USDT is the largest stablecoin by market cap, issued by Tether Limited. Backed primarily by US Treasury Bills and cash equivalents, with quarterly attestations. Available on virtually every major blockchain and exchange worldwide.
Market Cap
$185.60B
Peg Deviation
+0.068%
Regulatory Grade
B+
Regulatory Score
71/100
Issuer & Reserve Details
Issuer
Tether
Issuer Type
Centralized
Treasury Transparency
Audited Reports
Backing Type
Fiat & T-Bills
Reserve CompositionUS Treasury Bills (~80%), cash & bank deposits, secured loans, precious metals, Bitcoin, and other investments. Quarterly attestation by BDO Italia.
Peg MechanismDirect 1:1 redemption with Tether (minimum $100K). Arbitrage on exchanges maintains secondary market peg.
Regulatory Scorecard
Reserve CompositionAll reserves in GENIUS Act permitted assets
Compliant19/20
Audit & TransparencyQuarterly audits by BDO Italia
Partial11/20
Redemption Rights≤2 Business Days redemption
Compliant13/15
Issuer LicensingForeign jurisdiction
Non-Compliant6/15
Consumer ProtectionConsumer protections in place
Partial9/15
CLARITY ClassificationPermitted payment stablecoin classification
Compliant13/15
Reserve Assets
T-Bills (≤93 days), Cash & Bank Deposits, Repos (≤7 days)
Audit Frequency
Quarterly by BDO Italia
Redemption
≤2 Business Days+ Fiat
License
Foreign Regulated
El Salvador (CNAD), BVI
Classification
Permitted Payment Stablecoin
Backing Ratio
100% (Segregated)
Top Yields for USDT
Source: DeFiLlama
| Platform | Chain | Type | Yield Source | APY | TVL | Safety | Links |
|---|---|---|---|---|---|---|---|
 ekubo |  Ethereum | DeFi | Unknown | 87.26% | $165,694 | D · 45 | |
 uniswap-v3 Multiple Audits | Ethereum | DeFi | LP Fees | 80.99% | $602,791 | B · 73 | |
uniswap-v3 Multiple Audits |  Arbitrum | DeFi | LP Fees | 79.25% | $321,636 | B · 71 | |
 uniswap-v2 | Ethereum | DeFi | Unknown | 68.19% | $126,322 | D · 45 | |
 aerodrome-slipstream Audited |  Base | DeFi | LP Fees | 62.22% | $388,739 | C · 61 | |
 raydium-amm |  Solana | DeFi | Unknown | 56.35% | $2.3M | D · 46 | |
uniswap-v3 Multiple Audits | Ethereum | DeFi | LP Fees | 54.92% | $108,640 | B · 73 | |
 gt3 |  Polygon | DeFi | Unknown | 53.27% | $169,751 | D · 42 |
Audit & Attestation History
No audit records available
Disclaimer: Compliance scores are for informational purposes only and do not constitute financial or legal advice. Regulatory scores are based on the GENIUS Act (S.1582) and CLARITY Act (H.R.3633) frameworks using publicly available information. The GENIUS Act takes effect no later than January 18, 2027. Always conduct your own research.
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