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Tether, on December 18, introduced PeerPass, a free peer-to-peer password manager that stores credentials exclusively on users’ devices and syncs them directly between trusted devices, eliminating cloud servers to reduce the risk of large-scale data breaches.
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
PeerPass is Tether’s new open-source password manager, launched on December 17, 2025, that stores credentials exclusively on users’ devices and syncs them directly peer-to-peer, eliminating cloud servers and centralized storage to remove the risks of large-scale breaches.
The app uses end-to-end encryption powered by open-source cryptographic libraries and requires no account creation or central server interaction. Users add devices via QR code pairing for secure syncing, with all data remaining local even during transfers. PeerPass is available immediately on Windows, macOS, Linux, iOS, and Android. PeerPass is the first fully open-source product from Tether’s Pear ecosystem, aimed at privacy and resilience against centralized control.
This marks Tether’s second non-crypto privacy product in as many weeks, following the December 11 launch of QVAC Health, an AI-assisted fitness tracker that processes data entirely on-device. CEO Paolo Ardoino positioned both as part of an expansion into “privacy-first consumer tools,”. According to the statement, “Centralized cloud storage has proven repeatedly vulnerable. PeerPass removes that single point of failure.”
On X, some reactions praised the approach, though some questioned long-term sync reliability without any backend. Nicolas Morout points out the confusion, writing on X, “Tether, the company behind $USDT, is now building a decentralized tool for your passwords. “Even we don’t want to hold your data.” If even password managers can’t secure the cloud, who can?”
Yesterday, LastPass was fined $1.6 million for cloud security failures.
Today, @Tether_to launches PearPass.A p2p password manager:▫️Zero cloud ▫️Zero servers ▫️Zero middlemen
Your passwords stay only on your devices. Synchronization happens directly between your devices,… pic.twitter.com/54C0haHf9s
— Nicolas Mourot (@cryptonick222) December 17, 2025
The timing of the launch coincides with heightened awareness of cloud risks across the ecosystem. In November 2025, 23andMe breach exposed 7 million users’ genetic data, while Change Healthcare’s ransomware attack in February 2025 disrupted U.S. healthcare billing for weeks.
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