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Rank #1USDTFiat-Backed
Tether
Pegged to
USD
Market Cap
$140.00B
24h Volume
$55.00B
Circulating Supply
140.00B USDT
Total Supply
140.00B USDT
Peg Target
USD
Collateral Type
Fiat-Backed
Issuer
Tether Limited
Launch Date
06-10-2014
About Tether
Tether (USDT) is the world's largest stablecoin by market capitalisation, pegged 1:1 to the US dollar. Issued by Tether Limited, USDT is backed by a mix of cash, cash equivalents, US Treasury bills, and other reserve assets. It is the most widely traded cryptocurrency by volume and serves as the primary trading pair and settlement layer across centralised and decentralised exchanges. USDT is available on virtually every major blockchain including Ethereum, Tron, Solana, and BNB Chain. Despite ongoing debates about its reserve transparency, Tether publishes quarterly attestation reports and remains the dominant stablecoin in both spot and derivatives markets.
Pros
- Highest liquidity and trading volume
- Available on virtually every exchange
- Supported on 10+ blockchain networks
- Strong integration with DeFi protocols
Cons
- Reserve composition transparency concerns
- Centralised issuer with regulatory risks
- Past controversies over reserve backing
- Not fully audited by major accounting firms
Key Features
Multi-chain availability on 10+ networks
Quarterly reserve attestation reports
Highest liquidity of any stablecoin
Supported by every major exchange
Used as primary quote currency in crypto trading
Instant settlement between supported chains
Stablecoin Information
Category
Fiat-BackedCollateral Type
Fiat-BackedIssuer
Tether Limited