Tether Unveils PearPass as Crypto Security Risks Rise

As digital asset theft and online scams continue to grow, Tether has recently introduced a new security tool aimed at giving users more control over their data. 

Announced earlier today, the stablecoin issuer launched PearPass, a free and open-source password manager. The tool is designed to protect crypto users from theft and unauthorized access.

PearPass Focuses on User-Controlled, Decentralized Security

In a recent X post, Tether shared that PearPass is built around a simple idea: sensitive data should stay with the user. Tether explained that the password manager stores all passwords, logins, and private credentials only on the user’s own devices. No information is uploaded to external servers or cloud systems.

By removing centralized storage, PearPass limits exposure to server hacks, cloud leaks, surveillance risks, and internal company policies. Users retain full ownership of their data, with no third party holding or controlling their information.

One of the standout features of PearPass is its peer-to-peer synchronization. Users can connect multiple devices directly, without relying on intermediary servers. This approach allows secure syncing while avoiding the risks that often come with centralized infrastructure.

The newly launched software is also fully open-source. This allows developers and security experts to review the code, confirm its integrity, and ensure transparency. Tether positions this openness as a key trust factor for users who value verifiable security.

Part of Tether’s Broader Privacy Vision

Tether announced that PearPass is available across mobile devices, desktop systems, and browser extensions, starting with Google Chrome. 

The launch forms part of Tether’s wider expansion into decentralized and privacy-focused technologies under the Pears ecosystem.

According to the company, the long-term goal is to provide user-sovereign tools that function independently of large technology clouds and centralized control. PearPass represents a practical step toward that vision.

In addition to PearPass, Tether is growing beyond stablecoins. CEO Paolo Ardoino recently said the company has made its Wallet Development Kit (WDK) open-source. 

The modular toolkit helps developers build self-custody wallets on blockchains like Bitcoin, Lightning, Solana, and TON.

PearPass Launch Comes as Crypto Security Threats Rise

PearPass comes at a time when crypto security threats are increasing. This year has seen more scams, network attacks, and cases of theft and kidnappings linked to crypto.

A recent report said the Solana blockchain faced one of the biggest DDoS attacks ever, but it kept running without major issues. Ripple also issued warnings in May after identifying new scam tactics aimed at XRP users. 

The company noted that attackers are becoming more sophisticated and adapting quickly. In another major incident, Upbit suffered a breach that resulted in corporate losses of 54 billion won, equivalent to about $38 million.