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| 1 Year | 5 Year | 5 Year Annualized | Since IPO | |
|---|---|---|---|---|
| USDT | -0.23% | -0.27% | -0.05% | -17% |
| S&P | +13.99% | +77.08% | +12.11% | +225% |
USDT is a stablecoin issued by Tether Limited, pegged to the US dollar and designed for use across multiple blockchains. It enables trading, payments, remittances and decentralised finance by offering a digital representation of the dollar with broad market liquidity. Tether states that each USDT is redeemable for $1 and backed by reserves comprising US Treasuries, cash equivalents and other assets. Reserve reports are published quarterly through attestations. USDT plays a central role in crypto market infrastructure and maintains the highest trading volume among stablecoins. It has undergone regulatory reviews in the US, including settlements with the NYAG and CFTC, and operates in line with its offshore framework. Tether continues to adjust its reserve composition and respond to evolving global standards while supporting the token's role in digital finance ecosystems.
Tether is still a great stablecoin to buy in this unstable market.
Stablecoin reserves are now comparable to some brokerage cash balances – but they still trail the trillions in customer deposits held by major banks.
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