Tether (USDT)
Holders & concentration
Concentration is the standard due-diligence read on attention-driven assets: the fewer wallets control the supply, the more one seller can move the price. Exchange wallets pool many customers, so labelled exchange rows are not single holders.
Largest holders
USDT — frequently asked questions
Does Tether have a market cap?
No market cap is shown for Tether. It is a stablecoin, and stablecoin supply figures are issuer claims rather than on-chain facts we can verify, so this page reports no market cap at all.
Is Tether its own blockchain?
No — Tether (USDT) is a stablecoin issued on a host blockchain rather than a native coin. We track it by its verified canonical contract, and its on-chain figures are read from that contract.
Answers are generated from the live figures on this page — on-chain reads, our own reference price and Reddit crowd data — and update as the data does.