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USDT reserves vs supply

Data as of
Token
Tether USD — Tether
Issuing entity
Tether International, S.A. de C.V.
Network
ethereum
Contract
0xdac17f958d2e… · 6 decimals
Latest report dated
Engagement level
Engagement level: Examination
Attestation status
STALE · CONSOLIDATED GROUP SCOPE

USDT reserve coverage on ReserveBeat is read from Tether's own published attestation report as of 2026-06-30, cross-checked against independently measured on-chain supply. Every figure renders verbatim at its stated scope, with its source tier and freshness beside it — never adjusted, and never a solvency judgment.

01Coverage

Coverage history

Latest attested coverage
Attested at consolidated group scope: the issuer's report states one redemption value across every token it issues, so no per-token coverage ratio is derived.
Reporting cadence
QUARTERLY OBSERVED

Get this as JSON: /v1/board/tokens/USDT Current figures are free with no key. Client examples

02Attestation

Latest attestation — 2026-06

source tier
ISSUER_ATTESTED
composition as of
2026-06-30 (report dates: 2026-06-30)
source document
aa7322474c67… · template tether-usdt-v2

View the full attestation →

Reserve composition
kindline (verbatim)amountunit
TOTALTotal Assets (1+2+3+4+5+6+7)187,751,426,411.000000USD
LIABILITYUS$ 183,622,105,630 relates to digital tokens issued183,622,105,630.000000USD
CATEGORYU.S. Treasury Bills114,960,963,604.000000USD
CATEGORYPrecious Metals18,838,357,171.000000USD
CATEGORYOvernight Reverse Repurchase Agreements18,625,552,412.000000USD
CATEGORYSecured Loans13,453,749,726.000000USD
CATEGORYTerm Reverse Repurchase Agreements6,993,428,950.000000USD
CATEGORYBitcoin5,801,630,681.000000USD
CATEGORYOther Investments5,244,911,675.000000USD
CATEGORYPublic Equities3,761,438,892.000000USD
CATEGORYCash & Bank Deposits40,307,440.000000USD
CATEGORYNon-US Treasury Bills22,374,689.000000USD
CATEGORYCorporate Bonds8,711,171.000000USD

The full document holds 13 parsed rows; position detail beyond the lines above stays in the hash-anchored artifacts.

All attestations →

03Corroboration

Regulator-filed corroboration

Regulator-filed corroboration shows the SEC-filed N-MFP net-asset figure for a fund the issuer's own attestation names, side by side with the attested figure, each carrying its own provenance. It never enters any ratio, never adjusts any attested figure, and says nothing about reserves the filing does not cover; a divergence beyond tolerance opens an incident and both figures keep rendering unchanged.

NOT_APPLICABLE

no SEC-registered fund is named in this token's attested reserves

04Supply

Measured supply series

contract
0xdac17f958d2ee523a2206206994597c13d831ec7 · 6 decimals
Measured supply series
time (UTC)blocksupplytieranchor
2026-10-19 10:172622597488,302,633,055.70 USDTSTORAGE_PROVENUNANCHORED
2026-10-19 09:132622565588,302,633,055.70 USDTSTORAGE_PROVENUNANCHORED
2026-10-19 08:162622536888,302,633,055.70 USDTSTORAGE_PROVENUNANCHORED
2026-10-19 07:182622508188,302,633,055.70 USDTSTORAGE_PROVENUNANCHORED
2026-10-19 05:492622463588,302,633,055.70 USDTSTORAGE_PROVENUNANCHORED
2026-10-19 05:172622447688,302,633,055.70 USDTSTORAGE_PROVENUNANCHORED
2026-10-19 04:132622415888,302,633,055.70 USDTSTORAGE_PROVENUNANCHORED
2026-10-19 03:152622387088,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-19 02:172622358288,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-19 01:132622326588,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-19 00:162622297788,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-18 23:122622265888,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-18 22:142622237088,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-18 21:172622208488,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-18 20:132622176488,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-18 19:152622147688,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-18 18:172622118988,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-18 17:132622087088,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-18 16:162622058488,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-18 15:052622023288,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-18 14:142621997788,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-18 13:172621969288,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-18 12:192621940588,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-18 11:152621908588,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-18 10:172621879788,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-18 09:132621847988,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-18 08:162621819188,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-18 07:182621790488,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-18 06:142621758788,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-18 05:172621729988,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-18 04:132621698288,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-18 03:152621669588,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-18 02:172621640988,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-18 01:132621608988,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-18 00:162621580388,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-17 23:182621551588,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-17 22:142621519588,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-17 21:172621490888,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-17 20:132621458988,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-17 19:152621430588,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-17 18:172621401888,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-17 17:202621373088,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-17 15:502621328388,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-17 15:182621312388,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-17 14:142621280488,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-17 13:172621251788,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-17 12:132621219988,302,633,055.70 USDTSTORAGE_PROVENANCHORED
2026-10-17 11:152621191188,302,633,055.70 USDTSTORAGE_PROVENANCHORED

05Embed

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USDT attested reserve coverage on ReserveBeat — a figure read verbatim from the issuer's published report, never a solvency claim
[![USDT attested reserve coverage on ReserveBeat — a figure read verbatim from the issuer's published report, never a solvency claim](https://reservebeat.com/badge/usdt.svg)](https://reservebeat.com/stablecoins/usdt?utm_source=badge&utm_medium=bio&utm_campaign=usdt-coverage)

This badge serves the live figure this page renders — read verbatim from the issuer's published attestation report at its stated scope, and linked back to this page's methodology and limits. When figures are withheld or attested only at consolidated scope, the badge says so instead of showing a ratio. It is not a solvency claim.

Other badges for this token, and the evidence-chain badge, are in the badge builder.

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Paste this into any page to show this token's live figure card, served from ReserveBeat. It shows the same states as the badge above — a ratio only where the issuer's report states one per token, and a stated absence otherwise — and links back to this page. It is not a solvency claim.

Research on USDT

Questions about USDT

06Alerts

Get alerted when USDT's next attestation drops

Get alerted when USDT's next attestation drops

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Cite this · How to quote and cite

  • Data: ReserveBeat — https://reservebeat.com/stablecoins/usdt#reserves — figure as reported in Tether's attestation dated 2026-06-30.
    Source report
  • Data: ReserveBeat — https://reservebeat.com/stablecoins/usdt#supply — supply measured on ethereum at 2026-10-19T10:17:59Z.

Each coverage ratio divides two figures from the same issuer attestation at the same as-of date. On-chain measurements never enter a ratio — they are the independent cross-check of the liability side.

This issuer attests its reserves at consolidated group scope: one total redemption value across every token it issues, with no per-token itemization for this token. A ratio only ever divides figures the document itself states at the same as-of date, so no per-token coverage ratio or on-chain reconciliation is derived here; the reserve composition renders at its stated scope.

Timestamps reflect the underlying data — when a figure was captured or a report was published — never when a page was built.

07Questions

Common questions

What does the coverage ratio mean?

It divides two figures the issuer's own attestation report states at the same as-of date — total reserve against tokens outstanding. It renders verbatim with its source tier and freshness, and it is never a judgment of reserve sufficiency.

Why might no ratio be shown for this token?

Either the issuer attests only at consolidated group scope — one report covering several tokens, which the page renders as stated rather than inventing a per-token ratio — or no attestation series is held yet. Absence renders plainly, never as an estimate.

How is on-chain supply measured?

Directly from the token's public Ethereum contract at a quorum of independent RPC providers. Every measurement carries the block number and timestamp it was taken at, so freshness is visible beside the figure.