Overview
Tether(USDT)
Token Price$1-0.02%over 24h
All Time HighJul 23, 2018$1.32
All Time LowMar 1, 2015$0.57
Key Metrics
Market Cap$182.539b
Fully Diluted Valuation$188b
Circ. Supply182.726b USDT
Volume 24h$826.82m
CEX$826.75m
Spot$826.75m
USD Perp$3,224
COIN Perp$0
DEX$68,520
Spot$68,520
USD Perp$0
COIN Perp$0
Open Interest$14,828
CEX$14,828
USD Perp$14,828
COIN PerpN/A
DEXN/A
USD PerpN/A
COIN PerpN/A
Token information
Risks
How much debt can be issued against USDT as collateral across lending protocols.
Maximum possible exposure to USDT
$560.32m
$500.01m (max additional borrows against USDT) + $60.31m (bad debt if USDT was hacked now)
Aave V3
$510.91m at-risk exposure = $46.13m bad debt if hacked + $464.79m additional borrowable against USDT
Compound V3
$30.7m at-risk exposure = $0 bad debt if hacked + $30.7m additional borrowable against USDT
Euler V2
$4.55m at-risk exposure = $44,674 bad debt if hacked + $4.5m additional borrowable against USDT
Morpho V1
$12,764 at-risk exposure = $0.0013 bad debt if hacked + $12,764 additional borrowable against USDT
Maple
$14.14m at-risk exposure = $14.14m bad debt if hacked + $0 additional borrowable against USDT
SparkLend
$2.26 at-risk exposure = $2.26 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.
Markets
Token Usage
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Liquidations
Token liquidations need a subscription
Yields
Showing 10 of 770 pools
Borrow
Showing 10 of 99 routes