Stablecoin issuer Tether announced on December 17 the launch of PearPass, a new password management tool built on peer-to-peer (P2P) technology. Unlike traditional password managers that rely on centralized cloud servers, PearPass stores user credentials directly on individual devices, eliminating dependence on third-party infrastructure.

Introducing?? PearPass — the password manager that keeps your data on your devices.

No servers to hack. No cloud to leak.

Just pure local security.

Follow @Pears_p2p & Download the App https://t.co/gP9FIPn2dW pic.twitter.com/ObIuyfToMo

— Tether (@Tether_to) December 17, 2025

According to Tether, encrypted data is synchronized between devices using secure P2P connections, with no centralized servers, intermediaries, or custodians involved. The company says the design is intended to remove security vulnerabilities commonly associated with cloud-based password storage.

This approach aims to significantly reduce the risk of large-scale data breaches, a problem that has plagued centralized password managers for more than a decade.

Decentralized, Cloud-Free Password Management

PearPass is the first fully open-source application within Tether’s broader Pear ecosystem, signaling the company’s push toward transparency and verifiable security.

Key features include:

• Local-only storage of login credentials

• Strong password generation

• Encrypted P2P device-to-device synchronization

• Recovery using cryptographic keys rather than centralized accounts

P2P architecture allows devices to communicate directly, without routing data through a central server. Tether emphasized that it uses end-to-end encryption and open-source cryptographic libraries, ensuring that even Tether itself cannot access user data.

All credentials are encrypted before leaving a device, and synchronization occurs exclusively between authorized user devices. The company summarized its security philosophy as “no servers, no intermediaries, no backdoors.”

PearPass is currently available for free on major web browsers, with mobile platform support planned for future releases.

Strengthening Security and Digital Privacy

In a statement, Paolo Ardoino, CEO of Tether, warned about the risks inherent in cloud-based data storage.

“Every major breach proves the same thing: if your secrets live in the cloud, they are not truly yours,” Ardoino said.

He added that PearPass enables recovery and synchronization without gatekeepers, meaning data is never handed to third parties in the first place. This significantly lowers the risk of shutdowns, seizures, censorship, or external compromise.

Tether also confirmed that PearPass has completed independent third-party security audits, positioning the product as a response to growing concerns over massive credential leaks, identity theft, and financial losses in today’s cybersecurity landscape.

The launch aligns with increasing regulatory scrutiny of centralized data storage and rising demand for self-custody tools, particularly within the cryptocurrency sector. As more users adopt cold wallets and self-managed security solutions, Tether says it is investing in infrastructure designed to withstand long-term centralization pressure.

Traditional password managers have often become prime targets for hackers due to their centralized architectures. By eliminating single points of failure and granting users full control over passwords and recovery keys, PearPass aims to restore digital sovereignty.

Tether emphasized that its commitment to decentralized technology extends beyond stablecoins, highlighting PearPass as part of a broader strategy to promote privacy-first, censorship-resistant tools across multiple domains.