Tether
Reserve-backed token issuer and primary-market digital-asset platform.
Available information varies by company and source.
Profile record updated:
Company facts
- Official name
- Tether International, S.A. de C.V.
- Entity type
- COMPANY
- Founded
- 2014
- Headquarters
- El Salvador
- Company size
- 201–500
- Market role
- Other / Non-Digital Advertising Relevant
- Official website
- tether.to
What Tether does
Tether issues reserve-backed blockchain tokens against fiat or eligible collateral and provides primary-market purchase and redemption to verified account holders. Customers acquire tokens through Tether or secondary-market venues, use them for digital-asset trading, transfers, settlement and payments, and can redeem eligible tokens into fiat through the tether.to account platform. Tether charges onboarding, issuance and redemption fees, while reserve assets backing issued tokens create an additional economic return stream.
Category differentiation
Tether is a reserve-backed digital-token issuer and primary-market redemption platform, not a general-purpose cryptocurrency wallet or an advertising technology provider. Tether Gold is offered by TG Commodities Limited within the broader Tether ecosystem.
Strategic context
AI-supported assessment from the existing company research; distinguish interpretation from sourced facts.
Tether International, S.A. de C.V. is the El Salvador-based subsidiary that operates tether.to, the primary-market platform for Tether-issued reserve-backed digital tokens. It issues and redeems fiat-referenced tokens, including USD₮ and MXN₮, for verified customers, and supports blockchain-based settlement through integrations with exchanges, wallets, payment providers, financial institutions and merchants. The wider Tether product family also includes gold-backed XAU₮ and the Alloy on-chain collateral platform. The company generates commercial value through token issuance and redemption fees and through management of the reserve assets supporting tokens in circulation. Its direct paying users are verified businesses, exchanges, payment processors, financial institutions, merchants and eligible account holders. Tether operates as regulated-adjacent digital-asset financial infrastructure, not as an advertising, media or general-purpose software vendor.
Company news briefing
Briefing updated:
Tether faces legal scrutiny following the US Department of Justice's seizure of $84 million from Capstone, a payment processor involved in a fraud scheme that converted funds into Tether stablecoins, with $1.2 million in Tether tokens also seized. Meanwhile, Eight Sleep, which previously raised $50 million from Tether earlier in 2026 at a $1.5 billion valuation, launched its new Pod 6 sleep device globally in smaller and solo sizes.
Business model & monetisation
Tether monetises token issuance and redemption through its verified primary-market account platform. Its published schedule includes a minimum USD 100,000 acquisition or redemption amount, a 0.1% acquisition fee, a redemption fee equal to the greater of USD 1,000 or 0.1%, and a non-refundable USD 150 verification fee. It also earns income from managing the reserve assets that back tokens in circulation; product materials do not disclose a full reserve-income allocation.
- Primary-market token acquisition fees
- 0.1% acquisition fee on eligible token purchases
- Fiat redemption fees
- Greater of USD 1,000 or 0.1% per redemption
- Account verification fees
- Non-refundable USD 150 verification fee
- Reserve-asset income
- Return generated from assets backing circulating tokens
Products & capabilities
No products with linked sources are available in this view.
Products & market categories
Technology
Recent recorded signals
Dates refer to the source publication. Older entries are historical context, not evidence of a new event.
US Seizes $84M in Tether-linked Payment Scheme
Cryptocurrency · Recorded impact score: 2/5
The US Department of Justice has seized approximately $84 million from bank accounts of Capstone, a Montana-based payment processor, for its involvement in a fraud network targeting elderly Americans. The scheme involved converting funds into Tether stablecoins and sending them abroad. Capstone, which operated without a money transmitter license due to Montana's lax regulations, allegedly deceived banks by posing as an IT company. Tether and Bitfinex, indirect clients of Capstone via the EQIBank in Dominica, denied any knowledge of illegal activities. The case highlights the ongoing difficulty for crypto firms to access traditional banking, forcing them to rely on opaque intermediaries. Legal actions are solely against Capstone, though Tether tokens worth $1.2 million were also seized.
- US DOJ seized ~$84 million from Capstone's accounts at Wells Fargo and JPMorgan Chase.
- Capstone laundered money for a scam targeting elderly US citizens, converting funds to Tether.
Eight Sleep launches smaller Pod 6 with solo sizes
Product Launch · Recorded impact score: 2/5
Eight Sleep launched its new Pod 6 sleep device in smaller and solo sizes, starting at $1,999. The device cools or heats each side of the bed 20% faster, has a 50% smaller footprint, and includes 9x more sensors, allowing it to ignore data from pets or children. It is available in over 37 countries. The company is also pursuing FDA approval to market the Pod as a medical device for sleep apnea. Earlier in 2026, Eight Sleep raised $50 million from Tether at a $1.5 billion valuation. CEO Matteo Franceschetti noted international markets contribute over 30% of revenue, with expansion plans in Asia and Latin America. He also mentioned adjusting supply chains due to AI-driven component demand.
- Eight Sleep launched the Pod 6 in smaller and solo sizes, starting at $1,999.
- Pod 6 temperature adjustment is 20% faster, with a 50% smaller footprint and 9x more sensors.
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Questions about Tether
What is Tether?
Tether is a digital-asset financial services business that issues reserve-backed tokens and operates a verified primary-market issuance and redemption platform.
Who uses Tether?
Exchanges, wallet providers, payment processors, financial institutions, merchants, traders, investors and verified institutional customers use its tokens and account services.
How does Tether make money?
Tether charges token acquisition, redemption and account-verification fees and earns income from managing the assets that back tokens in circulation.
Sources & coverage
This profile uses public, official and technically observable information. Missing information does not prove that a product or relationship does not exist. The list below does not imply that every profile statement has been verified.
27 publicly documented primary sources and citations linked across the market graph.
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