USDT stablecoin data
Data card for USDT: on-chain issuance in the 30 days to 31 October 2026, issuer freeze and seize acts, and the freeze function of each contract, measured by the Stablecoin Scanner (ACHIVX).
Issuer and rules
What issuer documents and public registers say about USDT, each row with its source. Register rows give the register's own date or the date we checked it.
| Fact | Value | Source |
|---|---|---|
| Issuer | Tether. Legal entity: Tether International, S.A. de C.V. Quote: "The Company is an El Salvador Sociedad Anónima de Capital Variable." | assets.ctfassets.net |
| Type | Category: fiat-backed. Tether’s terms say each Tether token in circulation is 100% backed by an amount of assets (Reserves) equal to its stated value; the Reserves are cash, cash equivalents and other assets and may include loan receivables and other assets from Affiliates. | tether.to |
| Redemption | Tether’s terms set the redemption price at one unit of the pegged fiat currency (1 USD for 1 USD₮), plus fees where applicable, subject to minimum amounts. The fee schedule lists a 100,000 USD minimum and a redemption fee of the greater of $1,000 or 0.1%. | tether.to, tether.to |
| Reserves | As of 30 September 2026. Attester: BDO Advisory Services S.r.l. (ISAE 3000 (Revised) assurance report). Tether International’s Financial Figures and Reserves Report as at 30 September 2026: total assets US$191,451,091,374; total liabilities US$183,496,460,904; assets exceed liabilities by US$7,954,630,470. | assets.ctfassets.net |
| Freeze | The issuer can freeze addresses. Quote: "Tether may suspend or terminate your access to the Site or any of the Services, freeze any Tether Tokens held by you, or terminate your Tether Token Wallet, as required by applicable Law or where Tether, in its sole discretion, determines it is prudent to do so" | tether.to |
| Regulation: El Salvador | Tether International states it is an authorized Stablecoin Issuer and Digital Assets Service Provider under the Digital Asset Issuance Law of El Salvador, subject to the National Commission of Digital Assets. | assets.ctfassets.net |
| Regulation: United States | Tether International states it is registered as a Money Services Business with FinCEN. | assets.ctfassets.net |
| Regulation: United Arab Emirates (ADGM) | Listed in the ADGM FSRA Consolidated List of Accepted Fiat-Referenced Tokens as of September 1, 2026 (list date), checked 2026-11-01. Accepted networks on the list: Aptos, Avalanche C-Chain, Celo, Cosmos, Ethereum, Kaia, Near, Polkadot Asset Hub, Solana, Tezos, Ton, Tron. List note: "Inclusion of an FRT on this list does not imply acceptance of that FRT for use when serving clients in jurisdictions outside ADGM." | assets.adgm.com |
| Regulation: European Union | Not found in the ESMA interim MiCA register of e-money token issuers (checked 2026-11-01; searched for "USDT", "Tether"). | esma.europa.eu |
| Regulation: Hong Kong | Not found in the HKMA register of licensed stablecoin issuers (checked 2026-11-01; the register lists 2 licensees; searched for "USDT", "Tether"). | hkma.gov.hk |
| Regulation: Japan | Not found among the electronic payment instruments handled by the registered providers in the FSA register as of 27 August 2026 (checked 2026-11-01; searched for "USDT", "Tether"). | fsa.go.jp |
Checked against the sources on 1 November 2026. Not legal advice.
- revain.org: revain.org/coins/usdt
- Glossary: Fiat-backed stablecoin, Issuer, Redemption, Reserve / reserve assets, Reserve attestation, Freeze (address freeze), Blacklist (issuer blacklist), Seizure, Mint, Burn, Net issuance
Issuance, 30 days
| Network | Minted | Burned | Net issuance | Window | Scanner build | Source |
|---|---|---|---|---|---|---|
| All covered networks | US$170 m | US$308 m | -US$139 m | 30 days to 31 October 2026 | 1 November 2026 | stablescan.achivx.com/usdt-explorer |
| Ethereum | US$0 | US$6,667 | -US$6,667 | 30 days to 31 October 2026 | 1 November 2026 | stablescan.achivx.com/ethereum/stablecoin/usdt |
| BNB Chain | US$0 | US$20.16 | -US$20.16 | 30 days to 31 October 2026 | 1 November 2026 | stablescan.achivx.com/bnb-chain/stablecoin/usdt |
| Base | US$3.07 m | US$3.29 m | -US$219,396 | 30 days to 31 October 2026 | 1 November 2026 | stablescan.achivx.com/base/stablecoin/usdt |
| Optimism | US$167 m | US$305 m | -US$139 m | 30 days to 31 October 2026 | 1 November 2026 | stablescan.achivx.com/optimism/stablecoin/usdt |
The scanner gives no issuance figure for USDT on Tron and Solana.
Mints and burns the scanner decodes on the networks it covers, not the issuer's total issuance.
Issuer acts
Acts the issuer carried out on Ethereum and Tron, the networks where the scanner indexes USDT issuer acts.
| Measure | Value | Window | Scanner build | Source |
|---|---|---|---|---|
| Freeze acts | 520 | 30 days (2 October 2026 – 31 October 2026) | ledger read on 1 November 2026 | stablescan.achivx.com/usdt-explorer |
| Unfreeze acts | 19 | 30 days (2 October 2026 – 31 October 2026) | ledger read on 1 November 2026 | stablescan.achivx.com/usdt-explorer |
| Seize acts | 52 | 30 days (2 October 2026 – 31 October 2026) | ledger read on 1 November 2026 | stablescan.achivx.com/usdt-explorer |
| Seized | US$8.07 m | 30 days (2 October 2026 – 31 October 2026) | ledger read on 1 November 2026 | stablescan.achivx.com/usdt-explorer |
| Addresses acted on | 519 | 30 days (2 October 2026 – 31 October 2026) | ledger read on 1 November 2026 | stablescan.achivx.com/usdt-explorer |
Latest act in the ledger: 30 October 2026.
| Date | Network | Act | Scanner page |
|---|---|---|---|
| 30 October 2026 | Tron | freeze | stablescan.achivx.com/tron/freeze/c75a653acfe355ddf5e81cf51549ff70fe6d3c5432a648234cb490733a83683d |
| 30 October 2026 | Tron | freeze | stablescan.achivx.com/tron/freeze/837362171f841be7a5835686ebc2ce5d8095a5abe63fa01730c99d58ee4c68b6 |
| 30 October 2026 | Tron | freeze | stablescan.achivx.com/tron/freeze/31f2094e063c3f6a2a8754000ec3c9c2dd99271c048c7587c66e3e20be10244c |
| 30 October 2026 | Tron | freeze | stablescan.achivx.com/tron/freeze/9b80c6bc841a39dff6a0c4e2de828d0a4c99cc2980bae5cabb03ccb3b16f0fa1 |
| 30 October 2026 | Tron | freeze | stablescan.achivx.com/tron/freeze/8f433c9d2fa7f279858dafbc5c1d1ed805e9eb5389bb302bfcb3b5c63515a8be |
The scanner notes that every act is something the issuer did; it says nothing about who the address belongs to or why.
Freeze function in the contract
What the USDT contract on each network lets the issuer do, from the scanner's token registry (read at build time, no build date).
| Network | Contract | Deployment | Freeze function | Source |
|---|---|---|---|---|
| Base | 0xfde4c96c8593536e31f229ea8f37b2ada2699bb2 | bridged | no freeze function | stablescan.achivx.com/base/stablecoin/usdt |
| BNB Chain | 0x55d398326f99059ff775485246999027b3197955 | bridged | no freeze function | stablescan.achivx.com/bnb-chain/stablecoin/usdt |
| Ethereum | 0xdac17f958d2ee523a2206206994597c13d831ec7 | native | freeze and seize | stablescan.achivx.com/ethereum/stablecoin/usdt |
| Optimism | 0x94b008aa00579c1307b0ef2c499ad98a8ce58e58 | bridged | no freeze function | stablescan.achivx.com/optimism/stablecoin/usdt |
| Solana | Es9vMFrzaCERmJfrF4H2FYD4KCoNkY11McCe8BenwNYB | native | freeze only | stablescan.achivx.com/solana/stablecoin/usdt |
| Tron | TR7NHqjeKQxGTCi8q8ZY4pL8otSzgjLj6t | native | freeze and seize | stablescan.achivx.com/tron/stablecoin/usdt |
Settlement volume
The scanner publishes no organic settlement figure for USDT alone; its per-coin volume is raw, and this site does not print raw volume. Organic figures exist only for all stablecoins on a network together: see organic settlement by network.
Links
- Stablecoin Scanner (ACHIVX): stablescan.achivx.com/usdt-explorer
- ACHIVX Academy issuer page: achivx.com/academy/issuers/tether.html
How these figures are made
- Organic, not raw. Settlement figures are the scanner's organic figures, with round trips and bot churn removed. Raw settlement volume is not printed, and no field the scanner marks as overflowed is used.
- Coverage: 7 networks (Arbitrum, BNB Chain, Base, Ethereum, Optimism, Solana, Tron). Networks, coins and wallets the scanner does not cover have no figures here.
- Read at build time. Figures are read from the Stablecoin Scanner (ACHIVX) when this site is built, not live in your browser. Each row gives its window, the scanner's build date and the scanner page it comes from.
- Not a reserve or solvency claim. Exchange and bridge balances are on-chain reads of the wallets the scanner can attribute: a floor of their on-chain stablecoins, not their reserves or liabilities.
- Scanner methodology version:
stablscan-methodology-v0.6.0.
revain.org
Sources
- https://achivx.com/academy/issuers/tether.html
- https://assets.adgm.com/download/assets/AFRT+List+Feb+2026.pdf/c1b34426b88e11f0912ade26907f67ec
- https://assets.ctfassets.net/vyse88cgwfbl/7nQYtcoP9GxIUFSyro2dGK/8d0521470b9e99c8c0831019cabea4ee/ISAE_3000R_-_Opinion_Tether_International_Financial_Figure_30-09-2026.pdf
- https://stablescan.achivx.com/base/stablecoin/usdt
- https://stablescan.achivx.com/bnb-chain/stablecoin/usdt
- https://stablescan.achivx.com/ethereum/freezes
- https://stablescan.achivx.com/ethereum/stablecoin/usdt
- https://stablescan.achivx.com/optimism/stablecoin/usdt
- https://stablescan.achivx.com/solana/stablecoin/usdt
- https://stablescan.achivx.com/tron/freezes
- https://stablescan.achivx.com/tron/stablecoin/usdt
- https://stablescan.achivx.com/usdt-explorer
- https://tether.to/en/fees/
- https://tether.to/en/legal/
- https://www.esma.europa.eu/sites/default/files/2024-12/EMTWP.csv
- https://www.fsa.go.jp/menkyo/menkyoj/denshikessaisyudan.pdf
- https://www.hkma.gov.hk/eng/regulatory-resources/registers/register-of-licensed-stablecoin-issuers/