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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Explore the Ecosystem

Hurupay

Hurupay offers a digital wallet that allows users to open virtual accounts in USD, EUR, and GBP without monthly fees. Users can receive payments from platforms like PayPal, Wise, Upwork, and Fiverr, and withdraw funds via crypto exchanges, local banks, or mobile money.

Protocol

Payments

Funding the Commons

Funding the Commons builds bridges between builders, researchers, and funders to transform funding mechanisms and infrastructure for digital public goods.

Institution

Public Goods

Haraka

Haraka provides a decentralized lending platform designed for communities without access to traditional financial services. By converting social trust into digital collateral, Haraka enables micro-entrepreneurs to secure loans in stablecoins without the need for bank accounts, physical collateral, or complex credit histories.

Protocol

Stablecoins