Catenaa, Thursday, December 18, 2025- Stablecoin issuer Tether has launched PearPass, a peer-to-peer password manager designed to keep user credentials off centralized servers and reduce exposure to cloud-based security breaches.
The company said PearPass stores passwords directly on user devices and relies on device-level encryption with peer-to-peer synchronization.
Credentials remain on a user’s hardware and are shared only across personal devices through encrypted channels, with no centralized storage or server infrastructure involved.
The launch follows a rise in large-scale data leaks tied to cloud-hosted password managers and identity services.
Tether said removing server-hosted vaults eliminates a common failure point that has left millions of accounts exposed in recent years.
PearPass uses end-to-end encryption and open-source cryptographic libraries, according to the company.
Tether said the application has completed an independent security audit and can operate without disruption during network outages or in restricted environments because it does not depend on cloud connectivity.
The password manager includes local-only storage, a built-in password generator, peer-to-peer syncing between devices and key-based recovery tools.
Tether said the app will be offered free of charge across major operating systems.
PearPass is the first open-source release under Tether’s Pears initiative, a broader effort to develop consumer software that prioritizes user control over data and authentication.
The company said the project reflects a longer-term shift toward decentralized tools that reduce reliance on intermediaries.
The launch adds to Tether’s expanding footprint beyond stablecoin issuance. The company has recently backed payments infrastructure projects and explored new financial products as it seeks growth outside its core USDT business.
