Tether has introduced a new open-source password manager that operates entirely offline, offering users a secure way to manage their passwords. However, some security concerns have been raised. The default password length is set at only 8 characters, which is considered too short for optimal security. Additionally, the exported Vault files are in plaintext, raising potential security risks. Users are also anticipating future updates that might include features like encrypted storage for wallet seed phrases, similar to services like 1Password.