Print
Tether, Holepunch, and Synonym Launch Pear Credit, a P2P Credit System

October 28, 2022— Pear Credit, a peer-to-peer credit system that allows issuers to create peer-to-peer credit “tokens” was announced today. Founded by Tether, Holepunch, and Synonym, Pear Credit promises a pure peer-to-peer protocol that gives credit issuers a faster, cheaper, and more scalable token format, without relying on blockchains or any global shared-state networks.

Pear Credit is one of the cornerstone products in a series of peer-to-peer applications developed by Tether, Holepunch, and Synonym that will put control of the economy back in the hands of the people. Unlike traditional credit systems, Pear Credit is a transparent accounting system that leverages peer-to-peer technology to reach high scalability and resilience, perfect for big enterprises and one-person companies. Pear Credit will be the perfect tool for companies that want to issue gift cards, reward points, stablecoins, and any form of credit imaginable.

“We think Pear Credit represents an easy-to-use, scalable module and flexible solution for all the companies in the world that issue credit; gift cards, rewards tokens, travel miles and stablecoins are all possible.,”
said Paolo Ardoino, CTO of Tether.
“The value of a product like this is so great, that many avenues of its potential are yet to be explored.”

“Peer-to-peer applications will be essential in helping the transition from Web 2, ”
Mathias Buus, CEO of Holepunch Inc.



Rather than relying on centralized entities who operate through a centralized infrastructure, the way that most of today’s traditional financial applications work, Pear Credit is fully transparent, scalable, decentralized and open.”

“Pear Credit will be a strict upgrade to existing credit systems and token formats.,”
said John Carvalho of Synonym.
“By combining the Lightning-Network-styled speed with cutting-edge P2P networked storage systems, Pear Credit will unlock a new era of digital society and the economy. There will be Bitcoin and credit, obsoleting all else.”

latest news

Tether Data Open-Sources VisionPsy-Nano: Best-in-Class ~460M On-Device Vision-Language Model Leading Industry Benchmarks

Tether AI Research launches open-weight, edge-optimized vision-language models, securing the No. 1 spot for quality and performance on everyday consumer smartphones 29 July 2026 – Tether Data’s AI research initiative, QVAC, today announced the open-source release of VisionPsy-Nano, a compact 460-million-parameter vision-language model (VLM) purpose-built for on-device and edge deployment. Bringing multimodal understanding that previously required […]

Learn more
Tether Signs MoU with the Nairobi Securities Exchange to Explore Digital Assets Use Cases, Tokenization, Blockchain Technology, and Digital Asset Education in Africa

28 July 2026 – Tether, the largest company in the digital asset industry, has signed a Memorandum of Understanding (MoU) with the Nairobi Securities Exchange (NSE) to explore digital asset education, tokenization, and financial market innovation in Nairobi. The NSE, established in 1954, is one of the leading African exchanges, based in Kenya, that offers […]

Learn more
XAU₮, Tether’s Gold-Backed Digital Asset, Receives Shariah Certification, Unlocking New Pathways for Islamic Banks, Institutions, and Individuals Worldwide

Certification expands access to digital gold, bridging physical bullion ownership with modern blockchain infrastructure 27 July 2026 – Tether, the largest company in the digital asset industry, today announced that XAU₮, Tether’s gold-backed digital asset, has officially received a Shariah compliance certification from Amanah Advisors, led by Mufti Faraz Adam. The certification confirms that XAU₮ […]

Learn more
Read all news