Print
Tether Tokens (USD₮) to Launch on Tezos

British Virgin Islands, June 9, 2022 – Tether Operations Limited (“Tether”), the company operating the blockchain-enabled platform tether.to that powers the largest stablecoin by market capitalization, will launch Tether tokens (“USD₮”) on Tezos, a pioneering upgradable Proof-of-Stake blockchain. The addition of USD₮ to Tezos demonstrates its growing momentum as a thriving Proof-of-Stake blockchain which continues to build a reputation as the leading choice for brands and institutions looking to build the Web3 revolution.

Tether’s USD₮, now available on 12 blockchain networks, welcomes the Tezos ecosystem to the US $72 billion network. USD₮ on Tezos will power revolutionary applications across payments, DeFi, and more.

“We’re excited to launch USD₮ on Tezos, offering its growing and vibrant community access to the most liquid, stable, and trusted stablecoin in the digital token space,” said Paolo Ardoino, CTO at Tether. “Tezos is coming fast onto the scene and we believe that this integration will be essential to its long-term growth.”

Tezos is a unique network in the blockchain space, with nine upgrades, it is the only layer one blockchain network to successfully evolve and upgrade over time without relying on hard forks. Upgrades have decreased gas costs, increased transaction speed, and most recently, such upgrades even replaced Tezos’ consensus mechanism with Tenderbake, a modified BFT algorithm similar to Cosmos’ Tendermint. Tezos is set to continue its unprecedented track record with its next update which will introduce enshrined optimistic and smart contract roll-ups to the leading Proof-of-Stake network.

“With the introduction of USD₮, on and off ramps into the Tezos DeFi ecosystem are simplified and efficient. Tezos is an exemplary system with features and tools which have enabled innovative application designs not possible on other networks,” said Alessandro De Carli, Founder at Papers. “The launch of USD₮ on Tezos will undoubtedly unlock new DeFi products and I expect the impact on volume growth of the Tezos DeFi ecosystem to be remarkable.”

The launch of USD₮ on Tezos will further highlight Tether's dedication to pioneering collaboration and interoperability within the growing digital asset space. Tezos has a growing DeFi ecosystem which includes yield farming protocol Youves, decentralized exchange and EVM bridge Plenty, and more. Upon launch, Tether will be the largest stablecoin by market capitalization available within the network.

As the most liquid, stable, and innovative stablecoin, USD₮’s market capitalization has grown to over US $72 billion. USD₮ works across a diversity of different blockchains, including Algorand, Avalanche, Bitcoin Cash’s Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Polygon, Tezos, Tron, Solana, and Statemine. Tether is driven to support and empower growing ventures and innovation in the blockchain space.

latest news

Tether Invests in Shiga Digital to Strengthen Africa’s On-Chain Financial Ecosystem

5 June 2025 — Tether, the largest company in the digital asset industry, today announced a strategic investment in Shiga Digital, a modern platform that offers pan-African access to blockchain-based financial solutions, usable in the real world and easily accessible. Shiga Digital offers virtual accounts, OTC services, treasury management, and foreign exchange (FX) services tailored […]

Learn more
Tether Announces Strategic Investment in Orionx to Advance Digital Asset Adoption Across Latin America

3 June 2025 — Tether, the largest company in the digital asset industry, announces its investment in Orionx, one of the leading Chilean digital asset exchanges and a financial infrastructure company specializing in cross-border payments. This investment underscores Tether’s continued commitment to advancing financial inclusion and strengthening resilient digital payments channels across emerging markets.   With […]

Learn more
Tether Announces QVAC, Its Upcoming Development Platform for Infinite and Ubiquitous Intelligence – Deploying and Evolving AI Agents on User Devices, Not Big Tech Data Centers

14 May, 2025 – Tether, the largest company in the digital asset industry, today announced its upcoming QVAC (QuantumVerse Automatic Computer), a development platform for Infinite Intelligence, designed for humans and machines alike, that enables highly scalable AI applications and agents to run directly on local devices without dependence on centralized services, cloud infrastructure, thereby […]

Learn more
Read all news