Tether Limited was founded in 2014 by Brock Pierce, Craig Sellars, and Reeve Collins, headquartered in Hong Kong and operating under parent company iFinex Inc.
Key developments:
- 2014: Founded and launched USDT (Tether)
- 2015: Partnership with Bitfinex
- 2019: NY Attorney General investigation
- 2021: Settlement with NYAG ($18.5M)
- 2023: Increased transparency efforts
Ownership:
- Private company
- Part of iFinex Inc.
- CEO: Paolo Ardoino
- Close relationship with Bitfinex exchange
Key operations:
- Tether (USDT) stablecoin issuance
- Reserve management
- Compliance operations
- Multiple blockchain integrations
- Market operations
The company has evolved from a startup to become the operator of the world’s largest stablecoin, though has faced ongoing regulatory scrutiny and questions about reserve transparency.