Tether

Region

San Salvador

El Salvador

Targeted SDGs

9. Industry, Innovation, Technology and Infrastructure

Description

Tether is a stablecoin designed to maintain a stable value by pegging its price to the U.S. dollar. Founded in 2014, it has grown into one of the most influential firms in the crypto industry, with reserves and attestations published to support its tokens. Tether plays a central role in global crypto markets by offering liquidity, settlement infrastructure, and a dollar alternative in regions with limited banking access. Beyond stablecoins, the company has expanded into areas such as renewable energy and bitcoin mining, signaling broader ambitions in the digital economy.

Impact

Tether provides stability in the volatile cryptocurrency market by offering a digital asset that mirrors the value of the U.S. dollar. This stability enables users to trade cryptocurrencies without the need to convert to fiat currencies, facilitates cross-border transactions, and serves as a reliable store of value within the digital economy.

EXPLORE THE NETWORK

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Sky

Sky is the successor to MakerDAO, the pioneering DeFi protocol that first introduced decentralized stablecoins on Ethereum. It governs and issues USDS, a crypto-backed stablecoin designed to maintain parity with the U.S. dollar without depending on banks or centralized custodians. Sky operates entirely through smart contracts, ensuring that decisions and risk management are handled transparently onchain. Guided by a global community of token holders, it emphasizes decentralization, censorship resistance, and the long-term resilience of open financial systems.

Protocol

Open Finance

Self Protocol

Self Protocol is an identity verification system that leverages zero-knowledge proofs to enable Sybil-resistant token distributions and user authentication without compromising personal data. By validating user attributes such as age or location through passport verification, Self Protocol ensures that decentralized applications can authenticate real users while maintaining privacy.

Protocol

RWA