Stablecoin issuer Tether announced the launch of PearPass, a peer-to-peer (P2P) password management application, where all account credentials are stored only on the user's local device and do not go through cloud servers, fundamentally eliminating the risk of centralized data breaches.

Tether stated that PearPass utilizes end-to-end encryption and a peer-to-peer synchronization architecture, with data synchronization between devices fully controlled by the user's keys, eliminating the need for third-party infrastructure or intermediaries. The product supports local credential storage, password generation, multi-device P2P synchronization, and a user-held key recovery mechanism, avoiding the issue of traditional cloud-based password managers becoming targets for attacks.

PearPass is the first open-source application from Tether's decentralized technology ecosystem Pears, aimed at providing a more censorship-resistant and long-term resilient digital security infrastructure, now available for free on mainstream platforms.