24h Change-0.025%
All Time HighJan 23, 2025$1.05
All Time LowFeb 28, 2025$0.98
Market Cap$4.06b
Fully Diluted Valuation$4.06b
Circ. Supply4.065b USDT0
CEX Volume$0
DEX Volume$109.92m
How much debt can be issued against USDT0 as collateral across lending protocols.
Maximum possible exposure to USDT0
$107.95m
$99.5m (max additional borrows against USDT0) + $8.45m (bad debt if USDT0 was hacked now)
Aave V3
$68.4m at-risk exposure = $8.42m bad debt if hacked + $59.97m additional borrowable against USDT0
Tydro
$25.63m at-risk exposure = -- bad debt if hacked + $25.63m additional borrowable against USDT0
Neverland
$8.77m at-risk exposure = -- bad debt if hacked + $8.77m additional borrowable against USDT0
HyperLend Pooled
$3.04m at-risk exposure = -- bad debt if hacked + $3.04m additional borrowable against USDT0
Euler V2
$1.95m at-risk exposure = $28,154 bad debt if hacked + $1.92m additional borrowable against USDT0
Compound V3
$157,384 at-risk exposure = -- bad debt if hacked + $157,384 additional borrowable against USDT0
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.
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 | |||
|---|---|---|---|---|
USDT00xfd086bc7cd5c481dcc9c85ebe478a1c0b69fcbb9 | $50.1m | $4.99m | ||
USDT00x0200c29006150606b650577bbe7b6248f58470c1 | $25.63m | — | ||
USDT00xc2132d05d31c914a87c6611c10748aeb04b58e8f | $9.87m | $3.43m | ||
USDT00xe7cd86e13ac4309349f30b3435a9d337750fc82d | $8.77m | — | ||
USDT00xb8ce59fc3717ada4c02eadf9682a9e934f625ebb | $3.04m | — | ||
USDT00x9151434b16b9763660705744891fa906f660ecc5 | $1.67m | $13,534 | ||
USDT00xfd086bc7cd5c481dcc9c85ebe478a1c0b69fcbb9 | $201,526 | $14,619 | ||
USDT00xfd086bc7cd5c481dcc9c85ebe478a1c0b69fcbb9 | $157,384 | — | ||
USDT00xb8ce59fc3717ada4c02eadf9682a9e934f625ebb | $53,323 | $1.04 |
Risk-management actions published about USDT0 by tracked risk managers and governance contributors, newest first.
USDT0 liquidity on Mantle has met thresholds to enable it as collateral in eMode Category 2, supporting stablecoin-to-stablecoin arbitrage and deeper market-making.
Internal modeling confirms USDT0's stable liquidity and volatility support an LLTV increase from 86% to 88%, enhancing usage while preserving a conservative risk buffer.
USDT0 has very low user engagement in the Arbitrum WETH market, with average supply cap utilization at 0.05% over the past 30 days. The 50% cap decrease is intended to cut down on idle risk exposure.
Market comparisons and internal modeling show USDT0's on-chain liquidity and volatility support a modest LLTV increase to align with competitive norms while preserving risk buffers.
USDT0 supply on Base is negligible at $6, far under $100K, indicating no meaningful usage or liquidity.
USDT0 is enabled as borrowable in multiple stablecoin e-modes alongside WETH, BTC.b, and LSTs, with supply and borrow caps set to support initial utilization on MegaETH without isolation.
USDT0 is included in the new Theo market with LTVs matching the existing setup, leveraging its established liquidity to support borrowing and collateral roles in the isolated environment.
The Slope2 Risk Oracle applies to USDT0 markets, dynamically adjusting the slope2 parameter based on utilization persistence to smooth interest-rate spikes during short-term volatility while escalating rates only for sustained stress, enhancing capital efficiency without added risk.
USDT0 is being enabled as a borrowable asset against tETH collateral at an 80% LLTV, expanding stablecoin borrowing options backed by tETH.
USDT0 is being onboarded to the new Euler Yield market on Arbitrum to enable capital-efficient stablecoin looping for delta-neutral yield strategies. This supports participation in Arbitrum's 80M ARB DRIP incentive program, which emphasizes stablecoin looping, with risk parameters to be set by Gauntlet and Objective Labs.
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Showing 10 of 57 pools
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabAUSD-USDC-USDT0 | $3.51m | 12.21% | 0% | 12.21% | 13.50% | ||||
| open in new tabUSDC-USDT00.002% | $1.64m | 11.68% | 11.68% | 19.66% | |||||
| open in new tabUSDT0-BSB0.3% | 🪂 | $647,792 | 8.08% | 8.08% | 26.64% | ||||
| open in new tabWBTC-USDT0Uniswap | $431,866 | 35.66% | 47.84% | ||||||
| open in new tabOPG-USDT00.3% | 🪂 | $373,080 | 10.46% | 10.46% | 11.99% | ||||
| open in new tabWHYPE-USDT00.03% | $236,732 | 95.31% | 95.31% | 202% | |||||
| open in new tabWETH-USDT0Pancakeswap | $108,116 | 19.70% | 26.44% | ||||||
| open in new tabUSDT0-WETHUniswap | $81,782 | 16.97% | 27.07% | ||||||
| open in new tabLINK-USDT0Uniswap | $45,369 | 15.86% | 21.02% | ||||||
| open in new tabWPOL-USDT0Uniswap | $20,838 | 19.10% | 30.80% |
Showing 10 of 52 routes
Pool | Project | Chain | |||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabUSDT0 âžž USDE | $134.87m | 4.14% | -2.55% | 85% | $14.58m | $6.89m | |||
| open in new tabUSDT0 âžž WBTC | $48.71m | 5.67% | -0.75% | 85% | $14.58m | $6.89m | |||
| open in new tabUSDT0 âžž WBTC | $48.71m | 3.17% | 3.73% | -0.75% | 75% | $819.17m | $695.66m | ||
| open in new tabUSDT0 âžž WETH | $15.49m | 4.83% | -1.74% | 85% | $14.58m | $6.89m | |||
| open in new tabUSDT0 âžž GHO | $7.71m | 3.13% | -3.74% | 85% | $14.58m | $6.89m | |||
| open in new tabUSDT0 âžž WETH | $1.94m | 4.83% | -1.74% | 85% | $14.58m | $6.89m | |||
| open in new tabUSDT0 âžž WETH | $1.07m | 5.27% | -1.22% | 85% | $14.58m | $6.89m | |||
| open in new tabUSDT0 âžž WETH | $1.07m | 2.82% | 3.73% | -1.22% | 75% | $819.17m | $695.66m | ||
| open in new tabUSDT0 âžž AUSD | $17,140 | 4.37% | -2.28% | 85% | $14.58m | $6.89m | |||
| open in new tabUSDT0 âžž USDC | $8,250 | 3.29% | -3.54% | 85% | $14.58m | $6.89m |
