Tether Operations Limited develops and issues reserve-backed digital tokens used by exchanges, wallets, payment processors, and merchants, most notably the USDT stablecoin available across multiple blockchains. Founded in 2014 and privately held, it earns revenue from token issuance, reserve management, and related services, and has expanded into tokenization, peer-to-peer communications (Keet), and Bitcoin mining. USDT is widely used in crypto trading and cross-border transfers, including in emerging markets.
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