Too Big to Depeg
Tether commands more stablecoin market cap than the next four competitors combined, backed by a reserve that is 92% U.S. Treasuries and reverse repos — a composition that would have seemed implausible five years ago. Deployed natively across 28 chains with the deepest DEX liquidity of any stablecoin, USDT's infrastructure moat runs as deep as its capital reserves. The safety profile tells the expected story: near-perfect peg stability and overwhelming exit liquidity held back by a decentralization score that reflects what everyone knows — one company in El Salvador with freeze authority underwrites the world's most important dollar. Direct redemptions require a verified Tether account and a substantial minimum, so the peg for most holders is maintained by arbitrageurs rather than a personal right to redeem.
Detailed stablecoin analytics coming soon...