- Tether introduces PearPass, enhancing privacy and security for users.
- PearPass offers end-to-end encryption and peer-to-peer device sync.
- Passed an independent security audit; supports open-source verification.
Tether has launched PearPass, an open-source password manager, introducing a novel, cloud-free approach to password security with enhanced user control and privacy on October 2023.
The platform empowers users by eliminating cloud storage vulnerabilities, enhancing security through local storage and peer-to-peer synchronization, receiving an independent security audit by Secfault Security.
Tether’s PearPass Enhances User Privacy with Local Storage
With the introduction of PearPass, Tether emphasizes a shift towards more secure and private technology solutions. The tool promises a cloud-free experience, storing data solely on user devices and allowing synchronization across multiple platforms without Internet-based servers. Insights from CryptoRank.io indicate PearPass’s alignment with decentralized and user-centric tools.
Reactions among users and experts highlight a strong approval for eliminating single points of failure in digital security. Paolo Ardoino, CEO of Tether, stressed the importance of avoiding cloud vulnerabilities in a public statement, aligning with community calls for stronger data protection.
Secrets stored in the cloud do not truly belong to their owner. With PearPass, we are eliminating the single point of failure and ensuring there are no backdoors, no centralized data honeypot, and no way for third parties to seize or tamper with user data. – Paolo Ardoino, CEO, Tether
Market Impact: Tether’s Dominance and PearPass Adoption
Did you know? PearPass strengthens privacy by omitting cloud storage, a measure aligned with industry trends prioritizing decentralized and user-centric tools.
According to CoinMarketCap, Tether USDt maintains a stable price at $1.00. The market cap registers at $186.25 billion with a trading volume of $91.91 billion, reflecting a 6.41% market dominance. Recent price changes indicate a slight decrease of 0.03% over 24 hours with a marginal 90-day drop of 0.05%.
Insights from the Coincu research team suggest that PearPass reinforces Tether’s commitment to self-custody, a trend recognized across the crypto landscape. By leveraging open-source security, PearPass may bolster user trust and influence wider adoption of decentralized solutions.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
No tags available.
Other Posts
- Amplify 2024: Ohio’s Premier Blockchain Summit
- Polymarket Announces U.S. Beta Relaunch Amid Market Buzz
- U.S. Treasury Proposes New Tax Relief Regulations
- Radiant Capital Faces $50M Loss in Major Security Breach
- SEGG Media Unveils $300 Million Crypto Reserve Plan
- 21Shares Files S-1 With SEC to Launch Hyperliquid ($HYPE) ETF
- Hong Kong Sentences Influencer for Unlicensed Investment Advice
- Franklin Templeton Signals TradFi and Crypto Integration
- Circle Mints $500 Million USDC on Solana Blockchain
- Michael Saylor Denies Bitcoin Sell-Off Amid Large BTC Transfer
- Circle Focuses on Expanding USDC Use in Hong Kong
- Western Union Trials Stablecoin System for Remittance Innovation
- GMGN Completes Compensation for MEV-Affected Users
- Is MetaMask Preparing for Its Long-Awaited MASK Token Airdrop?
- BitMine Expands Ethereum Holdings to $13B With Major Weekly Purchase
- U.S. House Passes Temporary Funding Bill for Continued Operations
- DeXe Protocol Begins Trading on Aster Platform
- Federal Reserve Reaffirms Neutral Stance on Cryptocurrencies
- Balancer Hacks: 2,000 ETH Laundered via Tornado Cash
- MetaMask Teams Up with Polymarket for Prediction Markets
- Amplify 2024: Ohio’s Premier Blockchain Summit
- Polymarket Announces U.S. Beta Relaunch Amid Market Buzz
- U.S. Treasury Proposes New Tax Relief Regulations
- Radiant Capital Faces $50M Loss in Major Security Breach
- SEGG Media Unveils $300 Million Crypto Reserve Plan
- 21Shares Files S-1 With SEC to Launch Hyperliquid ($HYPE) ETF
- Hong Kong Sentences Influencer for Unlicensed Investment Advice
- Franklin Templeton Signals TradFi and Crypto Integration
- Circle Mints $500 Million USDC on Solana Blockchain
- Michael Saylor Denies Bitcoin Sell-Off Amid Large BTC Transfer
- Circle Focuses on Expanding USDC Use in Hong Kong
- Western Union Trials Stablecoin System for Remittance Innovation
- GMGN Completes Compensation for MEV-Affected Users
- Is MetaMask Preparing for Its Long-Awaited MASK Token Airdrop?
- BitMine Expands Ethereum Holdings to $13B With Major Weekly Purchase
- U.S. House Passes Temporary Funding Bill for Continued Operations
- DeXe Protocol Begins Trading on Aster Platform
- Federal Reserve Reaffirms Neutral Stance on Cryptocurrencies
- Balancer Hacks: 2,000 ETH Laundered via Tornado Cash
- MetaMask Teams Up with Polymarket for Prediction Markets
- Amplify 2024: Ohio’s Premier Blockchain Summit
- Polymarket Announces U.S. Beta Relaunch Amid Market Buzz
- U.S. Treasury Proposes New Tax Relief Regulations
- Radiant Capital Faces $50M Loss in Major Security Breach
- SEGG Media Unveils $300 Million Crypto Reserve Plan
- 21Shares Files S-1 With SEC to Launch Hyperliquid ($HYPE) ETF
- Hong Kong Sentences Influencer for Unlicensed Investment Advice
- Franklin Templeton Signals TradFi and Crypto Integration
- Circle Mints $500 Million USDC on Solana Blockchain
- Michael Saylor Denies Bitcoin Sell-Off Amid Large BTC Transfer
- Circle Focuses on Expanding USDC Use in Hong Kong
- Western Union Trials Stablecoin System for Remittance Innovation
- GMGN Completes Compensation for MEV-Affected Users
- Is MetaMask Preparing for Its Long-Awaited MASK Token Airdrop?
- BitMine Expands Ethereum Holdings to $13B With Major Weekly Purchase
- U.S. House Passes Temporary Funding Bill for Continued Operations
- DeXe Protocol Begins Trading on Aster Platform
- Federal Reserve Reaffirms Neutral Stance on Cryptocurrencies
- Balancer Hacks: 2,000 ETH Laundered via Tornado Cash
- MetaMask Teams Up with Polymarket for Prediction Markets
Latest
Press Release
VELADUR Review 2025: Eduard Becker and Thomas Willson on Trust, Features, and Expert Ratings
ASI:Cloud Exits Beta And Starts Delivering Enterprise-Grade AI Workloads
