Cash-backed dollar stablecoins · Asset page
Tether (USDT)
Tether · number 1 of 6 cash-backed dollar stablecoins we count
Short answer
As of October 28, 2026, $180.12 billion of Tether (USDT) is on public blockchains, read directly from 3 blockchains by The Migration by Concrete.
USDT by blockchain
| Blockchain and token address | Value | Address source |
|---|---|---|
TronTR7NHqjeKQxGTCi8q8ZY4pL8otSzgjLj6t | $92.38B | A · issuer address page |
Ethereum0xdAC17F958D2ee523a2206206994597C13D831ec7 | $84.93B | A · issuer address page |
SolanaEs9vMFrzaCERmJfrF4H2FYD4KCoNkY11McCe8BenwNYB | $2.81B | A · issuer address page |
Addresses from Tether.
Quick answers
How much USDT is on-chain?
As of October 28, 2026, $180.12 billion of Tether (USDT) is on public blockchains, read directly from 3 blockchains by The Migration by Concrete.
Which blockchains is USDT on?
USDT is on 3 blockchains in our count. The largest are Tron ($92.38B), Ethereum ($84.93B), Solana ($2.81B).
How does USDT rank among cash-backed dollar stablecoins?
USDT is number 1 of the 6 cash-backed dollar stablecoins we count, with 68.5% of the $262.80 billion total as of October 28, 2026.
Does this match Tether's own figure?
Our blockchain reads cover 99.1% of the circulation Tether reports. The remainder is on chains we don't read yet.
Who issues USDT?
USDT is issued by Tether. Every address we count comes from the issuer's own published list or a written confirmation from the issuer.
The Migration by Concrete tracks traditional finance moving on-chain, reading every token directly from public blockchains. See all our counts.
Citing this page: "The Migration by Concrete, USDT on-chain, Oct 28, 2026," with a link to this page and to Concrete.
For information only. Not investment advice.