USDT0(USDT0)

Token Price$1+0.01%over 24h

All Time HighJan 23, 2025$1.05

All Time LowFeb 27, 2025$0.98

Key Metrics

Market Cap$3.582b

Fully Diluted Valuation$3.582b

Circ. Supply3.585b USDT0

Volume 24h$1.93m

CEX$0

Spot$0

USD Perp$0

COIN Perp$0

DEX$1.93m

Spot$1.93m

USD Perp$0

COIN Perp$0

Website X/Twitter

Risks

How much debt can be issued against USDT0 as collateral across lending protocols.

Maximum possible exposure to USDT0

$11.26m

$5.93m (max additional borrows against USDT0) + $5.34m (bad debt if USDT0 was hacked now)

HyperLend Pooled

$3.07m at-risk exposure = — bad debt if hacked + $3.07m additional borrowable against USDT0

Euler V2

$1.65m at-risk exposure = $156,074 bad debt if hacked + $1.5m additional borrowable against USDT0

Neverland

$1.36m at-risk exposure = — bad debt if hacked + $1.36m additional borrowable against USDT0

Compound V3

$631.63 at-risk exposure = $5.55 bad debt if hacked + $626.08 additional borrowable against USDT0

Morpho V1

$918.67 at-risk exposure = $825.93 bad debt if hacked + $92.74 additional borrowable against USDT0

Aave V3

$5.18m at-risk exposure = $5.18m bad debt if hacked + $0 additional borrowable against USDT0

Methodology and limitations

Showing collateral exposure for USDT0 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 USDT0 as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.

Protocol	Chain
HyperLend Pooled	Hyperliquid L1	USDT00xb8ce59fc3717ada4c02eadf9682a9e934f625ebb	$3.07m	—
Euler V2	Unichain	USDT00x9151434b16b9763660705744891fa906f660ecc5	$1.42m	$9,664
Neverland	Monad	USDT00xe7cd86e13ac4309349f30b3435a9d337750fc82d	$1.36m	—
Euler V2	Arbitrum	USDT00xfd086bc7cd5c481dcc9c85ebe478a1c0b69fcbb9	$47,155	$9,360
Euler V2	Plasma	USDT00xb8ce59fc3717ada4c02eadf9682a9e934f625ebb	$25,139	$137,050
Compound V3	Arbitrum	USDT00xfd086bc7cd5c481dcc9c85ebe478a1c0b69fcbb9	$626.08	$5.55
Morpho V1	Arbitrum	USDT00xfd086bc7cd5c481dcc9c85ebe478a1c0b69fcbb9	$92.74	$825.93
Aave V3	Arbitrum	USDT00xfd086bc7cd5c481dcc9c85ebe478a1c0b69fcbb9	$0	$2.26m
Aave V3	Polygon	USDT00xc2132d05d31c914a87c6611c10748aeb04b58e8f	$0	$2.92m

Loading exposure details...

Markets

Loading USDT0 markets...

Token Usage

Token usage needs a subscription

Liquidations

Token liquidations need a subscription

Yields

Showing 10 of 323 pools

Pool	Reference	Protocol
1 aPlaUSDT0Aave Plasma USDT0	USDT0	Aave V3	$655.13m	-$44.54m	4.59%4.14%+0.45%	—	Stable 84	—
2 aManUSDT0Aave Mantle USDT0	USDT0	Aave V3	$102.32m	-$27.32m	4.43%3.06%+1.36%	—	Stable 94	—
3 eUSDT0-7EVK Vault eUSDT0-7Frozen	USDT0	Euler V2	$90.79m	—	0.18%	—	Stable 100	—
4 aXlrUSDT0Aave XLayer USDT0	USD₮0	Aave V3	$81.38m	+$51.79m	2.53%	—	Stable 87	3,255
5 aMonUSDT0Aave Monad USDT0	USDT0	Aave V3	$74.06m	+$3.73m	5.38%4.02%+1.37%	—	Stable 92	440
6 aArbUSDTAave Arbitrum USDT	USD₮0	Aave V3	$45.56m	+$85,841	3.22%	—	Stable 93	25,451
7 fUSDTFluid Tether USD	USD₮0	Fluid Lending	$39.06m	-$75,849	4.40%	—	Stable 92	1,686
8 aPolUSDTAave Polygon USDT	USDT0	Aave V3	$30.72m	-$668,897	3.50%	—	Stable 97	27,533
9 COREUSDT0Core USDT0	USD₮0	Mystic Finance Lending🪂	$21.88m	—	4.48%	—	Stable 85	—
10 gtusdtbStableEarn	USDT0	Morpho Blue	$20.2m	+$358,636	6.19%	—	Stable 97	—

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Page 1 of 33

Borrow

Showing 10 of 59 routes

Use USDT0Borrow USDT0

Collateral / Borrow	Protocol
1 USD₮0 / spSEI	Takara Lend🪂	+17.85%	19.87%18.27%+1.60%	2.02%	$2.61m	75%
2 USD₮0 / WSEI	Takara Lend🪂	+16.51%	19.87%18.27%+1.60%	3.36%	$874,197	75%
3 USDT0 / cbBTCNeverland Markets	Neverland	+10.99%	7.97%3.21%+4.76%	-3.03%4.87%-7.90%	$50,631	85%
4 USD₮0 / FXRP	Kinetic	+10.48%	11.19%9.44%+1.75%	0.70%	$17.57m	80%
5 USD₮0 / stXRPFrozen	Kinetic	+9.17%	11.19%9.44%+1.75%	2.02%	$21,039	80%
6 USD₮0 / WFLRFrozen	Kinetic	+9.17%	11.19%9.44%+1.75%	2.02%	$17,625	80%
7 USD₮0 / flrETH	Kinetic	+9.15%	11.19%9.44%+1.75%	2.04%	$1.78m	80%
8 USD₮0 / sFLR	Kinetic	+8.47%	11.19%9.44%+1.75%	2.72%	$3.43m	80%
9 USD₮0 / FXRP	Kinetic	+8.25%	8.96%7.31%+1.65%	0.70%	$17.57m	80%
10 USD₮0 / kHYPE	HyperLend Pooled	+7.10%	7.10%	<0.01%	$34,310	62%

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Protocol	Chain
HyperLend Pooled	Hyperliquid L1	USDT00xb8ce59fc3717ada4c02eadf9682a9e934f625ebb	$3.07m	—
Euler V2	Unichain	USDT00x9151434b16b9763660705744891fa906f660ecc5	$1.42m	$9,664
Neverland	Monad	USDT00xe7cd86e13ac4309349f30b3435a9d337750fc82d	$1.36m	—
Euler V2	Arbitrum	USDT00xfd086bc7cd5c481dcc9c85ebe478a1c0b69fcbb9	$47,155	$9,360
Euler V2	Plasma	USDT00xb8ce59fc3717ada4c02eadf9682a9e934f625ebb	$25,139	$137,050
Compound V3	Arbitrum	USDT00xfd086bc7cd5c481dcc9c85ebe478a1c0b69fcbb9	$626.08	$5.55
Morpho V1	Arbitrum	USDT00xfd086bc7cd5c481dcc9c85ebe478a1c0b69fcbb9	$92.74	$825.93
Aave V3	Arbitrum	USDT00xfd086bc7cd5c481dcc9c85ebe478a1c0b69fcbb9	$0	$2.26m
Aave V3	Polygon	USDT00xc2132d05d31c914a87c6611c10748aeb04b58e8f	$0	$2.92m

Pool	Reference	Protocol
1 aPlaUSDT0Aave Plasma USDT0	USDT0	Aave V3	$655.13m	-$44.54m	4.59%4.14%+0.45%	—	Stable 84	—
2 aManUSDT0Aave Mantle USDT0	USDT0	Aave V3	$102.32m	-$27.32m	4.43%3.06%+1.36%	—	Stable 94	—
3 eUSDT0-7EVK Vault eUSDT0-7Frozen	USDT0	Euler V2	$90.79m	—	0.18%	—	Stable 100	—
4 aXlrUSDT0Aave XLayer USDT0	USD₮0	Aave V3	$81.38m	+$51.79m	2.53%	—	Stable 87	3,255
5 aMonUSDT0Aave Monad USDT0	USDT0	Aave V3	$74.06m	+$3.73m	5.38%4.02%+1.37%	—	Stable 92	440
6 aArbUSDTAave Arbitrum USDT	USD₮0	Aave V3	$45.56m	+$85,841	3.22%	—	Stable 93	25,451
7 fUSDTFluid Tether USD	USD₮0	Fluid Lending	$39.06m	-$75,849	4.40%	—	Stable 92	1,686
8 aPolUSDTAave Polygon USDT	USDT0	Aave V3	$30.72m	-$668,897	3.50%	—	Stable 97	27,533
9 COREUSDT0Core USDT0	USD₮0	Mystic Finance Lending🪂	$21.88m	—	4.48%	—	Stable 85	—
10 gtusdtbStableEarn	USDT0	Morpho Blue	$20.2m	+$358,636	6.19%	—	Stable 97	—

Collateral / Borrow	Protocol
1 USD₮0 / spSEI	Takara Lend🪂	+17.85%	19.87%18.27%+1.60%	2.02%	$2.61m	75%
2 USD₮0 / WSEI	Takara Lend🪂	+16.51%	19.87%18.27%+1.60%	3.36%	$874,197	75%
3 USDT0 / cbBTCNeverland Markets	Neverland	+10.99%	7.97%3.21%+4.76%	-3.03%4.87%-7.90%	$50,631	85%
4 USD₮0 / FXRP	Kinetic	+10.48%	11.19%9.44%+1.75%	0.70%	$17.57m	80%
5 USD₮0 / stXRPFrozen	Kinetic	+9.17%	11.19%9.44%+1.75%	2.02%	$21,039	80%
6 USD₮0 / WFLRFrozen	Kinetic	+9.17%	11.19%9.44%+1.75%	2.02%	$17,625	80%
7 USD₮0 / flrETH	Kinetic	+9.15%	11.19%9.44%+1.75%	2.04%	$1.78m	80%
8 USD₮0 / sFLR	Kinetic	+8.47%	11.19%9.44%+1.75%	2.72%	$3.43m	80%
9 USD₮0 / FXRP	Kinetic	+8.25%	8.96%7.31%+1.65%	0.70%	$17.57m	80%
10 USD₮0 / kHYPE	HyperLend Pooled	+7.10%	7.10%	<0.01%	$34,310	62%

Overview