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
On-chain logic upgrades, bugs, or parameter errors can impair user funds.
Token, collateral, or peg volatility affects protocol solvency and user outcomes.
Thin markets make exits, liquidations, or redemptions harder during stress.
Stablecoin may de-peg under reserve, liquidity, or confidence stress.
