Key Metrics
Fees (Annualized)$5.914b
Fees 30d$478.1m
Off Chain$478.1m
Fees 7d$111.22m
Off Chain$111.22m
Fees 24h$15.84m
Off Chain$15.84m
Cumulative Fees$19.291b
Off Chain$19.291b
Revenue (Annualized)$5.914b
Revenue 30d$478.1m
Off Chain$478.1m
Revenue 7d$111.22m
Off Chain$111.22m
Revenue 24h$15.84m
Off Chain$15.84m
Cumulative Revenue$19.291b
Off Chain$19.291b
Total Raised$600m
Nov 23, 2023$600mRound: EquityInvestors: Cantor Fitzgerald
Protocol Information
Tether is a company that issues the USDT stablecoin, facilitating stable value transfers across blockchain networks
Methodology
Fees: Asset yields from USDT backing investments: US Treasury Bills and other fixed-income assets like repos, commercial paper, money market funds and secured loans.View code on GitHubRevenue: Asset yields from USDT backing investments (US Treasury Bills and other fixed-income assets like repos, commercial paper, money market funds and secured loans) collected by Tether.View code on GitHubHacks
Date: Nov 19, 2017
Amount: $30.95m
Classification: Key Compromise
Technique: Private Key Compromised
Chains: Bitcoin
Target Type: Token
Competitors
Frequently Asked Questions
What chains does Tether operate on?
Tether operates on Off Chain.
How much has Tether generated in fees and revenue?
Over the past 30 days, Tether generated $478.1m in fees. Of that, $478.1m was protocol revenue. Based on the trailing year, the annualized rate is $5.914b in fees and $5.914b in revenue.
How does Tether's TVL compare to similar protocols?
Among Stablecoin Issuer protocols tracked by DefiLlama, Tether ranks #3 by TVL. The category holds $185.66m across 6 protocols, and Tether accounts for 0% of that total. Other leading protocols include M0, Circle USDC, MetaMask USD, Paxos Stablecoin Issuer, and Ripple USD.
Has Tether ever been exploited?
Tether has 1 recorded security incident. The most recent incident occurred on Nov 19, 2017 and involved $30.95m. It was classified as Key Compromise.
