Tether
Jurisdiction: United States
About Tether
Tether Holdings operates a platform to store, send, and receive local currency person to person globally.
Number of Investments: 5
Focus area
- Payments: 37.5%
- Mining Solutions: 25%
- Lending/Borrowing: 12.5%
- Mobile: 12.5%
- BNB Chain Ecosystem: 12.5%
Focus area
Payments
Preferred Stage:
STRATEGIC
Main Funding Location:
Georgia
Avg. Rounds Size:
20M - 50M
Learn More About Tether
Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner. Tether works to disrupt the conventional financial system via a more modern approach to money.
Tether has made headway by giving customers the ability to transact with traditional currencies across the blockchain, without the inherent volatility and complexity typically associated with a digital currency. As the first blockchain-enabled platform to facilitate the digital use of traditional currencies (a familiar, stable accounting unit), Tether has democratized cross-border transactions across the blockchain.
Tether Funding rounds
| Name | Date | Raised | Total Raised | Stage |
|---|---|---|---|---|
 Oobit | 5 February 2024 | $25000000 | $25000000 | SERIES A |
 Bitdeer | 31 May 2024 | $150000000 | $150000000 | STRATEGIC |
 XREX | 5 June 2024 | $18750000 | $18750000 | STRATEGIC |
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