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.
Tether integrated into MegaETH oracle, discussed stablecoin regs, Solana supply crossed $3B, made investments.
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Froze approximately $4.2 billion worth of USDT linked to illicit activity, with about $3.5 billion frozen since 2023.
Tether Gold (XAUT) trading volume reached $418 million, representing an 8,114% increase year-over-year.
Featured in a $20k USDT trading competition on Cube Exchange running from February 27, 2026 21:00 UTC to March 2, 2026 21:00 UTC.
Operates 50 EH/s of Bitcoin mining hashrate through Elektron Energy across 32 sites in 5 countries, representing approximately 4.8% of the Bitcoin network.
Integrated as a supported payment asset on the MetaMask Card, a crypto debit card launched by MetaMask and Mastercard that allows users to spend self-custodied USDT directly from their MetaMask wallets without transferring to a centralized exchange.
Integrated USDT yield into Telegram's crypto wallet "Vaults" feature via Morpho Vaults and Re7, offering up to 18% APY on USDT strategies.
Integrated into Telegram Wallet's on-chain yield program alongside BTC and ETH via TON Wallet.
Tether is buying gold as a strategic move according to commentary from QCP Group's Head of Trading.
462,000 USDT was lost in a supply chain attack on Holdstation's application distribution infrastructure on February 25, 2026.
Invested $200M in Whop at a $1.6B valuation, with $3B in annual payouts, integrating WDK for USDT, USAT, USDA payments for 20M users.
Teases payments card product.
US authorities seized $61 million in USDT tied to a pig butchering scam, with assistance from the U.S. Department of Justice, during the week ending February 28, 2026.
Featured in a $20k USDT trading competition on cubexch running from February 24, 2026 21:00 UTC to February 26, 2026 21:00 UTC.
Runs a campaign with imToken offering XAUt rewards for USDT/XAUt swaps of at least $50, with $3 in XAUt per first daily swap and $150 in XAUt raffled to 2 users, ending on 2026-03-02 with rewards distributed on 2026-03-05.
Integrated into Meta's platform alongside USDC.
Led $25M Series A funding round in Oobit, which enables crypto-to-bank transfers via local payment rails for Bitcoin, Ethereum, and stablecoins.
Market cap declined to $183.6B, down 0.8% in February 2026 after a 1% drop in January 2026, marking the first two-month contraction since the 2022 Terra collapse. Total circulating supply exceeds $180 billion.
USDT liquidity conditions mirror 2022 bottom levels, with reserves near $50 billion.
Made a strategic investment into Ledn
Generated the highest 7-day fees in crypto among all entities, ranking first ahead of Circle, Pump, Aave, and Hyperliquid.
New USDT risk capital vaults are live on Morpho, enabling USDT holders to supply for exposure to stUSDS rates and USDS incentives, and allowing stUSDS holders to borrow USDT against their positions.
Daily USDT inflows dropped to $27 million from $616 million, according to CryptoQuant data.
Tokenized gold market capitalization exceeds $6 billion.
Became a major shareholder in a BTC mining company that has pivoted to AI.
Becomes bridgeable to Bitcoin L1 from 70+ chains through BYD, allowing USDT to be brought onto Bitcoin as native tokens in BRC-20, Runes, and other standards.
Discontinued CNH₮ stablecoin creation, with redemption support ending 2027-02-21.
Partnered with TreadFi to offer a 5x XP boost for Dreamcash users during the week starting February 25, 2026.
Receives SEC regulatory treatment change under Exchange Act Rule 15c3-1 and Rule 15C3-3, allowing broker-dealers to apply a 2% haircut for USDT instead of previous 100%, effective February 2026.
Deployed USDT0 version of USDT on Mantle network
Featured in a $20k USDT trading competition on cubexch running from 2026-02-20 21:00 UTC to 2026-02-23 21:00 UTC.
Reached 364 million USDT TVL in Spark Savings, growing by 200 million in the three weeks prior to February 20, 2026.
Supply decreased $1.5B in February 2026, following a $1.2B decrease in January 2026, totaling over $3B in a 60-day period ending February 23, 2026, marking a second consecutive monthly decline.
Integrated with Sui blockchain for free stablecoin transfers (USDC/USDT integration).
Moved 94 tonnes of XAUT with 0.0016% in fees over a 6-month period ending February 2026.
Featured on Tether's Public Map of USD₮ Ecosystem Worldwide through MentoLabs integration on Celo.
Launched incentive program for users trading on Hyperliquid UI with rewards up to 1 million points and multipliers.
Holds a position among the top Bitcoin holders across different categories as of 2026, according to Arkham data.
Featured in a $20k USDT trading competition on Cube exchange running from February 17, 2026 21:00 UTC to February 19, 2026 21:00 UTC.
Integrated with NEXUS's CROSS Pay infrastructure where USDT (TRC-20) payments are live and operational on CROSS Shop, enabling global users to purchase in-game items using TRC-20 USDT.
Partnered with Elemental Altus Royalties and Elemental Royalty, offering dividends in XAU₮.
$17.88B USDT was bridged on the TRON Network in 2025, representing a 215% increase.
Manages $3 billion worth of tokenized gold and other commodities on-chain through Tether Gold.
Wintermute launched OTC trading for Tether Gold following the tokenized gold sector surpassing $126 billion in volume during Q4 2025.
Tether Gold market cap reached $2.73B, making it the top tokenized commodities issuer, growing from $500M in one year, holding 148 tonnes of physical gold.
A $600K USDT address poisoning attack occurred on February 17, 2026, where a victim sent funds to a malicious look-alike address (0x77f6A6F6...DFdA8A346) instead of the intended address (0x77f6ca8E...2E087a346).
Polygon upgraded to native USDT0 on January 15, 2026.
Accepted as investment currency in Fantom's PUT contract fundraising mechanism, where USDT deposits are invested into Aave and investors receive PUT contracts allowing them to either claim FT tokens or reclaim their USDT portion at any time.
Acquired 27 tons of gold and allocated $150 million to sell it to crypto users.
XAUT listed on OKX February 21, 2026, trading on The New Money App.
Partnered with Merit Circle to create an Anything/USDT trading pair or integration.
Invested in HYPE token.
Featured in a $20k trading sprint event on Cube exchange running from February 13, 2026 at 21:00 UTC to February 16, 2026 at 21:00 UTC.
Flowed $1 billion Tether via TRON blockchain to Iranian entities through Binance between March 2024 and August 2025, identified by internal investigations and a Fortune report disclosed February 13, 2026.
Invested in and partnered with Dreamcash for its mobile perpetuals platform on Hyperliquid, offering perpetuals for TSLA, gold, US equities indices, and commodities using USDT collateral, with 200,000 USDT weekly rewards via HIP-3 marketplace, and as a quote token for perpetual futures trading.
Introduced Scudo, a new way to measure the value of gold on-chain.
Provided over 80% of the liquidity for Coinbase's BTC borrowing feature launched in January 2025.
Paired with USDC in a liquidity allocation for PayPal's 500M PYUSD via Spark-governed liquidity to reduce per-unit costs for issuers.
Bloomberg Intelligence analyst Mike McGlone predicted Tether will surpass Ethereum and Bitcoin by market capitalization.
XAUt is listed as a supported tokenized asset on Infinit Labs' Prompt-to-DeFi platform alongside other RWAs.
Partnered with @trdEverything for a 1,000 USDT community giveaway promotion scheduled to announce winners on 2026-02-20.
Serves as settlement currency for tokenized stocks, FX, and commodities on Bitget's unified trading interface launched in February 2026.
Engineering team scored top 5 in the Brain-to-Text Global AI challenge.
Address poisoning scam resulted in a loss of $354,000 USDT when victim 0xa0c77059dc988ec6eace0a2a37beab186fe10e73 sent funds to a lookalike scammer address copied from transaction history.
Unveiled and testing QVAC, a locally powered AI assistant built to run on a sub-average laptop GPU.
Requires a $100,000 minimum and platform registration for direct redemption of USDT tokens.
Holds reserves composed of approximately 75% in Treasury bills and repos, 5% in Bitcoin, and 5% in gold, domiciled in El Salvador, with Bitcoin treasury average purchase price of $38,930 per BTC. Holds over $150 billion in short-duration US treasuries.
Broke parity during the TerraUSD collapse in May 2022, recovering in approximately 2 days.
Combined trading volume with USDC reached $23 trillion in 2024, up 90% from 2023.
Launched GENIUS Act-compliant USAT stablecoin, fully regulated and made in America, tradable on Holdstation.
Holds over $122 billion in U.S. Treasury bills, representing 83.11% of reserves and surpassing Germany's holdings.
Bo Hines now leads Tether's U.S. arm.
Expects to become a top-10 U.S. Treasury bill buyer in 2026, potentially the top buyer, according to Bo Hines.
Lost Simon as an investor in the company.
Connects unified USDT liquidity from 18+ chains to Morph's settlement layer, backing omnichain agentic finance initiative.
Featured in a $20k USDT trading sprint event on cubexch running from February 10, 2026 at 21:00 UTC to February 12, 2026 at 21:00 UTC.
Reached 550 million users worldwide.
Facilitated $70 billion in cross-chain value transfers through LayerZero protocol over 12 months across 18 chains.
Integrated LayerZero technology into Wallet Development Kit (WDK) core, invested equity in LayerZero Labs on February 10, 2026, and partnered with LayerZero's Zero blockchain as a launch partner with Citadel Securities, ARK Invest, DTCC, ICE, and Google Cloud, launching fall 2026.
Mentioned alongside USDC as a default unit of account for machine-to-machine payments in autonomous agent economies, where humans pay agents in Claw Cash and agents convert payments to Bitcoin.
Has approximately $90 billion USDT supply on Tron network, representing half of USDT's total $180 billion market cap.
Burned 3.5 billion USDT following redemptions on February 10, 2026.
Transferred $3.5B USDT to Bitfinex exchange.
USDT supply on Aave V3 Ethereum reaches $6B with lending APR at 1.87%.
Supply rate on Plasma reached 3.5% as borrowing demand increased.
Supply rate on Ethereum mainnet dropped to 1.81% as borrowing demand decreased.
Received $305 million in USDT from Cango Inc.'s sale of 4,451 BTC to partially repay a Bitcoin-collateralized loan.
Added as a perpetual futures trading pair on Kraken Futures for EEA traders as of February 9, 2026.
Used as settlement currency for US stock futures trading product that operates 24/7, launched in 2026.
Reported $10 billion in profit during the first nine months of 2025 from USDT operations.
Generated the highest 7-day fees among all crypto entities, surpassing USDC, AAVE, HYPE, and JUP.
Minted 2 billion USDT on Tron during the week ending February 9, 2026.
Holds 148 tonnes physical gold worth $23 billion as of January 2026, backing USDT and XAUT. XAUT controls 96.7% of the tokenized gold market alongside PAXG, with the total market capitalization at $6 billion.
Gold reserves reached $23 billion according to Jefferies analysis.
Invested $250M in combined gold and equity during the week ending February 9, 2026.
Listed XAUT (Tether Gold) on Rollbit exchange.
Controls 84.8% stablecoin market share with Circle as of February 8, 2026, and 90% stablecoin market share with USDC as of September 2025.
Market capitalization growth turned negative as USDT supply entered a downtrend, the first decline since Q1 2025.
Led stablecoins by volume and transaction count on Rango Exchange in January 2026.
Tether CEO Paolo Ardoino participates in a discussion about the future of finance and stablecoins alongside other industry figures.
Appointed Simon McWilliams as CFO, centralizing finance and operations in London and strengthening governance.