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
Stablecoin metrics
Live circulating supply (DeFi Llama) plus curated reserves, peg mechanism, and risk facts.
Circulating supply
$184.26B
Member supply sum
# Chains
6
Curated deployment
Reserves, peg & risk
Peg mechanism
Fiat reserve, 1:1 mint/redeem.
Reserves / collateral
Cash, cash equivalents, and short-term U.S. Treasuries.
Audit / attestation history
Quarterly attestations (BDO / Moore Cayman).
Chains · EVM: mixed
Deployment notes
USDT native on Tron and many EVM chains; largest stablecoin by supply.
Reserve composition
Reserve custodian
Multiple regulated custodians
Attestation cadence
quarterly
Attestor
BDO / Moore Cayman
| Symbol | Name | Role | Class |
|---|---|---|---|
| USDT | Tether USD | Primary fiat-backed dollar | Stablecoin |
Sources
Attestation page
https://tether.to/en/transparency