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 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