Stablecoin giant Tether officially announced the launch of PearPass, a peer-to-peer (P2P) password manager designed to eliminate the risk of users' encrypted information being leaked in the cloud. Tether stated that existing password management tools generally rely on cloud storage, and if cloud services are compromised, sensitive user data may be exposed. PearPass uses a decentralized peer-to-peer architecture, eliminating the need to store passwords in the cloud, thus enhancing security and privacy. The official announcement stated that the product will initially support mainstream browsers and plans to further expand to mobile devices and other platforms. This move reflects the crypto industry's continued focus on innovation in user security tools.