Profile
USDT profile facts
Tether (USDT) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar.
- 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 redemption through Tether for verified customers at $1 less applicable fees, subject to Tether's terms. 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 Attestation by BDO Italia Reserve source
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
USDT quick answers
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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 redemption through Tether for verified customers at $1 less applicable fees, subject to Tether's terms. Supply figures include USDT0 (omnichain variant via LayerZero lock-and-mint) deployed on 20+ additional chains.
Is USDT safe?
As of Oct 25, 2026, Pharos grades USDT A (83/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and direct redemption is limited to customers the issuer has verified. That grade is in the Score's upper band, which does not rule out losses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs USDT?
Pharos records USDT's reserves as of Jun 30, 2026 as 61.2% U.S. Treasury bills, 10% Precious metals, 9.9% Overnight reverse repurchase agreements, and 8 smaller holdings. Reserve evidence: Independent Attestation by BDO Italia, latest period ending Jun 30, 2026. Pharos classifies the backing as Real-World Asset Backed.
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 live dossier on this page.
How do you redeem USDT?
Under the route Pharos reviewed on Apr 16, 2026, customers the issuer has verified can redeem USDT for a single stable asset, such as cash or a stablecoin, with a $100,000 minimum. Settlement takes multiple days. The reviewed redemption fee is at most 0.1%. Whether a given holder qualifies is set by the route's own terms, not by this summary.
