Tether USDT

$183.3B market cap

Issued by Tether · reviewed 16 September 2026

Market cap: $183.3B -0.04% 7d
30-day trend
Volume / market cap: 34.0%
Peg drift, 30 days: 0.09%

Market data as of 16 September 2026, the same daily snapshot the tracker publishes. Peg drift is the largest single-day distance from par over the last 30 days, for USD-pegged tokens only.

Tether's USDT is the leading stablecoin, maintaining a 1:1 peg with the U.S. dollar, backed primarily by U.S. Treasury bills.

01

Instrument facts

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
Depeg history	Date 2022-05-12 · Low price 0.9485 · Duration hours 8 · Cause LUNA/UST contagion unverified
Regulatory status	Jurisdiction El Salvador · License type DASP / Stablecoin Issuer · Status Licensed · Issued 2025

02

Supply by chain

53 chains · $183.3B total

Chain	Supply
Tron	$92.6B
Ethereum	$73.6B
BSC	$9.2B
Solana	$2.3B
Arbitrum	$811M
Polygon	$740M
Plasma	$678M
TON	$620M
Aptos	$552M
Mantle	$454M
Avalanche	$292M
OP Mainnet	$251M
Kaia	$193M
X Layer	$104M
Hyperliquid L1	$86M
Celo	$84M
Fantom	$83M
Omni	$80M
Ink	$59M
Monad	$57M
Kava	$50M
Berachain	$44M
Near	$39M
Polkadot	$37M
Mixin	$32M
Tezos	$27M
Stable	$27M
Flare	$23M
Conflux	$20M
Tempo	$10M
OKTChain	$9M
KCC	$9M
Sui	$8M
Linea	$7M
Morph	$7M
Unichain	$7M
PulseChain	$4M
Injective	$4M
Scroll	$4M
Katana	$4M
Starknet	$4M
Rootstock	$3M
ZKsync Era	$2M
Sei	$2M
ICP	$2M
CORE	$2M
Manta	$2M
Vaulta	$2M
Metis	$2M
MegaETH	$1M
Aurora	$1M
Gnosis	$1M
IoTeX	$1M

Chains holding at least $1M of this token, from the daily cross-chain compilation. The total may differ from the market capitalization above, which is a separate measurement.

03

Contract addresses

11 chains

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`

Addresses as recorded for this token. Verify against the issuer's own published address before sending funds.

Official site · Whitepaper

04

Background

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.

Figures marked unverified are recorded but not yet independently confirmed.

License and registration entries summarize public records and issuer statements as of the dates shown and are not legal advice; confirm current status with the relevant regulator. Terms.

Compiled from issuer disclosures, on-chain data and market data. Tether · Methodology