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 Leads Support to the $150M Drift Recovery Plan, Stabilizes Relaunch as Drift Plans to Expand USD₮ Usage on Solana

16 April 2026 – Tether, the largest company in the digital asset ecosystem, announced today a strategic collaboration with Drift Protocol and partners to support user recovery and relaunch the Drift platform following its April 1 exploit, which resulted in approximately $285 million in user losses. The collaboration establishes a structured recovery plan backed by […]

Learn more
Tether Backs $134 Million Raise as Stablecoin Infrastructure Expands into Mainstream Use Cases

15 April 2026 – Tether Investments has announced that it has participated in a $134 million financing round for Stablecoin Development Corporation (NYSE American: SDEV), a publicly traded company focused on providing public market access to the stablecoin economy and advancing digital asset infrastructure. The round included participation from R01 Fund LP, Framework Ventures, and other […]

Learn more
Tether Launches tether.wallet, the People’s Wallet, Extending its Global Financial Infrastructure Directly to Billions of Users Left Behind by the Traditional Financial System

14 April 2026 – Tether, the largest company in the digital asset ecosystem and issuer of USD₮, the world’s most widely used stablecoin, today announced the launch of tether.wallet, a self-custodial digital wallet that brings Tether’s global financial infrastructure directly into the hands of its users. For more than a decade, Tether has built its […]

Learn more
Read all news