Tether (USDT)

The most widely used fiat-backed stablecoin, issued by the Tether group and intended to maintain a 1:1 value with the US dollar. The issuer publishes periodic reserve attestations, which provide independent assurance over reported reserve figures but are distinct from a full audit of financial statements. USDT circulates on several networks, notably Tron and Ethereum. Through a blacklist function in its token contracts, the issuer can freeze USDT held at specific addresses on networks where Tether issues the token directly; bridged versions issued by third parties fall outside its blacklist. It does so at its own discretion, including in response to law-enforcement requests.