Tether
Tether issues USDT, the most-held stablecoin, and XAUT, a gold-backed token, with quarterly attestation reports.
tether.to ↗Aggregate quality score
65.4/ 100
Weighted by outstanding supplyTracked capital$186.79B
Instruments2
OCB — 01·Coverage
$186.79B total tracked capital2 instruments under coverage
OCB — 02·Score history
79 readingsTether — aggregate quality score, 90 days
Tether — Aggregate Quality Score
Weighted-average composite score (0–100)
Fig 1
Tether aggregate quality score is 65.4 as of Oct 10, 2026, weighted by outstanding supply across 2 rated instruments.
Source: OCB Quality Ratings · Tether · onchainbenchmark.comUpdated daily
OCB — 03·Issuer metadata
Regulatory standing and governance
- Jurisdiction
- El Salvador
- Regulatory status
- CNAD (El Salvador): Registered issuer of public offerings of stablecoins (Reg. EME-0003, May 19, 2025), USDT · Tether International, S.A. de C.V. Register ↗CNAD (El Salvador): Registered issuer of public offerings of stablecoins (Reg. EME-0004, May 19, 2025), XAUT · TG Commodities, S.A. de C.V. Register ↗
- Auditor
- BDO Italia ↗
- Last audit
- September 30, 2025
- Legal structure
- Tether International, S.A. de C.V. (El Salvador)
- Change control
- multi-signer
- Homepage
- https://tether.to ↗
Methodology
Each instrument under Tether is scored independently across four dimensions — Disclosure Quality, Redemption Liquidity, Structural Trust, and Holder Concentration — contributing up to 25 points each. The aggregate score shown here is weighted by outstanding supply across 2 rated instruments.
Read the full methodology →