Tether’s New Move Could Make Cloud Passwords Obsolete | US Crypto News
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Grab a coffee as USDT stablecoin issuer, Tether, pushes to change the way we protect our digital lives. A new approach promises to put control back in your hands, bypassing the cloud and leaving traditional password methods looking increasingly outdated.
Crypto News of the Day: Tether Just Unleashed A Secret Weapon Against Cloud BreachesTether has taken a bold step into cybersecurity with the launch of PearPass, a first-of-its-kind peer-to-peer password manager designed to eliminate reliance on cloud storage. The app:
- Keeps all credentials on users’ devices
- Removes centralized servers and intermediaries from the equation
- Gives users full control over their digital security.
The launch comes at a time when billions of login credentials have been leaked in high-profile breaches, exposing users to identity theft, financial loss, and other cyber risks.
Traditional cloud-based password managers, while convenient, have become attractive targets for hackers due to their centralized storage models.
PearPass addresses these vulnerabilities by storing all data locally on users’ devices and enabling encrypted, peer-to-peer synchronization across devices chosen by the user.
“Every major breach proves the same point: if your secrets live in the cloud, they’re not really yours…PearPass removes the single point of failure. No servers, no intermediaries, no back doors. Recovery and synchronization across devices happen peer-to-peer, under your control. This is security that can’t be switched off, seized, or compromised, because it was never in someone else’s hands to begin with,” read an excerpt in Tether’s announcement, citing CEO Paolo Ardoino.
PearPass combines ease of use with advanced security features. It includes a built-in password generator, end-to-end encryption powered by open-source cryptography, and a peer-to-peer architecture that ensures credentials are never exposed to third parties.
Recovery is entirely user-controlled through private keys, eliminating dependency on external systems.
PearPass Sets a New Standard for Decentralized, Open-Source SecurityAdditionally, PearPass is fully open-source and community-audited, enabling security experts and users to inspect, verify, and contribute to the software.
The platform has also reportedly undergone an independent security audit by Secfault Security, a firm specializing in offensive security and cryptographic analysis. This reinforces its resilience against real-world cyber threats.
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