USDT • Largest stablecoin by market cap
Fiat BackedSources: OKX Official Announcements, Corporate Intelligence
On September 9, 2025, Tether announced the integration of USDT0 with OKX exchange, significantly enhancing cross-chain liquidity capabilities. This development represents a major advancement in USDT's multi-blockchain strategy.
Sources: Corporate Filings, Tether Official Communications
Bo Hines was appointed as Strategic Advisor for US Strategy on August 19, 2025, strengthening Tether's American market positioning following the GENIUS Act implementation.
Sources: Market Intelligence Reports, Blockchain Analytics
USDT recorded its largest single-day issuance of 2025 with a $1 billion mint on Ethereum on August 20. Market capitalization maintains between $144-149 billion.
Sources: Tether Technical Announcements, Network Analysis
Tether has revised blockchain sunset plans for legacy networks including Omni, Bitcoin Cash, Kusama, EOS, and Algorand, focusing resources on high-performance networks while maintaining system stability with no depegging events detected.
Sources: Tether technical announcements
September 1, 2025: Tether officially ended USDT support on five legacy blockchains including Omni, Bitcoin Cash SLP, Kusama, EOS, and Algorand. Decision follows internal review of blockchain activity and market demand, with tokens frozen and redemptions halted. Users urged to migrate to supported networks before deadline to avoid stranded assets.
The Growing and Enhancing Needed Innovations for Unleashing Stablecoins (GENIUS) Act has created a new regulatory framework that directly benefits USDT operations, providing enhanced regulatory clarity and institutional confidence.
| Feature | USDT (Tether) | USDC (Circle) | DAI (MakerDAO) |
|---|---|---|---|
| Market Cap | $162B | $34B | $4.2B |
| Market Share | 🥇 62% (Largest) | 🥈 25% | 🥉 3% |
| Exchanges | ✅ 500+ exchanges | ⚠️ Limited compared to USDT | 🔗 DeFi-focused |
| Regulation | ⚠️ Regulatory scrutiny | ✅ Fully regulated | 🔗 Decentralized protocol |
| Best For | 💹 Trading & liquidity | 🏢 Institutional compliance | 🔗 DeFi applications |
Largest stablecoin by market cap
Tether (USDT) is the world's largest stablecoin by market capitalization, founded in 2014 by Tether Limited. Designed to maintain a 1:1 peg with the US Dollar, USDT has become the backbone of cryptocurrency trading and DeFi ecosystems globally.
With support across 500+ exchanges and multiple blockchain networks, USDT provides the most liquid and widely-accepted digital dollar in the cryptocurrency space.
USDT is deployed across 30+ blockchain networks, making it the most widely accessible stablecoin. Each deployment uses network-specific token standards while maintaining 1:1 USD backing.
| Network | Standard | Explorer |
|---|---|---|
| Ethereum | ERC-20 | Etherscan |
| Tron | TRC-20 | Tronscan |
| BSC | BEP-20 | BSCScan |
| Polygon | ERC-20 | PolygonScan |
| Solana | SPL | Solscan |
| Arbitrum | ERC-20 | Arbiscan |
| Network | TPS | Block Time | Avg Fee |
|---|---|---|---|
| Ethereum | ~15 | 12s | $5-50 |
| Tron | ~2,000 | 3s | $0.01 |
| BSC | ~100 | 3s | $0.10 |
| Polygon | ~7,000 | 2s | $0.01 |
| Solana | ~3,000 | 400ms | $0.0002 |
| Arbitrum | ~4,000 | 250ms | $0.01 |
Beginning September 1, 2025, Tether is discontinuing support for legacy blockchains with low activity. All major networks listed above remain fully supported with active development and liquidity.