Tether
Stablecoin · Fiat-Backed Regulated · USDT
Tether issues USDT, a fiat-backed dollar stablecoin redeemable 1:1 against reserves held in cash, cash equivalents, and short-term U.S. Treasuries.
The largest stablecoin by circulating supply.
Circulating supply
$184.26B
+0.0% 24h
Latest data · 15 min delay
AI Agent Skill
Machine-readable protocol knowledge for agents
Tether — Research Skill
The largest stablecoin by circulating supply.
tether · v1.0.0
Facts
| category | Network |
| symbol | USDT |
| tagline | The largest stablecoin by circulating supply. |
| arbitrumNative | no |
| chains | Ethereum, Tron, Solana, Arbitrum, Polygon, BNB Chain |
| security | audited (OZ-derived · reported audited (no public link)) |
| memberCoins | 1 (USDT) |
| tvl | $184.26B |
| universalMetricsSyncedAt | 2026-07-03T17:04:59Z |
Sections
Overview
Tether issues USDT, a fiat-backed dollar stablecoin redeemable 1:1 against reserves held in cash, cash equivalents, and short-term U.S. Treasuries.
What makes it different
Deepest exchange liquidity and broadest chain deployment of any stablecoin; reserve attestations published by BDO / Moore Cayman.
Components
- Tether core product: Tether issues USDT, a fiat-backed dollar stablecoin redeemable 1:1 against reserves held in cash, cash equivalents, and short-term U.S. Treasuries.
Member coins
- Tether USD (USDT) — Stablecoin, Primary fiat-backed dollar
Risks
- Smart Contract: On-chain logic upgrades, bugs, or parameter errors can impair user funds. - Market: Token, collateral, or peg volatility affects protocol solvency and user outcomes. - Liquidity: Thin markets make exits, liquidations, or redemptions harder during stress. - Peg: Stablecoin may de-peg under reserve, liquidity, or confidence stress.
Actions
| Name | Signature | Access |
|---|---|---|
getProfile Read the CanHav profile for Tether. | research_getEntity({ slug: "tether" }) | read-only |
listMembers List the member coins (stablecoins / tokens / RWAs) under this network. | research_listByCategory({ category: "networks" }) | read-only |
readLiveMetrics Read live on-chain supply / metadata for a member contract (Arbitrum). | chain_readLive({ address: "0x..." }) | read-only |
getHistory Pull historical peg / TVL series for a member protocol. | research_getHistory({ slug: "<member-slug>", metric: "peg" | "tvl" }) | read-only |
Glossary
- TVL
- Total value locked — assets held or managed by a protocol, in USD.
- APR
- Annual percentage rate — yield before compounding.
- RWA
- Real-world asset — an off-chain asset represented as an on-chain token.
- ERC-8004
- Trustless-agent identity standard; an agent's portable on-chain identity (ERC-721).