<ul data-eligibleForWebStory="true">Tether CEO launched an offline password manager in response to a recent massive credential leak affecting major platforms.Over 16 billion passwords were exposed in the breach, raising concerns about fraud and identity theft.The incident has been labeled 'unprecedented' by cybersecurity experts, highlighting risks associated with cloud infrastructure.The new password manager, PearPass, stores user credentials locally to avoid cloud vulnerabilities and potential hacking threats.PearPass operates offline, distinguishing itself from traditional password managers that utilize centralized cloud storage.The tool will be open-source, emphasizing transparency and community oversight for user security.Users will have the ability to generate and manage strong passwords on their devices, ensuring data never leaves local storage.PearPass aims to provide users with control over their digital keys, offering enhanced security in the face of increasing data breaches.