Print
Tether (USD₮) Launches on Near Network

British Virgin Islands, September 12, 2022: Tether Operations Limited (“Tether”), the company operating the blockchain-enabled platform
tether.to
that powers the first and most widely used stablecoin, has launched Tether tokens pegged to the U.S. dollar (“USD₮”) on the NEAR Network.

NEAR is a smart contract-capable blockchain designed to provide the ideal environment for dapps which is enabled by its unique scaling solution. The network just hit a milestone of
700 projects now building on NEAR
, making it a great ecosystem for Tether to launch a new version of USD₮. As of July, NEAR Foundation reports that the NEAR network has been used for 300,000 to 400,000 transactions per day.

“We’re excited to launch USD₮ on NEAR, offering its community access to the first, most stable, and trusted stablecoin in the digital token space,” said Paolo Ardoino, CTO at Tether. “The NEAR ecosystem has witnessed historic growth this year and we believe Tether will be essential in helping it continue to thrive.”

Marieke Flament, CEO of NEAR Foundation said: “We champion initiatives that can bring greater stability to the DeFi ecosystem and help us advance the mass adoption of Web3. We look forward to seeing what Tether will achieve with the launch of USD₮ on NEAR Network and the vital role it will play in shaping the future of finance and the digital economy.”

This announcement further solidifies Tether's position as the most widely adopted stablecoin, having pioneered the concept in the digital token space. The stablecoin is now live on Algorand, Avalanche, Bitcoin Cash’s Simple Ledger Protocol (SLP), Ethereum, EOS, Kusama, Liquid Network, Omni, Polygon, Tezos, Tron, Solana and Statemine.




Important Note


This press release is not an offer to sell or the solicitation of an offer to buy USD₮. Tether Limited and Tether International Limited will only sell or redeem USD₮ pursuant to the terms of service available (as of the date of this press release) at https://tether.to/en/legal.

latest news

Tether to Launch USD₮ on RGB, Expanding Native Bitcoin Stablecoin Support

28 August, 2025 – Tether, the largest company in the digital assets industry, today announced plans to launch USD₮ on RGB, a next-generation protocol for issuing digital assets on Bitcoin. RGB recently reached mainnet with its 0.11.1 release and has been designed to make Bitcoin more than just a store of value. By enabling private, […]

Learn more
Assange Family, Rumble CEO Chris Pavlovski, Twenty One Capital Jack Mallers, and former White House Crypto Advisor Bo Hines Among Headliners for Fourth Annual Plan ₿ Forum in Lugano

22 August, 2025 – Tether, the largest company in the digital asset industry, and the City of Lugano today unveiled the line-up of renowned thought leaders who will gather in Lugano for the fourth annual Plan ₿ Forum on October 24–25, 2025. Building on the success of 2024’s record-breaking event, which drew around 2,900 participants […]

Learn more
Tether Appoints Former White House Crypto Council Executive Director Bo Hines as Strategic Advisor for Digital Assets and U.S. Strategy

19 August 2025 – In a move that underscores its rising influence and unstoppable vision, Tether, the largest company in the digital asset ecosystem, today announced the appointment of Bo Hines as Strategic Advisor for Digital Assets and United States (U.S.) Strategy. Hines, who most recently served as Executive Director of the White House Crypto […]

Learn more
Read all news