Tether
USDT #3Project Safety Score: 100%
Updated 1 day, 5 hours agoTether (USDT) is a cryptocurrency designed to maintain a value that mirrors the U.S. dollar, categorizing it as a stablecoin. It aims to provide stability in the volatile cryptocurrency market and facilitate liquidity on exchanges that face challenges with traditional banking. Tether Limited, incorporated in Hong Kong and governed by the laws of the British Virgin Islands, issues these digital coins. It asserts that USDT is fully backed by U.S. dollars held in reserve.
The cryptocurrency utilizes blockchain technology and can be transferred between Omni Layer-enabled wallets and various exchanges, allowing users to trade it for other cryptocurrencies like Bitcoin. While Tether transactions have no internal fees, external wallets or exchanges may impose charges. Tether enables users to convert between USDT and USD through the Tether.to platform, which may incur a small fee for the transition.
Risk Report
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
Peg stability score 100 out of 100 (AAA). The current price is $0.9999 with only a tiny deviation (Delta 0.0001), and the measured peg value is 100. This indicates the stablecoin is holding very close to its intended $1 target. The asset’s market cap is also very large, with a market cap tier score of 100 and a current market cap of $189,668,885,775, which supports overall market depth for redemptions.
Inherent crypto risk (Tether stablecoin): Even with a top-tier safety score and strong peg performance, stablecoins still carry key risks. These include dependence on issuer and reserve practices, smart contract and custody operational risks, and potential liquidity or regulatory shifts that could affect redemption flows. As with any crypto asset, market behavior can change quickly during stress events, so investors should monitor transparency and compliance updates over time.
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Prior: BitfinexCo-founder of Bitfinex and Tether Limited.
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Prior: BitfinexCo-founder of Bitfinex and Tether Limited.
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Provided an attestation confirming Tether's reserves as of March 31, 2021.
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0.9
Tether is a $118 billion scam; bigger than FTX & Bernie Madoff combined! No proof of reserves & an audit has never been done; USDT is printing counterfeit money (fraud).Justin Bons · source ↗
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Cointelegraph · 2024-09-12
- ✓Widely used as a stablecoin across multiple blockchain ecosystems
- ✓Provides quarterly attestations of reserves by BDO Italia
- ✓Maintains active social media presence and community engagement
- ✗Lack of full, independent audits of reserves
- ✗Legal actions and fines related to misleading statements about reserves
- ✗Allegations of insufficient transparency regarding reserve assets
Price Chart
Contract Security
0xdac17f958d2ee523a2206206994597c13d831ec7On-Chain Facts
0x36928500bc1…
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0xf977814e90da44bfa…20.62% -
0x47ac0fb4f2d84898e…9.46% -
0x835678a611b286840…6.19% -
0x6c96de32cea08842d…3.72% -
0x28c6c06298d514db0…2.12% -
0xb0a27099582833c0c…1.38% -
0x5ca38fb7cf2b58702…0.89% -
0x5754284f345afc66a…0.85% -
0xa7c0d36c4698981fa…0.75% -
0x98adef6f2ac8572ec…0.68%
View on Chain
Market Stats
Community Sentiment
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