Key Metrics
Fees (Annualized)$5.92b
Fees 30d$481.64m
Off Chain$481.64m
Fees 7d$111.37m
Off Chain$111.37m
Fees 24h$15.9m
Off Chain$15.9m
Cumulative Fees$19.132b
Off Chain$19.132b
Revenue (Annualized)$5.92b
Revenue 30d$481.64m
Off Chain$481.64m
Revenue 7d$111.37m
Off Chain$111.37m
Revenue 24h$15.9m
Off Chain$15.9m
Cumulative Revenue$19.132b
Off Chain$19.132b
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 is Tether?
Tether is a company that issues the USDT stablecoin, facilitating stable value transfers across blockchain networks
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 $481.64m in fees. Of that, $481.64m was protocol revenue. Based on the trailing year, the annualized rate is $5.92b in fees and $5.92b 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 $221.16m 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.
