Tether issues USDT, the largest stablecoin by market cap with over $145B in circulation. Reserves are primarily held in US Treasury bills through Cantor Fitzgerald. Tether publishes quarterly attestation reports through BDO Italia but has never completed a full independent audit. Despite transparency concerns, USDT dominates global trading volume and emerging market dollar access.
Visit Tether (USDT)Largest stablecoin by market cap ($145B+). Deepest liquidity across all exchanges and chains. Dominant in emerging market remittance and trading.
No full independent audit has ever been published. Quarterly attestations by BDO Italia provide limited assurance. Reserve composition has historically included commercial paper and secured loans. GENIUS Act compliance is uncertain.
1 independent party or system must fail before a Tether (USDT) holder's bitcoin is at risk.
Tether (USDT)'s custody insurance is not publicly disclosed.
Tether (USDT) uses a single custodian (cantor fitzgerald) model and scores 62/100 in our independent review, including 55/100 on custody security. One institution can move funds, which is a single point of failure. Safety depends on your priorities; see the full score breakdown above.
Tether (USDT)'s custody insurance is not publicly disclosed in a form we can verify. Where it exists, custody insurance covers specific named events up to shared limits and does not cover price loss. Confirm coverage in writing before relying on it.
Because Tether (USDT) holds custody through a single institution, recovery in a failure would run through that institution's bankruptcy or resolution process and depends on whether assets were segregated and properly titled. This is the concentration risk of single-custodian models.
Tether (USDT) does not advertise a dedicated inheritance or beneficiary feature in the data we track. Confirm current options with the provider, since custody inheritance handling changes.