USDT Icon

$USDT

USDT is Tether’s stablecoin that is pegged 1:1 to the U.S. dollar. It was launched in 2014 and is backed by Tether’s reserves. It offers price stability, fast and low-cost transfers, and high liquidity.

Stablecoins
Non-U.S. Institutional InvestorU.S. Qualified Institutional Buyer (QIB)
Explore issuer purchase options or request access through RWA.xyz.

Market Cap

$174.46B

▼4.44%from 30d ago

Price

$1.00

▲+0.00%from 30d ago

Holders

235,168,063

▲+2.20%from 30d ago

Monthly Transfer Volume

$5.23T

▲+230.03%from 30d ago

Monthly Active Addresses

40,209,859

▲+2.46%from 30d ago

Tether USDt

Return Target

Not supplied yet.

Asset Class

Stablecoins

Exposure

Commodities - Gold, Corporate Credit, Cryptocurrencies - BTC, US Treasury Debt USDT is Tether’s stablecoin that is pegged 1:1 to the U.S. dollar. It was launched in 2014 and is backed by Tether’s reserves. It offers price stability, fast and low-cost transfers, and high liquidity.

Liquidity

Acquisition fee 0.1%; minimum 100,000 USD; non-refundable 150 USD verification fee (paid in Tether tokens); accounts approved at Tether's sole discretion Redemption fee greater of $1,000 or 0.1%; minimum 100,000 USD; 150 USD verification fee

Asset Manager

Asset manager details have not been supplied yet.

Management Team

Management team details have not been supplied yet.

Tether USDt Metrics

Fees

Management fee
0%
Performance fee
0%
Subscription fee
0.10%
Redemption fee
0.10%

Subscriptions & Redemptions

Funding option
USD
Eligible Investors
Non-U.S. Institutional Investor, U.S. Qualified Institutional Buyer (QIB)
KYC required
Yes

Subscriptions

Subscription frequency
Daily
Min. Investment
100,000 USD
Subscription process
Acquisition fee 0.1%; minimum 100,000 USD; non-refundable 150 USD verification fee (paid in Tether tokens); accounts approved at Tether's sole discretion

Redemptions

Redemption frequency
Daily
Minimum Redemption Amount
100,000 USD
Redemption & notice requirements
Redemption fee greater of $1,000 or 0.1%; minimum 100,000 USD; 150 USD verification fee

Collateral & Investor Protections

Accounts segregated
No
Holdings bankruptcy remote
No
Custody arrangements
Cantor Fitzgerald, Deltec Bank & Trust, Ansbacher Limited, Capital Union Bank, Far East International Bank, Capital Union, Others.
Account segregation details
Tether does not maintain segregated accounts for assets held on behalf of USDT holders. Tether’s assets are distributed across several associated entities. These assets are not bankruptcy remote
Bankruptcy protection details
Tether does not maintain segregated accounts for assets held on behalf of USDT holders. Tether’s assets are distributed across several associated entities. These assets are not bankruptcy remote

Legal Structure & Regulation

Legal issuer
Tether Holdings Ltd
Tokenization Sponsorship
Issuer-Sponsored
Legal structure
S.A. de C.V. (El Salvador)
Regulatory Framework

El Salvador Digital Asset Law (LEAD)

CNAD - El Salvador National Commission of Digital Assets

Regulatory jurisdiction
El Salvador
Inception date
11/28/2017
Denomination
USD

Service Providers

Auditor
BDO Italia iconBDO Italia

Assessments & Ratings

Provider
Rating
Document
S&P Global Ratings

USDT Borrow / Lend Markets
BETA

Lowest borrow APY
0.00%
Available to borrow
$4.7M
Active loans
$3.9M
% Pledged of AUM
0.0%
Borrow
Market
Borrow APY
Max LTV · liq.
Net APY at max
Available to borrow
wstETH
Ethereum Logo
Ethereum · EVK Vault ewstETH-2
0.09%
81%
5.2× · liq. 83%
—
$2.6M (of $3.1M)
15% utilized
WBTC
Ethereum Logo
Ethereum · EVK Vault eWBTC-3
0.04%
82%
5.5× · liq. 84%
—
$414.7K (of $427.8K)
3% utilized
Ethereum Logo
Ethereum · EVK Vault eUSDC-69
5.53%
94%
16.6× · liq. 95%
—
$337.1K (of $783.0K)
57% utilized
WETH
Ethereum Logo
Ethereum · EVK Vault eWETH-2
1.94%
85%
6.6× · liq. 87%
—
$328.5K (of $1.4M)
76% utilized
Ethereum Logo
Ethereum · EVK Vault eUSDC-22
1.83%
94%
16.6× · liq. 96%
—
$304.8K (of $423.2K)
28% utilized
Ethereum Logo
Ethereum · EVK Vault ereUSD-1
0.00%
95%
Highest
20× · liq. 96%
—
$219.7K (of $219.7K)
0% utilized
Ethereum Logo
Ethereum · EVK Vault ereUSDe-1
0.00%
Lowest
95%
Highest
20× · liq. 96%
—
$216.0K (of $225.5K)
0% utilized
Ethereum Logo
Ethereum · EVK Vault eUSDC-2
6.43%
94%
16.6× · liq. 96%
—
$185.9K (of $1.7M)
89% utilized
Ethereum Logo
Ethereum · EVK Vault eRLUSD-1
4.94%
94%
16.6× · liq. 96%
—
$39.2K (of $153.4K)
74% utilized
WBTC
Arbitrum Logo
Arbitrum · EVK Vault eWBTC-1
0.06%
84%
6.2× · liq. 86%
—
$12.6K (of $13.4K)
5% utilized
WETH
Arbitrum Logo
Arbitrum · EVK Vault eWETH-1
12.22%
85%
6.6× · liq. 87%
—
$12.4K (of $173.2K)
93% utilized
cbBTC
Ethereum Logo
Ethereum · EVK Vault ecbBTC-3
0.34%
80%
5× · liq. 82%
—
$8.5K (of $16.2K)
48% utilized
Arbitrum Logo
Arbitrum · EVK Vault eUSDC-6
5.70%
94%
16.6× · liq. 95%
—
$5.7K (of $16.4K)
65% utilized
Arbitrum Logo
Arbitrum · EVK Vault eUSDC-1
3.47%
94%
16.6× · liq. 96%
—
$5.4K (of $25.0K)
78% utilized
wARS
Ethereum Logo
Ethereum
0.23%
77%
4.3× · liq. 77%
—
$5.4K (of $12.5K)
57% utilized
Ethereum Logo
Ethereum · EVK Vault eUSDe-6
3.19%
94%
16.6× · liq. 96%
—
$3.5K (of $6.9K)
48% utilized
Ethereum Logo
Ethereum · EVK Vault eUSDtb-2
14.46%
94%
16.6× · liq. 96%
—
$1.8K (of $23.9K)
93% utilized
wstETH
Arbitrum Logo
Arbitrum · EVK Vault ewstETH-1
0.31%
82%
5.5× · liq. 84%
—
$1.0K (of $1.2K)
16% utilized
Data as of Nov 15, 2026

USDT Secondary Markets
BETA

24h volume
$47.3B
+2% depth
$364.1M
−2% depth
$350.9M
Markets
29
Pair
Exchange
Price
Spread
+2% depth
−2% depth
24h volume
Volume %
BTCBTC/USDT
BTCC
CEX
$0.999455
0.01%
$18.4M
$17.4M
$4.6B
9.64%
BTCBTC/USDT
$0.999455
0.01%
$29.5M
$30.4M
$3.0B
6.42%
BTCBTC/USDT
$0.999455
0.01%
$19.6M
$20.5M
$2.7B
5.75%
BTCBTC/USDT
$0.999455
0.01%
$20.5M
$14.7M
$2.7B
5.74%
BTCBTC/USDT
KCEX
CEX
$0.999455
0.01%
$20.7M
$18.8M
$2.5B
5.34%
ETHETH/USDT
$0.999455
0.01%
$10.9M
$15.6M
$2.2B
4.70%
ETHETH/USDT
BTCC
CEX
$0.999455
0.01%
$8.7M
$7.2M
$2.2B
4.57%
BTCBTC/USDT
$0.999455
0.02%
$420.9K
$63.3K
$2.1B
4.35%
BTCBTC/USDT
$0.999455
0.01%
$12.8M
$11.7M
$1.9B
4.09%
BTCBTC/USDT
$0.999455
0.01%
$8.4M
$10.8M
$1.6B
3.39%
BTCBTC/USDT
Gate
CEX
$0.999455
0.01%
$28.2M
$18.9M
$1.6B
3.34%
BTCBTC/USDT
$0.999455
0.01%
$15.0M
$21.7M
$1.5B
3.23%
USDCUSDC/USDT
$0.999455
0.01%
$24.3M
$23.9M
$1.5B
3.07%
BTCBTC/USDT
$0.999455
0.01%
$14.5M
$15.8M
$1.4B
2.87%
BTCBTC/USDT
WEEX
CEX
$0.999455
0.01%
$23.7M
$20.6M
$1.4B
2.87%
BTCBTC/USDT
$0.999455
0.01%
$7.7M
$7.9M
$1.3B
2.78%
BTCBTC/USDT
OKX
CEX
$0.999455
0.01%
$9.7M
$9.0M
$1.3B
2.76%
BTCBTC/USDT
$0.999455
0.01%
$13.4M
$6.7M
$1.3B
2.64%
BTCBTC/USDT
$0.999455
0.01%
$4.2M
$5.9M
$1.2B
2.60%
BTCBTC/USDT
$0.999455
0.01%
$720.6K
$845.5K
$1.2B
2.47%
BTCBTC/USDT
$0.999455
0.01%
$16.4M
$14.8M
$1.1B
2.43%
ETHETH/USDT
$0.999455
0.01%
$8.4M
$9.6M
$1.1B
2.35%
ETHETH/USDT
$0.999455
0.07%
$6.8M
$3.8M
$999.5M
2.11%
BTCBTC/USDT
$0.999455
0.01%
$17.6M
$16.0M
$894.2M
1.89%
BTCBTC/USDT
$0.999455
0.01%
$8.3M
$11.9M
$870.2M
1.84%
BTCBTC/USDT
$0.999455
0.02%
$1.6M
$2.5M
$843.9M
1.78%
HYPEHYPE/USDT
$0.999455
0.04%
$14.3K
$33.2K
$801.4M
1.69%
BTCBTC/USDT
$0.999455
0.01%
$11.7M
$11.9M
$798.2M
1.69%
ETHETH/USDT
$0.999455
0.01%
$1.8M
$2.3M
$763.0M
1.61%
Powered by CoinGeckoData as of Nov 15, 2026

Token & Networks

Underlying units per token
1
Tokenization type
Transferability
Transferable, with blacklist, Transferable within whitelist, Transferable without restrictions
Token supply
194,921,531,123.38
▼
Circulating supply
184,807,992,341.36
▼

Blockchain Networks

Network
Type
Tokenization
Type
Token Standard
Token Supply
Circulating Supply
Bridged Supply
Holders
Trailing 30D
Active Addresses
Monthly
Transfer Volume
Monthly
Transfer Count
Contract Address
Native
—
93,936,842,973.15
Native
—
84,297,097,722.81
▼
Bridge
ERC-20
9,184,991,536.51
▼
Native
SPL
3,839,903,039.92
▼
Bridge
ERC-20
854,880,236.49
▲
Native
ERC-20
847,205,574.05
▼
Bridge
ERC-20
702,581,025.87
▼
Native
Aptos-FA
629,832,921.98
▼
Native
ERC-20
470,000,001.00
Bridge
ERC-20
121,933,559.30
▼
Bridge
ERC-20
27,669,936.58
▼
Bridge
TIP-20
7,757,080.89
▼
Bridge
Aptos-FA
787,275.80
▼
Bridge
Aptos-FA
42,023.76
▲
Bridge
ERC-20
6,215.27
▼

Holders

All networks · changes vs. 30 days ago

Holding addresses
235,168,063▲+0.02%
Active (30D)
40,209,859▲+0.02%

View detailed token
holder breakdowns

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Holders Product Screenshot