Tether Introduces PearPass: From Stablecoin to Decentralized Technology

New Serverless Password Manager

Tether, the leading issuer of the stablecoin USDT, has just announced PearPass – a password manager built entirely on a P2P (peer-to-peer) model. This product marks Tether’s shift from solely issuing stablecoins to becoming a comprehensive security technology provider.

Unlike traditional password managers that store data on centralized cloud servers, PearPass keeps login information entirely on the user’s device. Data is synchronized across devices via end-to-end encrypted connections, eliminating the risks associated with large-scale leaks and attacks on traditional services.

Open-Source Technology-Based Security Architecture

This password manager is equipped with proprietary technology including P2P synchronization, an integrated password generator, and encryption using audited open-source libraries. The account recovery mechanism uses the user’s private key, similar to a non-custodial cryptocurrency wallet model.

Tether announced that the app has been fully audited by the community and underwent independent security assessments from Secfault Security – a firm specializing in attack analysis and cryptography. PearPass will be offered for free on major platforms, starting with support for popular browsers, and is designed to remain operational even during disruptions.

Part of the Larger Pear Ecosystem

PearPass is the first open-source application within Pear – a technology platform supported by Tether, focused on P2P tools for sovereignty, privacy, and security. Pear provides an environment for running and developing modules to build applications entirely without centralized servers, through collaboration between Tether, Holepunch, and Hypercore.

Within this ecosystem, Holepunch acts as a platform for building serverless applications, while Keet is an encrypted voice and messaging app that operates directly between devices. Recently, Holepunch and Synonym also launched Pear Credit – a P2P credit protocol enabling the issuance of gift cards, rewards, and credit protected by encryption. To date, the Pear ecosystem has developed at least 5 P2P applications.

Tether Expands Beyond Stablecoin

PearPass is just one part of Tether’s growing portfolio of products and investments in technology infrastructure, AI, and cybersecurity. The company has established dedicated units, including Tether Data, to develop technological platforms and AI tools such as decentralized AI SDK, translation services, voice assistants, and Bitcoin wallet assistants – all running locally on user devices.

These moves position Tether as a comprehensive technology provider focused on user-controlled systems, prioritizing local security over centralization.