tether04
$USDT
MCAP184.74B
-0.00%

what's tether?

Tether is a leading stablecoin issuer, primarily known for its USDT token, which is pegged 1:1 to the US dollar to provide price stability in the volatile cryptocurrency market. Launched in 2014, Tether operates as a digital asset backed by reserves including cash, cash equivalents, and other assets, enabling seamless transfers and trading on various blockchains like Ethereum, Tron, and Bitcoin. The project aims to bridge traditional finance and crypto by offering a reliable medium of exchange, liquidity for exchanges, and a hedge against volatility. Tether publishes transparency reports on its reserves and supports multiple fiat-pegged tokens, including those for the Mexican peso, offshore Chinese yuan, and gold. It has faced scrutiny over reserve backing but remains the most widely used stablecoin globally, facilitating billions in daily transactions.

Snapshot

Tether's USDTB reserves are 90% in Blackrock's BUIDL; USDT circulates on Tron, Solana, BSC.

contract

ethereum

aptos

tron

near-protocol

kava

celo

the-open-network

avalanche

solana

4H ago
TOKEN ECONOMICS

holds 90% of USDTB reserves in Blackrock's BUIDL token, representing approximately one-third of the total BUIDL supply

ONCHAIN METRICS

USDTB supply reached 866M with 161M (18.5%) held onchain in Ethena USDe-related wallets

ONCHAIN METRICS

USDT has $84 billion in circulation on the Tron network.

ONCHAIN METRICS

USDT has $7.5 billion in circulation on the Solana network.

ONCHAIN METRICS

USDT has $8.8 billion in circulation on the BSC network.

ONCHAIN METRICS

USDT has $640 million in circulation on the Aptos network.

VISIBILITY EVENT

Featured as the deposit asset (minimum 150 USDT) in the Kaia x Grvt Community Volume Competition with $15,000 in prizes, running until April 20, 2026 at 23:59 UTC.

6H ago
ONCHAIN METRICS

Reached 570 million wallets as of March 2026, adding tens of millions per quarter.

TECH EVENT

Launched The People's Wallet, a self-custodial remittance wallet supporting USDT, USAT, XAUT, Bitcoin across Ethereum, Polygon, Arbitrum, Plasma, Bitcoin/Lightning Network. Features gasless, username-based transfers with $0.00001 fees for 570M users.

7H ago
VISIBILITY EVENT

Tether CEO Paolo Ardoino attends Donald Trump's cryptocurrency conference and gala luncheon at Mar-a-Lago on April 25, 2026, with 297 attendees including U.S. President.

REGULATORY

Included in updated Digital Asset PARITY Act as a regulated stablecoin that could qualify for tax-free transfers if pegged between $0.99 and $1.01 and meeting GENIUS standards.

8H ago
MARKET ACTIVITY

Listed on BitMEX Spot for deposit, buying, and trading as XAUt (gold-backed token) on 2026-04-14.

10H ago
PARTNERSHIP

Partnered with Zodia Markets for execution, adding USDT support and reducing transaction costs by 30–50% for thBILL product.

15H ago
VISIBILITY EVENT

Tether Gold (XAUT) will have its seed tag removed on Binance.

22H ago
MARKET ACTIVITY

Integrated as a payment option for event tickets on Uquid Tickets platform, which launched on TRON network and accepts TRC-20 USDT for purchasing verified tickets to sports, concerts, and live events worldwide.

1D ago
MARKET ACTIVITY

Dominates stablecoin expansion in Uganda and the broader East African region.

MARKET ACTIVITY

Used as the quoted settlement currency in new spot pairs, margin/CFD products, trading competitions, and promotional giveaways across many exchanges.

ONCHAIN METRICS

Holds 45% of circulating USDT supply on Tron; market cap exceeded $85B in March 2026, representing over 46% of global supply.

TOKEN ECONOMICS

Issued $116 million USDT on Plasma network and featured in Santiment's social data report on April 13, 2026.

TEAM UPDATE

Hired an executive from JPMorgan to support US stablecoin expansion efforts.

VISIBILITY EVENT

Extended zero-gas transfer support to USDT on Polygon through TokenPocket integration.

2D ago
REGULATORY

Froze $182 million in a single day across five wallets on Tron in January 2026.

MARKET ACTIVITY

Became available for swapping on Chainflip on Solana and Arbitrum networks.

UNCATEGORIZED

Fellowship PAC, a $100M Tether-linked super PAC, made its first $300,000 ad buy to Nxum Group for 2026 midterm spend. Nxum Group co-founded by Tether US CEO Bo Hines.

TECH EVENT

Enabled as a payment option for gas fees across EVM chains through Gas Station feature shipped by OKX Web3.

ONCHAIN METRICS

Reached $1.3 trillion in onchain transaction volume year-to-date as of April 2026.

3D ago
MARKET ACTIVITY

Launched XAUT Streaks in the US on OKX during the week ending April 11, 2026.

ONCHAIN METRICS

Generated $16.17M in protocol fees over 24 hours, ranking as the highest fee-generating protocol.

REGULATORY

Delisted from European exchanges after failing to meet MiCA compliance requirements.

4D ago
MARKET ACTIVITY

USDT adoption is increasing on Hyperliquid.

5D ago
ONCHAIN METRICS

Ranks first by 7-day fee generation among top 10 crypto entities as of April 9, 2026.

TECH EVENT

Launched QVAC, an open-source SDK for cross-platform on-device AI and peer-to-peer inference.

VISIBILITY EVENT

CEO visits South Korea and meets with KB Financial, Coinone, and other institutions.

6D ago
VISIBILITY EVENT

Used as the reward token in SQD's Public Revenue Pool alongside SQD, where participants lock SQD tokens to earn USDT at approximately 9.6% APR.

MARKET ACTIVITY

Accepted as payment for Iran's $1 per barrel transit toll on oil tankers passing through the Strait of Hormuz, alongside USDC and Yuan, during a two-week ceasefire period.

TOKEN ECONOMICS

Enabled direct claiming of USDT fees earned from invited friends on the invite page.

TECH EVENT

Hadron now supports tokenization on Plasma for RWA issuance targeting compliant institutional and innovator use cases.

MARKET ACTIVITY

USDT trading competition with $5,000 prize pool runs from April 7, 2026 21:00 UTC to April 9, 2026 21:00 UTC on Cube Exchange.

REGULATORY

Indonesian authorities used onchain USDT transaction trails as evidence to convict three terrorism financiers linked to ISIS-affiliated networks.

1W ago
PARTNERSHIP

Partnered with Swiss-licensed SCRYPT and TON Foundation for institutional USDT access on TON for banks and fintechs.

WHALE ACTIVITY

Transferred $500 million USDT from Binance to Tether Treasury on Tron network.

WHALE ACTIVITY

Transferred $500 million USDT to Binance from Tether Treasury on Solana network.

TECH EVENT

Launched Hypersearch, a decentralized search engine, expanding beyond stablecoins into broader infrastructure services.

PARTNERSHIP

Integrated with Ledger Wallet and Noah_HQ to enable instant conversion from USD or EUR to USDT.

MARKET ACTIVITY

Integrated USDT0 with M0's On-chain Orchestration product via Aori to facilitate clearing between M0-powered stablecoins and USDT, enabling instant transfers on Rootstock.

RISK ALERT

Froze $1.5B in hacked funds on Avalanche related to the Bybit hack within hours.

RISK ALERT

Froze $22M in Garantex wallets, which were sanctioned by OFAC since 2022.

OPINION SPECULATION

Freezes stolen USDT without a judge's order, having frozen $3.3B across 7,268 wallets, including $285M Lazarus Group funds within hours, acting faster and with less procedural friction than Circle in exploit situations.

PARTNERSHIP

Partnered with OnRamp Money through Tippikl Labs to allow instant purchasing of USDT directly on Tippikl's platform.

UNCATEGORIZED

PDAX exchange in the Philippines enabled free USDT transfers via Plasma (XPL) network, featuring DEX infrastructure, 1-block confirmation times, and support for 30+ exchanges.

FINANCIAL EVENT

Seeking $15-20B funding round at $500B valuation, with capital commitments due by 2026-04-18.

FINANCIAL EVENT

Conducting airdrops totaling over $8 million in USDT value.

MARKET ACTIVITY

Binance Wallet launched a prediction market in beta on BNB Chain with USDT-denominated yes/no contracts on sports, elections, economics, and BTC outcomes.

ONCHAIN METRICS

Processed 64% of global stablecoin payment transaction value over the twelve months ending April 2026, primarily as USDT settlements on the Tron network.

RISK ALERT

Paused USDT infrastructure within 90 minutes due to Drift Protocol hack, with $5.65M USDT stolen via oracle and price manipulation.

ONCHAIN METRICS

Holds 85% of the stablecoin market share alongside USDC as of April 2026.

TEAM UPDATE

Appointed Jesse Spiro, Head of Government Affairs, chair of Fellowship PAC, raised over $100M ahead of 2026 U.S. midterm elections.

ONCHAIN METRICS

Reached lowest activity level of 2026 on Ethereum, with wallet addresses declining by 72,841 (-0.54%) over a 48-hour period ending 2026-04-01.

VISIBILITY EVENT

Featured in a $20k USDT trading competition on cubexch running from March 31, 2026 21:00 UTC to April 2, 2026 21:00 UTC.

2W ago
PARTNERSHIP

Partners with ZeroHash to expand enterprise access to USDT on the TRON Network.

TEAM UPDATE

Fired two senior gold traders, Vincent Domien (former HSBC global head of metals trading, LBMA board member) and Mathew O'Neill (HSBC), weeks before auditors arrived.

ONCHAIN METRICS

Average USDT balance per holder on Ethereum is approximately $6,900, while on Tron it is approximately $1,200.

PARTNERSHIP

Integrated with KaiaChain to enable faster stablecoin settlements and seamless USDT deposits through grvt_io collaboration.

REGULATORY

Announced an audit in response to stablecoin yield regulation, which contributed to CRCL posting its largest single-day drop since listing.

ONCHAIN METRICS

Leads stablecoin market capitalization at 2.5x USDC but moves 4x less volume than USDC.

PARTNERSHIP

Is supported as an asset on Aave's deployment on X Layer, where users can supply USDT and borrow USDT against collateral.

MARKET ACTIVITY

Supported for deposits and withdrawals on Kraken via Sei EVM.

MARKET ACTIVITY

Enabled multi-network withdrawals via new Gemini REST API endpoint.

ONCHAIN METRICS

Accounts for nearly 90% of on-chain stablecoin transaction volume when combined with Circle's USDC.

RISK ALERT

Backed 1:1 by 140 tons of physical gold worth $24B in Switzerland, holds $6.8B equity buffer. Faces insolvency risk from 30% decline in gold and Bitcoin holdings; IMF flagged BTC-related risks.

FINANCIAL EVENT

Hired KPMG for audit of $185B USDT supply, with PwC assisting.

MARKET ACTIVITY

Revolut supports USDT withdrawals directly on Avalanche, alongside AVAX and USDC, providing onchain access to 70M+ users across 160+ countries.

PARTNERSHIP

Shift4 offers 24/7 USDT stablecoin settlement on Avalanche to hundreds of thousands of merchants across hospitality, retail, travel and ecommerce.

ONCHAIN METRICS

Reached 5M+ weekly USDT users and 7.2M+ USDT transactions on Celo.

MARKET ACTIVITY

XAUT is listed on Coins.ph exchange.

MARKET ACTIVITY

Expanded XAUT natively to BNB Chain using LayerZero technology, enabling omnichain movement.

MARKET ACTIVITY

Listed XAUT on Binance with Seed Tag on 2026-03-26; XAUT/USDT joined Spot Altcoin Liquidity Enhancement Program on 2026-04-06.

REGULATORY

Faces subpoenas from Swan Bitcoin in SDNY court to Commerce Secretary Lutnick and Cantor Fitzgerald over a joint mining venture with its 2040 Energy subsidiary.

ONCHAIN METRICS

Generated $490M revenue over 30 days ending March 25, 2026, and $16.08M fees over 24 hours, highest among all DeFi protocols tracked.

PARTNERSHIP

Tether acquired Whop, invested $200M in February 2026, with Whop integrating Aave to offer 6% USDT yield.

PARTNERSHIP

Integrated into Bitget Wallet's Onchain Payments Matrix alongside Ripple and Mastercard for global stablecoin settlements, and into Mastercard's Crypto Partner Program.

FINANCIAL EVENT

Invested $7.5M in Utexo alongside BigBrainVC and PortalVentures, partnered with Solv Protocol to build native USDT rails on Bitcoin through utexocom.

3W ago
ONCHAIN METRICS

USDT achieved $1.1B in 30-day mint volume as of March 24, 2026.

ONCHAIN METRICS

Reached $1 billion in Spark Savings USDT deposits, increasing over $200M in 5 days (March 19-24, 2026); maintains >$700M withdrawal capacity against $885M total vault size (80% liquidity).

FINANCIAL EVENT

Participated as a backer in a $134M private placement for Stablecoin Development Corp (formerly NovaBay Pharmaceuticals), a company focused on USDS protocol governance that acquired nearly 9% of SKY's circulating supply.

ONCHAIN METRICS

Reached $184B market cap March 30, 2026, with $85B on Tron (up $20B year-over-year, adding $4B in Q1 2026) and $95B on Ethereum. Total supply sits at $193B, backed by Treasury bills, gold, Bitcoin, loans, and accounts for 61.91% of $265.627B total stablecoin market cap April 6, 2026, with issuance rising on Ethereum.

REGULATORY

Launches USAT regulated stablecoin on Celo on 2026-04-07, with KPMG auditing $185 billion USDT reserves and Google Cloud providing infrastructure support.

MARKET ACTIVITY

Enabled as collateral for OTC trading of prediction markets through BitGo's institutional trading service.

ONCHAIN METRICS

XAUT (Tether Gold) experienced approximately $1 billion in market value reduction as gold dropped from $5,600 to $4,350.

ONCHAIN METRICS

Maintains 58.22% dominance of the stablecoin market with total stablecoin market capitalization at $316.198 billion as of 2026-04-04.

MARKET ACTIVITY

Added USDT deposit and withdrawal support on OKX for the Monad network on 2026-03-23.

VISIBILITY EVENT

Featured in a thread discussing stablecoin adoption and internet finance infrastructure, highlighting USDT's dominance of liquidity across emerging markets.

RISK ALERT

Experienced a trader losing $50M in a botched USDT swap on 2026-03-18

REGULATORY

Faced EU ban discussions and regulatory scrutiny around 2026-03-18

MARKET ACTIVITY

Serves as the quote asset in the USR/USDC pool on Curve Finance that experienced a flash crash to $0.025 during the Resolv exploit, with the attacker converting dumped USR into USDC before exiting to approximately 9,100 ETH.

ONCHAIN METRICS

Holds over $160 billion in U.S. Treasuries as part of reserve requirements under GENIUS Act rules.

ONCHAIN METRICS

Froze $3.23 billion USDT, including $1.1 billion newly frozen, targeting Iranian exchange Wallex in coordination with Circle, as USDT supply decreased by $3 billion in Q1 2026, bringing total stablecoin supply to $315 billion and marking first divergence with USDC since 2022.

PARTNERSHIP

Partners with LejaApp to provide Kenyan small businesses access to working capital with 37.69% APY in USDT.

ONCHAIN METRICS

Processes 65+ billion USD in stablecoin volume annually on Celo L2.

MARKET ACTIVITY

Approved as an asset for paying transaction fees on Polkadot (swapped for DOT behind the scenes) as of March 14, 2026.