← Back to atlas

USDT — Tether

Largest USD stablecoin by market cap, backed by a mix of T-bills, cash, secured loans, BTC and gold.

Visit official site ↗
Category
Single-Issuer Reserve Model
Regulatory regime
Offshore / Light-touch
Issuer
Tether Holdings
Region
Global (offshore)
Peg
USD

Blockchain protocols

TronEthereumSolanaTONAvalanche

How it works

Mint/redeem available to verified institutional clients; secondary liquidity on exchanges drives retail access.

Revenue model

Reserve yield (multi-billion annual profit), loans, and strategic asset returns.

Regulation

Licensed in El Salvador (DASP); not GENIUS-compliant in US.