Tether's USDT is the leading stablecoin, maintaining a 1:1 peg with the U.S. dollar, backed primarily by U.S. Treasury bills.
| Symbol | USDT |
| Peg | USD |
| Backing | Fiat backed |
| Status | Active |
| Launched | 2014 |
| Networks | L1 EVM Ethereum, Celo L1 non EVM Tron, Solana, Aptos, Cosmos, Kaia, Near, Polkadot, Tezos, TON L2 Arbitrum, Base, Optimism |
| Specifications | Backing U.S. Treasury bills, cash equivalents, and other assets Auditor BDO Italia Reserve reporting Tether publishes live reserve and transparency figures at tether.to/transparency. Formal assurance reports by BDO Italia have historically been issued periodically (approximately quarterly). Redemption USDT can be redeemed for USD through Tether's platform, subject to terms of service. Minimum redemption $100,000 KYC required Yes |
| Use cases | Payments, Trading, DeFi collateral, Remittances |
| Reserve composition | US treasuries pct 61.23 Cash equivalents pct 13.67 Other pct 25.1 As of 2026-06-30 Source url https://assets.ctfassets.net/vyse88cgwfbl/2kYf7r64h3tzwiu6F0CbUB/2997abd2f11ecea74a21528048b50707/Opinion___Report_-_Tether_International_Financial_Figure_30-06-2026.pdf |
| Regulatory status | Jurisdiction El Salvador · License type DASP / Stablecoin Issuer · Status Licensed · Issued 2025 |
| Chain | Supply |
|---|---|
| Tron | $92.2B |
| Ethereum | $71.6B |
| BSC | $9.2B |
| Solana | $2.6B |
| Arbitrum | $803M |
| Plasma | $725M |
| Polygon | $719M |
| TON | $500M |
| Mantle | $447M |
| Aptos | $377M |
| Avalanche | $366M |
| OP Mainnet | $191M |
| Kaia | $183M |
| X Layer | $135M |
| Celo | $84M |
| Fantom | $83M |
| Omni | $80M |
| Hyperliquid L1 | $55M |
| Ink | $47M |
| Near | $39M |
| Monad | $37M |
| Polkadot | $37M |
| Mixin | $32M |
| Kava | $30M |
| Tezos | $27M |
| Berachain | $24M |
| Flare | $23M |
| Conflux | $20M |
| Stable | $19M |
| Tempo | $11M |
| OKTChain | $9M |
| KCC | $9M |
| Morph | $9M |
| Sui | $8M |
| Unichain | $8M |
| Linea | $7M |
| Scroll | $4M |
| Injective | $4M |
| PulseChain | $4M |
| Rootstock | $3M |
| Starknet | $3M |
| Katana | $2M |
| ZKsync Era | $2M |
| MegaETH | $2M |
| Manta | $2M |
| Sei | $2M |
| ICP | $2M |
| Vaulta | $2M |
| Metis | $1M |
| Aurora | $1M |
| IoTeX | $1M |
| Chain | Address |
|---|---|
| Aptos | 0x357b0b74bc833e95a115ad22604854d6b0fca151cecd94111770e5d6ffc9dc2b |
| Avalanche | 0x9702230a8ea53601f5cd2dc00fdbc13d4df4a8c7 |
| Celo | 0x48065fbbe25f71c9282ddf5e1cd6d6a887483d5e |
| Ethereum | 0xdac17f958d2ee523a2206206994597c13d831ec7 |
| Kava | 0x919c1c267bc06a7039e03fcc2ef738525769109c |
| Klay Token | 0xd077a400968890eacc75cdc901f0356c943e4fdb |
| NEAR Protocol | usdt.tether-token.near |
| Solana | Es9vMFrzaCERmJfrF4H2FYD4KCoNkY11McCe8BenwNYB |
| Tezos | KT1XnTn74bUtxHfDtBmm2bGZAQfhPbvKWR8o |
| The Open Network | EQCxE6mUtQJKFnGfaROTKOt1lZbDiiX1kCixRv7Nw2Id_sDs |
| Tron | TR7NHqjeKQxGTCi8q8ZY4pL8otSzgjLj6t |
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.
USDT allows users to redeem tokens for USD through Tether's platform, subject to terms of service.
Tether's reserves include U.S. Treasury bills and cash equivalents.
Tether's USDT is the leading stablecoin, maintaining a 1:1 peg with the U.S. dollar, backed primarily by U.S. Treasury bills.
U.S. Treasury bills, cash equivalents, and other assets
USDT is recorded on 14 networks, including Ethereum, Celo, Tron, Solana, Aptos, Cosmos.
USDT has a market capitalization of $180.9B as of 29 October 2026.
The most recent recorded depeg for USDT occurred on 12 May 2022, when its price fell to $0.9485.