar peg, Tether promotes trust and adoption in international transactions, supporting dollar hegemony.
Reinforcing Global Trade with the U.S. Dollar-Denominated Stablecoin USD₮
Tether's USD₮ tokens facilitate global transactions in U.S. dollar denominated value, promoting dollar-backed stablecoins in cross-border trade and digital finance in emerging and developing markets.
Demand for U.S. Debt: Tether's Impact on Treasury Financing
Tether's large-scale U.S. Treasury purchases provide significant demand for U.S. debt, aiding government financing by creating a constant demand from foreign countries for new U.S. treasury bills.

Tether FIAT stablecoins reserves highlights

as of 30 June 2024

$113.10billion
Total Liabilities
$118.44billion
Total Assets
104.72%
Collateralised

For more info visit: tether.to/en/transparency

Where are Tether's reserves?

The majority is with a top-tier custodian in the U.S.
Source: Bloomberg

Transparency Revolution: Tether USD₮ and Blockchain Technology

Tether USD₮ leverages blockchain technology to ensure every transaction is transparent and reviewable, unlike the traditional banking system. Every transaction is recorded on a public ledger.

Beyond fostering global U.S. Dollar dominance

Tether is Actively Supporting Law Enforcement and Ensuring Ethical Use of USD₮

Tether voluntarily blocked 1,850 wallets assisting law enforcement, 636 in coordination with U.S. agencies
Tether blocked $1.8+ billion USD₮ to assist law enforcement
Tether assisted more than 180 law enforcement agencies across 45 jurisdictions
Tether froze 210 wallets with 50+m USD₮ to assist Israel and Ukraine law enforcement
Tether assisted the U.S. Secret Service, the FBI and other prominent U.S. federal law enforcement agencies to combat illegal activities
Tether redistributed +112 million USD₮ to rightful owners and law enforcement through reissuance agreements

Tether has assisted law enforcement agencies in over 45 jurisdictions worldwide, including the NBCTF in Israel, to add in investigations of illicit activity.

Tether’s commitment to compliance and global security is unwavering.

We work with 180 agencies across more than 45 countries, including the FBI and the U.S. Secret Service, to prevent the misuse of Tether products in crimes.

Fighting Fraud and Human Trafficking

Tether assisted private groups specializing in blockchain analytics and human trafficking to combat global "pig butchering" schemes. Its efforts have helped trace and freeze millions in laundered USD₮ used by organized crime syndicates.

In the past year alone, Tether has voluntarily blocked 1,850 wallets, 636 of which were in coordination with U.S. agencies.

Over the past three years, we have assisted in 555 requests, including 265 from U.S. agencies, blocking or freezing over $1.8+ billion in USD₮ linked to illicit activities.

Enhancing Transparency and Security

Tether is committed to leveraging new technologies to enhance transparency and security.

Tether’s collaboration with Chainalysis has introduced advanced tools for monitoring sanctions, categorizing transactions, analyzing large wallets, and detecting illicit transfers.

Additionally, Tether monitors high-risk activity, including non-USD₮ cryptocurrency movements by DPRK-affiliated groups, to freeze illicit funds if converted to USD₮.

Compliance Capabilities and Actions

Tether adheres to strict KYC standards and has confirmed that no customers on the primary market have ever been involved in terrorist activities.

We ensure that all customers undergo thorough due diligence and are not subject to sanctions or linked to terrorist financing.

1
Robust Compliance Department

Tether's Compliance Department, staffed by industry professionals from major financial institutions and blockchain analysis firms, adheres to rigorous KYC/AML/CFT/CP and Sanctions standards. Each potential customer undergoes a comprehensive review, including background checks, source of funds verification, and sanctions list screening.

2
Proactive Wallet-Freezing Policy

Tether's wallet-freezing policy aligns with the OFAC Specially Designated Nationals (SDN) List. Tether voluntarily freezes the wallets of individuals associated with the list and monitor USD₮ transmissions across multiple blockchains for suspicious or high-risk activity. Tether’s surveillance tools generate actionable leads for law enforcement, resulting in wallet freezes and potential reissuances.

3
Advanced Tracing Capabilities

Tether enhances its tracing capabilities by incorporating machine learning to detect suspicious activity patterns. Tether’s elite investigations team includes experts from the public sector, traditional finance, and blockchain analytics firms, specializing in virtual currencies and combating crimes such as CSAM and pig butchering.

Asset-Freezing Policies and Capabilities

Assist Law Enforcement Globally

Tether has assisted law enforcement agencies in over 45 jurisdictions globally to aid in investigations of illicit activity, including terrorist financing.

Tether has frozen over 1.8+ billion USD₮ in secondary market addresses, primarily connected to thefts and exchange hacks.

Approximately 112 million USD₮ obtained through fraud and theft has been redistributed to rightful owners and law enforcement through reissuance agreements.

OFAC-Aligned Wallet-Freezing Policy

In December 2023, Tether initiated a new voluntary wallet-freezing policy aligned with the OFAC SDN List to combat sanctioned activities.

Tether has assisted in freezing 723 wallets totaling approximately USD₮ 691 million for various U.S. agencies, including the FBI, USSS, and other prominent U.S. federal law enforcement agencies.

Active Role in Assisting Law Enforcement

Tether assists the U.S. Secret Service, the FBI and other prominent U.S. Federal Law enforcement agencies in combating illegal activities and aiding in fund recovery. Tether recently onboarded the United States Secret Service and the FBI onto our platform to extend support to victims of crimes under investigation by other prominent U.S. Federal law enforcement agencies. Tether's efforts have received recognition for freezing nearly $15 million in crypto.

Prominent U.S. federal law enforcement agencies have publicly acknowledged Tether for assisting in combatting illicit financing.
Source: U.S. Attorney's Office

International Cooperation

Tether has helped authorities in Israel and Ukraine identify and freeze 210 addresses, totaling approximately 50,600,000 USD₮. Its assistance to Israel’s NBCTF predates the attacks of October 7, 2023, and we continue to work closely with them and other global agencies.

Responds to allegations from “renowned” media throughout years