Tether USD (Gnosis)

USDT

USDT is a centralized stablecoin backed by USD reserves held by Tether.

Risk Rating
Average
$1.00
0.01%
What is Tether USD (Gnosis)?

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Information
Blockchain
  • Gnosis
Info
Key Metrics
  • Market Cap: $137.2B
  • Fully Diluted Valluation: $137.2B
  • FDV / MC: 1
  • Ranking inside Exponential (among stables): #1
  • Circulating Supply: 137,247,766,011
  • Total Supply: 137,247,766,011
  • Volume (24H): $41.2B
  • ATH: $1.32 (07/24/2018)
  • ATL: $0.57 (03/02/2015)
Risk Assessment
Average
Asset Strength

USDT is a large-cap asset with questionable collateral reserves. This asset depends on a centralized entity for custody services. This asset is exposed to the underlying risks of OmniBridge, a protocol rated as Watch out.

USDT is a stablecoin that consistently trades within 10bps of its peg to USD, which makes it a great store of value.

Dependencies

OmniBridge

Asset Tokenomics

USDT has an uncapped supply but has inflation control or burn mechanisms in place. USDT on Gnosis is backed 1:1 by ETH locked in the OmniBridge protocol on the Ethereum chain. USDT is fully redeemable for its USD reserves, providing an effective mechanism to retain the peg to $1.

Things to know about USDT

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