USDT Market Snapshot

Polygon Bridged USDT (Polygon) (USDT)

$1.00

$0.00 (0.00%) Past 6 months

1D

5D

1M

6M

YTD

1Y

5Y

USDT is still trading at its pegged value (≈ $1) — the core function of all stablecoins.

📈 Current Strengths

✅ Market dominance & adoption strong

USDT remains the most-used stablecoin globally, with massive issuance and liquidity demand across exchanges and DeFi protocols.

Supply recently hit a new all-time high ~191 billion, showing heavy usage and liquidity support in markets. $USDT

MEXC

✅ Price peg holding

Despite volatility elsewhere in crypto, USDT continues to hold its peg reliably — the main metric traders care about. �

BanklessTimes

⚠️ Risks & Market Debates

❗ S&P Downgrade on Stability

S&P Global Ratings recently cut USDT’s peg-stability score to its lowest level, citing increased exposure to volatile assets like Bitcoin, gold, and loans — raising questions about reserve transparency. �

Analytics Insight +1

❗ Reserve transparency concerns

Analysts and institutional observers note gaps in independent audits of Tether’s reserves, which fuels ongoing debate about true backing and liquidity in extreme stress events. �

AInvest

❗ Regulatory & compliance moves

Tether has been freezing large wallet holdings (~$182M) on chains like Tron for regulatory compliance, which while positive for safety, also touches on centralization concerns. �

MEXC

🧠 Summary

USDT remains stable and widely used, successfully keeping its $1 peg and supporting massive crypto market liquidity.

However, institutional scrutiny and reserve transparency debates are intensifying, and some analysts see these as potential long-term risks even if the peg holds in the short term.