Stablecoin profileLIVE
Tether (USDT) stablecoin
In short: USDT is a USD-pegged stablecoin issued by Tether. Token authorisation on record: El Salvador (CNAD). Below: live peg deviation, peg history, issuer, licences and FAQ.
Deviation: -8.3 bps (-0.08%) · Market cap: $175.58B
Sources: CoinGecko, DefiLlama · CoinGecko ↗ · Median of the available sources, refreshed in your browser. A deviation here is not a confirmed depeg.
Token legal status
Issuer & legal entity
Transparency Score (issuer)
Our opinion based on public data as of 12 Nov 2026. Not a regulatory decision or a credit rating.
Issuer licences, registrations & token status
Issuer-level records from the Tether profile; each row links to the official register or source.
| Jurisdiction | Record | Status | Source |
|---|---|---|---|
| AE-ADGM | Accepted Fiat-Referenced Token(s) for use in ADGM: USDT — FSRA Consolidated List of Accepted FRTs (1 Sep 2026). Accepted for use; not an issuance licence · FSRA (ADGM) | Accepted 1 Sep 2026 | Verified |
| SV | Tether International, S.A. de C.V. — CNAD public register of digital asset service providers (PSAD), PSAD-0028, vigente; registered 16 Aug 2024 · CNAD (El Salvador) | Registered 16 Aug 2024 (PSAD-0028) | Verified |
| SV | Tether International, S.A. de C.V. — CNAD public register of stablecoin issuers, EME-0003, vigente (19 May 2025). Token status: USDT on the CNAD stablecoin list, public offering ME-0003, Admisible (19 May 2025) · CNAD (El Salvador) | Authorized 19 May 2025 (EME-0003) | Verified |
| US | Tether International S.A. de C.V. — FinCEN money services business registration (money transmitter), MSB 31000292945094, filed 16 Feb 2025. A registration, not a licence or an endorsement (per FinCEN) · FinCEN | Registered 16 Feb 2025 | Verified |
| EU | MiCA EMT authorisation — no USDT / Tether row in the ESMA interim MiCA register of e-money token white papers (EMTWP.csv), checked 2026-11-13. ESMA statement of 17 Jan 2025: CASPs to stop offering non-MiCA-compliant EMTs to the public (sell-only allowed until end of Q1 2025) · ESMA | Not authorised checked 13 Nov 2026 | Verified |
USDT peg history
Max deviation from the peg, time spent outside ±50 / ±100 bps and derived events per window. 24h: CoinGecko 5-minute prices; 7d, 30d, 90d: hourly; 1y: daily. Cached at build time.
| Favourites | Coin | Peg | Trend | Max |dev| | Low | >±50 bps | >±100 bps | Events | Details |
|---|---|---|---|---|---|---|---|---|---|
| USDT | USD | −19.5 bps | 0.9980 | 0 | 0 | 0 |
Source: CoinGecko ↗, DefiLlama ↗ · market data cached . Aggregated prices can move on thin markets; a deviation here is not a confirmed depeg.
USDT supply by chain
Current circulating supply per chain from the DefiLlama stablecoins API (cached at build time). Per-chain or DEX prices are not shown: no free source covers them reliably.
| Chain | Supply | Share of supply |
|---|---|---|
| Tron | $92.07B | 52.5% |
| Ethereum | $66.64B | 38.0% |
| BSC | $9.18B | 5.2% |
| Solana | $2.10B | 1.2% |
| Plasma | $1.07B | 0.6% |
| Arbitrum | $829.2M | 0.5% |
| Polygon | $701.9M | 0.4% |
| TON | $500.8M | 0.3% |
| Mantle | $433.0M | 0.2% |
| Aptos | $386.9M | 0.2% |
| Avalanche | $316.2M | 0.2% |
| OP Mainnet | $209.7M | 0.1% |
| Kaia | $187.9M | 0.1% |
| X Layer | $117.5M | 0.1% |
| Celo | $83.9M | 0.0% |
Source: DefiLlama ↗
FAQ about USDT
What is Tether (USDT)?
USDT is a stablecoin pegged to the US dollar. Issuer: Tether. Backing (as described in our data): Asset-backed (T-bills, repo, gold, BTC, loans).
Who issues USDT?
USDT is issued by Tether International, S.A. de C.V. The issuer profile on StableRadar lists its licences with links to official registers.
Is USDT authorised under MiCA or another stablecoin regime?
A regulator-confirmed token authorisation is on record: El Salvador (CNAD). Register record: CNAD stablecoin list: USDT — Tether International S.A. de C.V. — public offering (Oferta pública CNAD) ME-0003, 19/05/2025, Admisible. Applicable law noted: El Salvador Ley de Emisión de Activos Digitales (LEAD) — CNAD legal framework; GENIUS Act — OCC final rule FR 2026-21706 (effective 18 Jan 2027). US context: under the GENIUS Act only approved (permitted) payment stablecoin issuers may issue payment stablecoins in the US; the Act approves issuers, not individual tokens. It applies from 18 Jan 2027 (OCC final rule FR 2026-21706).
Is USDT safe?
StableRadar does not say whether a coin is safe and does not give investment advice. In our opinion, based on public data as of 12 Nov 2026, the issuer Tether has a Transparency Score of 53/100. This is not a regulatory decision or a credit rating. The live peg deviation and the official register links are on this page.
How is USDT backed?
Model: Asset-backed (T-bills, repo, gold, BTC, loans). Reserve mix: ~80% US Treasuries + repo, cash, gold (>146 t), BTC, secured loans, other (per Tether). Attestation: Quarterly attestation by BDO (ISAE 3000); FY2025 financial statements of Tether International audited by KPMG U.S. with an unqualified opinion, 13 Aug 2026 (per Tether; audit report not published).
Related pages
- Issuer profile → Tether
- USDT × country checker: US
- USDT × country checker: DE
- USDT × country checker: FR
- Stablecoin laws by country
- News & depeg incidents
- Live peg monitor
- All stablecoins
- Issuer ranking
Informational only: not legal, investment or compliance advice. Company statements are marked “per company”.