Tether

Tether (tether.to) — Category: CEX (centralized issuer)

Tether is the centralized operator best known for issuing USD₮ (USDT), a U.S. dollar–pegged stablecoin widely used across crypto trading venues for settlement, collateral, and cross-exchange transfers. (en.wikipedia.org)

Overview

• Website: https://tether.to (official home of Tether) (tether.to)
• What it is: A centralized stablecoin issuer (not a decentralized protocol), operating a family of fiat- and commodity-referenced tokens. (cryptoslate.com)
• Corporate linkage: Tether is commonly described as being under/owned by iFinex, the group associated with the Bitfinex cryptocurrency exchange. (en.wikipedia.org)

Main products

• USD₮ (USDT): flagship dollar-pegged stablecoin. (tether.io)
• XAU₮ (Tether Gold): token designed to represent ownership of physical gold bullion. (en.wikipedia.org)

Why it fits a “CEX” bucket in directories

Although Tether is not an exchange in the classical “order-book trading” sense, it is typically categorized alongside centralized crypto infrastructure because issuance, redemption, and policy controls (e.g., compliance actions on supported chains) are administered by a centralized entity rather than by on-chain governance. (cube.exchange)