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Tether
Key Metrics
Fees 30d$514.65m
Fees 30d by chain
Off Chain$514.65m
Fees 7d$121.35m
Off Chain$121.35m
Fees 24h$17.48m
Off Chain$17.48m
Cumulative Fees$19.951b
Off Chain$19.951b
Revenue 30d$514.65m
Revenue 30d by chain
Off Chain$514.65m
Revenue 7d$121.35m
Off Chain$121.35m
Revenue 24h$17.48m
Off Chain$17.48m
Cumulative Revenue$19.951b
Off Chain$19.951b
Total Raised$600m
Nov 23, 2023$600mRound: EquityInvestors: Cantor Fitzgerald
Protocol Information
Tether is a company that issues the USDT stablecoin, facilitating stable value transfers across blockchain networks
Methodology
Fees: Asset yields from USDT backing investments: US Treasury Bills and other fixed-income assets like repos, commercial paper, money market funds and secured loans.View code on GitHubRevenue: Asset yields from USDT backing investments (US Treasury Bills and other fixed-income assets like repos, commercial paper, money market funds and secured loans) collected by Tether.View code on GitHubHacks
Date: Nov 19, 2017
Amount: $30.95m
Classification: Key Compromise
Technique: Private Key Compromised
Chains: Bitcoin
Target Type: Token
Competitors
Frequently Asked Questions
What chains does Tether operate on?
Tether operates on Off Chain.
How much has Tether generated in fees and revenue?
Over the past 30 days, Tether generated $514.65m in fees. Of that, $514.65m was protocol revenue. Based on the trailing year, the annualized rate is $5.942b in fees and $5.942b in revenue.
How does Tether's TVL compare to similar protocols?
Among Stablecoin Issuer protocols tracked by DefiLlama, Tether ranks #3 by TVL. The category holds $206.59m across 6 protocols, and Tether accounts for 0% of that total. Other leading protocols include M0, Circle USDC, MetaMask USD, Paxos Stablecoin Issuer, and Ripple USD.
Has Tether ever been exploited?
Tether has 1 recorded security incident. The most recent incident occurred on Nov 19, 2017 and involved $30.95m. It was classified as Key Compromise.