Tether USD
USDTStablecoinsReported
Market Price
$1.00
Est. NAV
$1.00
Prem / Disc
0.00%
Market Cap
$183B
Supply
183B
Liquidity
$3.8B
24H Volume
$48B
Spread
0.01%
Holders
9,800,000
Yield
—
Geography
Global
Overview
USDT is the largest USD-pegged stablecoin. Each token targets a $1.00 redemption claim on the Tether reserve portfolio of cash, short-duration US Treasuries, and other assets, reported daily with quarterly independent attestations.
Structure
Fiat-backed stablecoin, freely transferable
Underlying
Cash, US T-bills, and other reserve assets
Custodian
Northline Trust Co.
Reserve Update
September 2026
Intelligence Indicators
Transparency62
Backing70
Liquidity98
Market Depth99
On-Chain Activity96
Data Quality72
Structural Complexity18
Informational indicators — not investment recommendations.