Tether
Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner. Tether works to disrupt the conventional financial system via a more modern approach to money. Tether has made headway by giving customers the ability to transact with traditional currencies across a blockchain, without the inherent volatility and complexity typically associated with a digital currency. As the first blockchain-enabled platform to facilitate the digital use of traditional currencies (a familiar, stable accounting unit), Tether has democratised cross-border transactions across a blockchain.
Industry
Finance & Insurance
Market Categories
Stablecoin Issuers
Business function (Horizontal)
Headquarters Location
British Virgin Islands
Product Name
USDT
Parent Company
Tether
Founder
Brock Pierce, Reeve Collins, Craig Sellars
Web2vsWeb3
Web3
Access Model
API
Target Users
Corporate + Enterprises + SMEs
Competitors
USDC (Circle), USDP (Paxos), DAI (MakerDAO)
Business Function (stablecoins)
Feature completness
Product differentiation
First-mover advantage in stablecoin space; highest trading volume and widest adoption across 100+ exchanges; daily reserve transparency reports (though not full audits).
Privacy & Data protection certificate
Years in business
11.49
Employees
200-500
Horizontal Applications
Peer-to-Peer (P2P) Payments
Tech stack modernity
Blockchain-agnostic (modern for crypto space); supports EVM-compatible chains, Tron, Solana; no cloud dependency as it’s decentralized.
Product Roadmap
Information not available (No public roadmap or strategic vision disclosed on website or trusted sources)
Product Roadmap
Information not available (No public roadmap or strategic vision disclosed on website or trusted sources)
API Quality
Documentation Link
Enterprise readiness
Strong for crypto-native enterprises due to wide adoption and integration; regulatory risks may impact SLA reliability for traditional enterprises.
Security & Compliance Readiness
Partial compliance: Claims reserve backing with daily reports; fined $41M by CFTC in 2021 for misleading reserve claims; no SOC2/GDPR/HIPAA certifications mentioned.
Documentation quality assessment
Structure is basic, completeness limited to core token info, no developer tutorials.
Support Methods
Limited: Email-only support; no public data on responsiveness, SLAs, or average response time; likely handled via third-party platforms.
Critical capabilities
Supports 10+ blockchains (e.g., Ethereum, Tron, Solana, Algorand, Avalanche, Polygon) for token issuance, ensuring robust infrastructure for digital transactions.
Support & Account Management
Limited: Email-only support; no public data on responsiveness, SLAs, or average response time; likely handled via third-party platforms.
51 Score™
487.92
Product & Service
56.0
Stability & Maturity
56.7
Technology & Innovation
30.0
Enterprise Readiness
52.5
Categorization
Founder
Brock Pierce, Reeve Collins, Craig Sellars
Parent Company
Tether
Market category
Stablecoin Issuers
Target Users
Corporate + Enterprises + SMEs
Top competitors
USDC (Circle), USDP (Paxos), DAI (MakerDAO)
