Tether USD (zkSync)

USDT

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

Risk Rating
Average
$1.00
-0.05%
Summary

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Information
Blockchain
  • zkSync Era
Info
Key Metrics
  • Market Cap: $16.3M
  • Fully Diluted Valluation: $16.3M
  • FDV / MC: 1
  • Ranking inside Exponential (among stables): #31
  • Circulating Supply: 16,301,859
  • Total Supply: 16,301,859
  • Volume (24H): $6.9M
  • ATH: $1.06 (05/20/2024)
  • ATL: $0.92 (04/13/2024)
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 zkSync Bridge, a protocol rated as Average.

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

Dependencies

zkSync Bridge

Asset Tokenomics

USDT has an uncapped supply but has inflation control or burn mechanisms in place.

Things to know about USDT

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