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Tether Stablecoin issuer

The most-traded dollar in crypto markets

HQ El Salvador ·Founded 2014 ·Parent iFinex Inc. ·Status Private ·Employees 150
Tokens mkt cap
$140B+
Tokens issued
2
HQ
El Salvador
Founded
2014
Employees
150
Last attestation
Q1 2025
Editor's brief

The desk's read on Tether

Dominant in trading volume but historically scrutinized for reserve disclosure depth. BDO attestations have improved transparency without rising to a full audit.

Tokens issued

Tokens issued by Tether

2 tokens
Ticker Name Type Pegged to Primary chain Market cap
USDT Tether USD stablecoin-usd US Dollar Multi-chain $140B+
XAUT Tether Gold commodity-backed Physical gold Ethereum
Reserves & transparency

What backs Tether's tokens

Latest report
Q1 2025
AuditorBDO Italia
Type attestation
Open report
Backing health

Reserves / liabilities · per Q1 2025 attestation


Editorial note: we never characterize an issuer as "fully audited" unless the report scope is a full audit (per spec §3). The label above reflects what BDO Italia actually delivered.

Leadership

Who runs Tether

Giancarlo Devasini
CFO
Regulatory posture

Where Tether operates

Jurisdiction Regulator Status License # Notes
El Salvador CNAD Active Registered Digital Asset Service Provider (2023).
British Virgin Islands FSC Active
United States NYDFS / CFTC Restricted $18.5M NYDFS settlement Feb 2021; $41M CFTC settlement Oct 2021.
Tether in the news

Latest coverage

No recent Tether coverage indexed yet. New stories appear here as they're published.

Frequently asked questions

About Tether

No published FAQs yet for Tether. Editorial Q&As will appear here as they are sourced and verified.