← Assets
USDT
Tether USD · class: Stablecoins · 1 chains · loan asset in 73 markets, collateral in 6 markets
Total Supply
$326.51M
30d -1.5%
Total Collateral
$12.85K
locked
Borrow Interest Gen.
$11.94M
annualized
Lender Yield Delivered
$11.92M
annualized
Wtd Avg Supply APY
3.65%
Wtd Avg Utilization
90.5%
Supply Doubling Time
N/A
at 30d rate
USDT Supply by Chain
Ethereum
USDT Collateral by Chain
Ethereum
As Loan Asset (top markets)
| Market | Chain | Supply | Borrow | Util | Sup APY | Bor APY |
|---|---|---|---|---|---|---|
| USDT / wstETH | Ethereum | $109.46M | $99.16M | 90.6% | 3.59% | 3.98% |
| USDT / WBTC | Ethereum | $77.35M | $69.97M | 90.5% | 3.50% | 3.88% |
| USDT / sUSDS | Ethereum | $63.58M | $57.64M | 90.6% | 3.02% | 3.34% |
| USDT / cbBTC | Ethereum | $22.07M | $19.97M | 90.5% | 3.51% | 3.89% |
| USDT / sUSDS | Ethereum | $20.12M | $18.03M | 89.6% | 2.97% | 3.32% |
| USDT / PT-reUSD-10DEC2026 | Ethereum | $7.79M | $7.1M | 91.1% | 9.07% | 10.00% |
| USDT / PT-sUSDS-26NOV2026 | Ethereum | $7.75M | $7.03M | 90.7% | 4.67% | 5.16% |
| USDT / reUSD | Ethereum | $3.33M | $3M | 90.0% | 4.77% | 5.31% |
| USDT / XAUt | Ethereum | $2.77M | $2.49M | 90.0% | 4.10% | 4.57% |
| USDT / WBTC | Ethereum | $2.55M | $2.3M | 90.5% | 3.51% | 3.89% |
As Collateral (top markets)
| Market | Chain | Collateral | LLTV | Util |
|---|---|---|---|---|
| USDT / wARS | Ethereum | $12.85K | 0% | 90.5% |
Curators Running USDT Vaults
| Curator | # Vaults | AUM in USDT | Wtd Net APY | Fee Take Rate |
|---|---|---|---|---|
| Steakhouse Financial | 5 | $116.64M | 3.60% | 6.6% |
| Gauntlet | 3 | $17.36M | 3.35% | 3.1% |
| Hakutora | 1 | $6.28M | 3.05% | 15.0% |
| Yearn | 1 | $2.28M | 3.36% | 5.0% |
| Hyperithm | 1 | $112.87K | 3.21% | 10.0% |
| SingularV | 1 | $32.6K | 3.25% | 10.0% |
| RE7 Labs | 1 | $21.97K | 0.00% | N/A |
| Pangolins | 1 | $648.24 | 2.50% | 10.0% |
| KPK | 1 | $583.97 | 0.20% | 0.0% |
| UltraYield | 1 | $31.02 | 3.62% | 0.0% |
| Clearstar | 1 | $10.41 | 2.29% | 0.0% |
Chain Breakdown
| Chain | Supply | Collateral | # Markets | Borrow Interest | Rank |
|---|---|---|---|---|---|
| Ethereum | $326.51M | $12.85K | 66 | $11.94M | #1 |
Rank = this asset's position among the chain's assets by combined supply + collateral.
USDT Weekly Net Supply Flows
Net flow last week: −$29.69M · 4-week running: −$30.16M
Ethereum
Methodology
USDT measured on both balance-sheet sides. Supply side: Σ supply_assets_usd where USDT is the loan asset; Borrow Interest = Σ borrow × LEAST(borrow_apy,1.0). Collateral side: Σ collateral_assets_usd where USDT is the collateral. APYs clamped at 100%, degenerate-IRM markets excluded. Asset class inferred from symbol.