Tether (USDT) stablecoin analytics
USDT (Tether) is the largest dollar stablecoin, mostly backed by short-term U.S. Treasuries with a centralized issuer and quarterly attestations.
Static Profile
Static stablecoin profile
Tether (USDT) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar.
AI summary / Updated May 18, 2026
USDT remains the largest dollar stablecoin, with Tether's Q1 2026 attestation showing $191.77B of assets against $183.54B of liabilities. The reserve stack is still Treasury-heavy, with about $141B in direct and indirect U.S. T-bill exposure, plus material gold and Bitcoin...
AI summary · drafted by codex-stablecoin-review · reviewed by Codex data review on May 18, 2026 · facts as of May 18, 2026
- Collateral
- Q1 2026 attestation: $191.77B total assets vs $183.54B liabilities; about $141B direct/indirect U.S. Treasury bill exposure, $20B physical gold, $7B Bitcoin, and an $8.23B excess reserve buffer.
- Peg Mechanism
- Direct 1:1 redemption through Tether. Supply figures include USDT0 (omnichain variant via LayerZero lock-and-mint) deployed on 20+ additional chains
- Jurisdiction
- El Salvador / CNAD / Digital Asset Issuance / DASP
- Proof Of Reserves
- Independent Audit by BDO Italia Reserve source
Snippet Answer
Is USDT safe?
Pharos does not mark USDT as absolutely safe. Static metadata says Tether uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Independent Audit from BDO Italia; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Next Actions
Exact bot target: /subscribe dews,depeg,safety usdt-tether
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated May 18, 2026.
USDT quick answers
What is Tether (USDT)?
USDT (Tether) is the largest dollar stablecoin, mostly backed by short-term U.S. Treasuries with a centralized issuer and quarterly attestations. The static profile records its US Dollar peg mechanism as: Direct 1:1 redemption through Tether. Supply figures include USDT0 (omnichain variant via LayerZero lock-and-mint) deployed on 20+ additional chains
What backs USDT?
Pharos classifies USDT backing as Real-World Asset Backed. Collateral, per the static profile: Q1 2026 attestation: $191.77B total assets vs $183.54B liabilities; about $141B direct/indirect U.S. Treasury bill exposure, $20B physical gold, $7B Bitcoin, and an $8.23B excess reserve buffer. Reserve evidence: Independent Audit from BDO Italia.
Can USDT be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for USDT, when applicable, appear in the dossier below.