Overview
Risks
How much debt can be issued against USDT as collateral across lending protocols.
Maximum possible exposure to USDT
$1.263b
$885.32m (max additional borrows against USDT) + $377.46m (bad debt if USDT was hacked now)
Aave V3
$552.83m at-risk exposure = $45.22m bad debt if hacked + $507.62m additional borrowable against USDT
Venus Core Pool
$342.49m at-risk exposure = $10.6m bad debt if hacked + $331.88m additional borrowable against USDT
Compound V3
$40.77m at-risk exposure = $1.2 bad debt if hacked + $40.77m additional borrowable against USDT
Euler V2
$5.07m at-risk exposure = $23,681.09 bad debt if hacked + $5.05m additional borrowable against USDT
Lista Lending
$3,724.42 at-risk exposure = $0 bad debt if hacked + $3,724.42 additional borrowable against USDT
Morpho V1
$313.37m at-risk exposure = $313.37m bad debt if hacked + $801.78 additional borrowable against USDT
Maple
$8.25m at-risk exposure = $8.25m bad debt if hacked + $0 additional borrowable against USDT
SparkLend
$2.57 at-risk exposure = $2.57 bad debt if hacked + $0 additional borrowable against USDT
Methodology and limitations
Showing collateral exposure for USDT on onchain. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.
- These metrics describe lending exposure only and are not a full protocol risk rating.
- This view does not include multisigs, timelocks, audits, oracle incidents, listing discussions, curator reports, or protocol backstops.
- Chain-specific drilldown is exact only when the token resolves to a concrete chain:address.
- Bad debt at $0 is a lower bound when some contributing markets return null for zero-price bad debt; null rows are excluded instead of being treated as zero.
Show exposure details
Each row is one protocol-chain exposure for USDT as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.
Token Usage
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Liquidations
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