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Tether

Stablecoin · Fiat-Backed Regulated · USDT

NetworkStablecoinFiat-Backed RegulatedMulti-ChainHybrid-Chain1 coinsAudited

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

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+0.0% 24h

Latest data · 15 min delay

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Risks identified

  • 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.

Research agent