Tether (USDT) stablecoin analytics
Answer First
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
Is USDT safe?
USDT holds an A+ Safety Score grade (87/100) in Pharos's latest published rating — a safe-tier grade, so Pharos assesses it as overall safe, though no stablecoin is entirely risk-free. 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.
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 Sep 7, 2026
USDT's N/A overall grade is the sound of scale winning arguments: the peg record and the exit pillar sit at the top of the scale, economic control is strong, and backing is the weakest of the three pillars. That backing line carries secured loans, gold, bitcoin, and equities alongside the Treasury wall, and the card flags the attested composition as older than v9's freshness bound between quarterly reports. The Q2 2026 BDO attestation keeps assets ahead of liabilities, but the excess reserve buffer nearly halved...
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
Sources: CoinDesk: Tether Q2 2026 attestation ($1.5B operating profit, reserve buffer falls by half), CoinUnited: Revolut delists USDT for EU users by August 31, 2026 under MiCA, and Tether Transparency
- Collateral
- Q2 2026 attestation: $187.75B total assets vs $183.64B liabilities; about $140.6B in U.S. Treasury bills and reverse repurchase agreements, $18.8B precious metals, $5.8B Bitcoin, $13.5B secured loans, and a $4.11B 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
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 Sep 7, 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
Is USDT safe?
USDT holds an A+ Safety Score grade (87/100) in Pharos's latest published rating — a safe-tier grade, so Pharos assesses it as overall safe, though no stablecoin is entirely risk-free. 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.
What backs USDT?
Pharos classifies USDT backing as Real-World Asset Backed. Collateral, per the static profile: Q2 2026 attestation: $187.75B total assets vs $183.64B liabilities; about $140.6B in U.S. Treasury bills and reverse repurchase agreements, $18.8B precious metals, $5.8B Bitcoin, $13.5B secured loans, and a $4.11B 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.
