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Tether USDT

$183.4B market cap

Issued by Tether · reviewed

Market cap
$183.4B +0.03% 7d
30-day trend
USDT market cap trend, last 30 days: +0.1%
Volume / market cap
31.1%
Peg drift, 30 days
0.09%

Market data as of , 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.

Last verified 2026-06-27. 1 of the 10 fields shown is recorded but not yet verified and is marked below; 2 further tracked fields are not recorded.

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

10 of 12 tracked fields recorded
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
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
ChainSupply
Tron$92.2B
Ethereum$73.4B
BSC$9.2B
Solana$2.8B
Arbitrum$815M
Polygon$775M
Plasma$687M
Aptos$632M
TON$606M
Mantle$460M
Avalanche$342M
OP Mainnet$238M
Kaia$188M
X Layer$109M
Hyperliquid L1$85M
Celo$84M
Fantom$83M
Omni$80M
Near$64M
Ink$62M
Kava$50M
Monad$50M
Berachain$44M
Polkadot$37M
Mixin$32M
Tezos$27M
Stable$26M
Flare$21M
Conflux$20M
Tempo$10M
OKTChain$9M
KCC$9M
Sui$7M
Linea$7M
Morph$7M
Unichain$7M
PulseChain$4M
Injective$4M
Scroll$4M
Starknet$4M
Rootstock$3M
Katana$3M
ZKsync Era$2M
Sei$2M
ICP$2M
Manta$2M
CORE$2M
Vaulta$2M
Metis$2M
MegaETH$2M
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
ChainAddress
Aptos0x357b0b74bc833e95a115ad22604854d6b0fca151cecd94111770e5d6ffc9dc2b
Avalanche0x9702230a8ea53601f5cd2dc00fdbc13d4df4a8c7
Celo0x48065fbbe25f71c9282ddf5e1cd6d6a887483d5e
Ethereum0xdac17f958d2ee523a2206206994597c13d831ec7
Kava0x919c1c267bc06a7039e03fcc2ef738525769109c
Klay Token0xd077a400968890eacc75cdc901f0356c943e4fdb
NEAR Protocolusdt.tether-token.near
SolanaEs9vMFrzaCERmJfrF4H2FYD4KCoNkY11McCe8BenwNYB
TezosKT1XnTn74bUtxHfDtBmm2bGZAQfhPbvKWR8o
The Open NetworkEQCxE6mUtQJKFnGfaROTKOt1lZbDiiX1kCixRv7Nw2Id_sDs
TronTR7NHqjeKQxGTCi8q8ZY4pL8otSzgjLj6t

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.

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