USDT
Tether USDT
active
Fiat Backed
USD
Market Cap $184.5B
Tether's USDT is the leading stablecoin, maintaining a 1:1 peg with the U.S. dollar, backed primarily by U.S. Treasury bills.
Key Data
| Backing | U.S. Treasury bills, cash equivalents, and other assets |
| Auditor | BDO Italia |
| Reserve Reporting | quarterly |
| Redemption | USDT can be redeemed for USD through Tether's platform, subject to terms of service. |
| Min. Redemption | $100,000 |
| KYC Required | Yes |
| Peg Currency | USD |
| Launched | 2014 |
Supported Networks
Cross-Chain Supply (DefiLlama · $184.4B total)
Smart Contracts
Ethereum
0xdAC17F958D2ee523a2206206994597C13D831ec7
Tron
TR7NHqjeKQxGTCi8q8ZY4pL8otSzgjLj6t
Solana
Es9vMFrzaCERmJfrF4H2FYD4KCoNkY11McCe8BenwNYB
Regulatory Status
| Jurisdiction | License | Status | Year |
|---|---|---|---|
| El Salvador | DASP / Stablecoin Issuer | licensed | 2024 |
Depeg History
| Date | Low Price | Duration | Cause |
|---|---|---|---|
| 2022-05-12 | $0.9485 | 8h | LUNA/UST contagion |
Use Cases
PaymentsTradingDefi CollateralRemittances
Overview
Tether's USDT is the largest stablecoin by market capitalization, launched in 2014. It is designed to maintain a 1:1 peg with the U.S. dollar.
How It Works
USDT allows users to redeem tokens for USD through Tether's platform, subject to terms of service.
Reserve Backing
Tether's reserves include U.S. Treasury bills and cash equivalents, with a record $122 billion in U.S. Treasury holdings by the end of 2025.
Supported Networks
USDT is issued on multiple blockchains, including Ethereum, Tron, Solana, and others, with recent expansions to additional networks like Aptos and Polkadot.
Related Coverage
Other USD Stablecoins
Data source: CoinGecko ↗