A THz waveguide is described, comprising four conductive wires separated by an air gap, the THz waveguide allowing low-loss and dispersion-free propagation of a THz signal. The system for terahertz polarization-division multiplexing comprises at least two THz sources, a THz waveguide and a THz receiver, wherein said THz waveguide comprises four conductive wires separated by an air gap; THz pulses from the THz sources being coupled into the THz waveguide; the THz waveguide transmitting the THz pulses independently, the THz waveguide operating as a broadband polarization-division multiplexer. The method for terahertz polarization-division multiplexing, comprising multiplexing THz pulses from terahertz sources in free-space, coupling resulting multiplexed THz pulses into a THz waveguide comprising four conductive wires separated by an air gap; and demultiplexing the multiplexed THz pulses after propagation in the waveguide.