Tether
USDTLive. Machine-drafted, not yet checked by a person.
Tether is a platform that lets people use regular currencies, like the US dollar, in digital form on blockchains. Its pages make no dated promises we could check. It trades at $0.9997, #3 of all coins by size, 24% below its highest ever price.
This week in the news: ETF or institution, upgrade or launch live.
No stated job or named backing. No dated promises on its pages. Nothing dated ahead. Biggest of 8 fiat-backed stablecoins. Nothing to be careful of on the record.
Is it real?
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0 of 4
- –A real-world jobDoes it say what problem it solves, in a category that is not a joke?
- –Real backingA named investor, an index, a major exchange, or a billion-dollar size.
- –Something aheadA dated step, deliveries on record, or demand showing up in the news.
- –Room to growWorth at least four times less than the biggest coin doing the same job, so the gap is real, not a guess.
Listed on 7 big exchanges
- Origin1 March 2015about about 11 yearstether.to, Whitepaper, Wikipedia
- DevelopersNot namedNeither Wikidata nor its listing names the foundersNo public code repository listed
- BackingNo named investorListed on Coinbase, Crypto.com, Kraken, Binance
- Standing on the recordNo recordNo dated promise to judge yet185 headlines last month, 25 about government532,876 people keep it on a CoinGecko watchlistNo corrections needed so far
Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.
Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.
Does it deliver?
No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.
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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it
What is next, and when?
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Nothing dated
The project has not put a date on anything still open. That is a fact worth knowing.
How big is it next to its rivals?
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world
A stable digital dollar
18 coins we checked say they are for a stable digital dollar, worth $272.87B together. #1 of 18 by worth.
Fiat-backed Stablecoin: this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
Tether$183.37Bthis coin+0.0%no maxnone dated
USDC$74.3B2.5× smaller, −$109.08B−0.0%, gap −0.0no maxnone dated
USDS$9.86B18.6× smaller, −$173.51B+0.0%, gap −0.0no maxno record
Ethena USDe$4.68B39.2× smaller, −$178.7B+0.0%, gap −0.0no maxno record
Dai$4.59B40.0× smaller, −$178.79B−0.0%, gap −0.0no maxnone dated
Global Dollar$3.32B55.3× smaller, −$180.06B+0.0%, gap +0.0no maxnone dated
PayPal USD$2.87B63.8× smaller, −$180.5B+0.0%, gap +0.0no maxno record
Ripple USD$2.37B77.3× smaller, −$181B+0.0%, gap +0.0no maxno record
Fiat-backed Stablecoin: this coin next to USDC, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.
- Tether says
- Tether is a platform that lets people use regular currencies, like the US dollar, in digital form on blockchains.
- USDC says
- USDC is a type of cryptocurrency called a stablecoin, built to hold a steady value close to one US dollar.
Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.
Tether is a platform that lets people use regular currencies, like the US dollar, in digital form on blockchains.
Its listing puts it this way: Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S. dollar.
Problem it says it solves: a stable digital dollar. 27 coins we have checked say the same; together they are worth $275,379,450,817.
Where it trades: Coinbase, Crypto.com, Kraken, Binance, OKX
Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.
Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.
What should make me careful?
Nothing printed today
None of the six tests fails. A missed promise counts only on a record a person has checked.
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The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.
The homework: the coin itself, the news, the record
The coin itself
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The last 7 days
Where today sits against its highest ever price
Highest ever: $1.32 on 23 July 2018. Today is 76% of that.
97%
of all USDT that will ever exist is already out in public hands: 183.43B coins.
3% (5.47B coins) is not yet created or held by the project. That is a small share. Those coins can be sold later, which can push the price down.
out held back. Each dot is 1%.
Meant to stay at one dollar
Holding it is holding a copy of a dollar. It is not built to rise.
- Nothing the project's own pages spell out.
That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.
- 183.43Bin circulation of 188.9B total. No hard maximum is set, so more can be created.
- of its all-time high of $1.32 on 23 July 2018. That is −24.4% from the top.
- #3by market cap, $183,374,895,713.
- Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.
Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.
What the news says
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Headlines per day, last 30 days
185 headlines named this coin in the last month.
What they were about
- Stablecoin23
- Upgrade18
- Hack17
- Treasury8
- Partnership6
- Regulation6
- Price6
- Banks5
- LBank adds EMBER, ANTHROPIG, and BATON to platform, unveils 30,000 USDT rewards promotion
- KuCoin Launches Crypto Cup With Up to 1,400,000 USDT Reward Pool During Global Football SeasonUpcoming
- TRON DAO Integrates TRC-20 USDT Payments On NEXUS CROSS Pay Gaming Platform
- Chainflip потерял 736 442 USDT из-за уявзимости в TRON
- Chainflip Crypto Hack: How Attackers Drain 736K USDT in 90 Minutes?
- Chainflip Loses $736K in USDT After TRON Exploit Triggers Double Payouts
- Tether Audit Confirms $6.8B, Buffer Halves in Q2 [2026]
- Chainflip Hack on Tron: How to Check Whether Your USDT Swap Is Still Stuck
- Chainflip loses 736,442 USDT in TRON exploit
- Chainflip loses 736,442 USDT in TRON exploit
- Circle's $400M Tazapay deal buys emerging market links that take ‘years to build’
- Chainflip Halts Network After $736K Tron USDT Exploit; Users to Be Made Whole
- Tether Helped the DOJ Freeze $52 Million Tied to a Telegram Scam Bazaar
- Tether Funds Startup Ark Labs Bringing Stablecoins to Bitcoin
- Drift Taps Tether For $150M Reboot, Signaling A Stablecoin Power Shift
- Drift Lines Up $150M Tether Deal To Relaunch After $285M Hack
- TRON DAO Integrates TRC-20 USDT Payments On NEXUS CROSS Pay Gaming Platform
- Reform UK Lands £72M Crypto Windfall From Two Billionaire Donors
- Is RLUSD Actually Regulated? What Ripple’s Trust Charter Means Versus Tether and USDCGovernment
- Is RLUSD Actually Regulated? What Ripple's Trust Charter Means Versus Tether and USDCGovernment
- US DOJ credits Tether for helping freeze $52M i...
- DOJ Credits Tether as Strike Force Restrains $52M Tied to Xinbi Guarantee
- KuCoin Launches Crypto Cup With Up to 1,400,000 USDT Reward Pool During Global Football SeasonUpcoming
- Tether Says DOJ Credited Its Assistance in $52 Million Xinbi Crypto Scam Crackdown
- Tether Backs LayerZero Labs After USDt0 Moves $70 Billion Across Blockchains
- Tether Hires White House Veteran to Launch USAT Stablecoin Under GENIUS ActGovernmentUpcoming
- Tether Backs LayerZero Labs After USDt0 Moves $70 Billion Across Blockchains
- TRON DAO Integrates TRC-20 USDT Payments On NEXUS CROSS Pay Gaming Platform
- 0.0950 Trade ALGO/USDT Spot | Crypto, bStocks & tCommodities
- Drift Taps Tether For $150M Reboot, Signaling A Stablecoin Power Shift
- Spark Opens Its USDT Savings Vault To OKX Users
- DOJ restrains $52M in crypto linked to global s...
- US DOJ restrains $52M in crypto with Tether’s help
- DOJ Credits Tether’s Assistance in $52 Million Enforcement Action Against Global Scam Network
- Spark Brings On-Chain USDT Savings to OKX App Via X Layer
- DOJ Tether enforcement helps dismantle $52M crypto scam network
- Lummis Uses $42M Tether Lawsuit to Push Senate Toward CLARITY ActGovernment
- быстро tether 2026 Android Installation Package
- Tether launches $400M crypto-backed private credit JV, targets $3B fundraiseUpcoming
- Bifrost's BFC Token Debuts on Upbit With Korean Won and USDT Pairs
185 headlines in the last month.
Headlines are the publishers' own. News is never placed next to price.
The record itself
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy
Tether is a platform that lets people use regular currencies, like the US dollar, in digital form on blockchains.
“Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner.”source · snapshot · captured 2026-09-13
Live. The record does not yet cite when this stage began.
No dated or committed promises have been recorded yet.
Others in stablecoins: Synthetix 6 of 11, Cap 3 of 10, A7A5 0 of 3, Frax USD 0 of 1, and 4 more.No public code repository is listed in this record.
The project's blog page last changed on 14 September 2026.
Nothing further to flag from the record as it stands.
This record was drafted by a machine from captured pages and has not yet been checked by a person. Treat every line as unverified until that note changes.