Question 1

What's the latest USDT news?

Accepted Answer

### Top Story U.S. authorities are pursuing $61 million in USDT they allege is connected to sanctioned Iranian oil sales, highlighting ongoing regulatory scrutiny of stablecoin transactions. This development underscores the increasing attention on Tether's role in facilitating cross-border transactions subject to international sanctions. ### Other Highlights - USDT was reportedly used as a payment method in a failed $230 million oil deal involving a Polish energy giant, according to the Financial Times. - Circle's $400 million Tazapay acquisition aims to expand payment links in emerging markets, potentially influencing stablecoin competition[^[3]](https://www.coindesk.com/business/2026/09/13/circle-s-usd400m-tazapay-deal-buys-emerging-market-links-that-take-years-to-build). - Key macroeconomic events included the Federal Reserve's decision to raise interest rates by 25 basis points, which could impact crypto market liquidity and sentiment[^[4]](https://www.coindesk.com/markets/2026/09/16/fed-raises-rates-by-25-basis-points-in-first-hike-since-july-2023). ### Market Context Tether's price slipped 0.04% over the past 24 hours, underperforming the CD20 index, which gained 2.09%. The regulatory headlines and legal actions involving USDT may have contributed to the slight decline, while the broader market showed resilience amid the Fed's rate hike announcement[^[4]](https://www.coindesk.com/markets/2026/09/16/fed-raises-rates-by-25-basis-points-in-first-hike-since-july-2023). ### What’s Next? With regulatory scrutiny intensifying around USDT's use in sanctioned transactions and major deals, market participants will be watching for further enforcement actions and their potential impact on stablecoin adoption. Will Tether face additional pressure as authorities focus on compliance and transparency?

Question 2

What is the Tether project?

Accepted Answer

Tether is operated by Tether Holdings Limited, a company registered in the British Virgin Islands. It is the parent of Tether Limited, the issuer of the USDT token. Tether shares [close corporate ties](https://www.coindesk.com/policy/2023/06/16/tethers-banking-relationships-commercial-paper-exposure-detailed-in-newly-released-legal-documents) with the cryptocurrency exchange Bitfinex, with both entities controlled by iFinex Inc.

While Tether historically operated without a single clearly defined headquarters, it is in the process of establishing a formal corporate base in [El Salvador](https://www.coindesk.com/business/2025/01/13/tether-group-to-establish-headquarters-in-el-salvador-in-emerging-markets-push). The company has obtained a Digital Asset Service Provider (DASP) licence and is investing in physical infrastructure in the country. At the same time, Tether maintains operational activities or affiliations in locations such as Switzerland (notably in Lugano), the British Virgin Islands and Hong Kong.

Tether's original mission was to facilitate the digital use of traditional fiat currencies via blockchain. Over time, this expanded to include financial empowerment in regions with limited banking access, and the promotion of low-cost, borderless transactions. The company states a commitment to security, legal compliance and individual sovereignty.

Launched as "Realcoin" in 2014 by its original founders, the project was [rebranded to Tether](https://www.coindesk.com/markets/2014/11/20/realcoin-rebrands-as-tether-to-avoid-altcoin-association) later that year. In 2015, control transitioned to Bitfinex operators, and USDT was listed on Bitfinex, significantly accelerating its adoption. Tether later expanded its offering with stablecoins pegged to other fiat currencies ([EURT](https://www.coindesk.com/price/eurt), [CNHT](https://www.coindesk.com/price/CNHT), [MXNT](https://www.coindesk.com/price/MXNT)) and gold ([XAUT](https://www.coindesk.com/price/XAUT)).

Since 2023, [Tether Holdings has diversified](https://www.coindesk.com/business/2024/04/18/tether-reorganizes-into-4-divisions-as-it-expands-beyond-stablecoins) beyond stablecoins through a new corporate structure with dedicated divisions:

- **Tether Finance**: This remains the core business unit responsible for the issuance and management of Tether-branded tokens, including USDT (US dollar-pegged), EURT (euro-pegged), CNHT (offshore Chinese yuan-pegged), MXNT (Mexican peso-pegged), and XAUT (gold-backed). It includes reserve management, redemption operations and the overall architecture for stablecoin functionality across supported blockchains.

- **Tether Power**: This division [focuses on Bitcoin mining](https://www.coindesk.com/business/2023/05/30/stablecoin-issuer-tether-invests-in-sustainable-bitcoin-mining-in-uruguay) and energy infrastructure. Tether began mining operations in 2023, with reported projects in countries such as Uruguay. The strategy includes deploying renewable energy sources and developing custom hardware and software solutions, such as the “Moria” IoT platform, to improve the efficiency and autonomy of mining operations. The expansion into energy infrastructure signals a move toward securing long-term sustainability and operational independence from third-party providers.

- **Tether Data**: A vehicle for investing in emerging technologies, particularly artificial intelligence (AI) and peer-to-peer (P2P) systems. This includes backing for projects like [Holepunch](https://www.coindesk.com/tech/2022/07/25/tether-bitfinex-hypercore-launch-encrypted-communications-protocol-holepunch) and its decentralised communication tool Keet. The division also includes the [Hadron](https://www.coindesk.com/business/2024/11/14/tether-unveils-new-platform-to-simplify-asset-tokenization-for-businesses-nation-states) business unit, which focuses on AI research and infrastructure. The investment in privacy-preserving P2P platforms aligns with Tether’s publicly stated goals of supporting individual sovereignty and censorship-resistant tools.

- **Tether Edu**: Launched in 2024, this initiative supports global education in digital finance, blockchain and open technologies. It involves partnerships with local institutions and NGOs, and promotes online learning programmes, workshops and curriculum development. Notably, it collaborates with initiatives like [Plan B](https://www.coindesk.com/business/2022/10/28/tethers-paolo-ardoino-discusses-luganos-plan-b-bitcoin-progress), which aim to foster financial literacy and inclusion in emerging economies.

- **Tether Evo**: This arm explores frontier technologies through strategic investments. One example includes [Tether’s investment in Blackrock Neurotech](https://www.coindesk.com/business/2024/04/29/tether-buys-200m-majority-stake-in-brain-computer-interface-company-blackrock-neurotech), a neurotechnology company developing brain-computer interface (BCI) solutions. The Evo unit reflects a broader thesis of positioning Tether in foundational technologies that may define future human-computer interaction.

This strategic diversification is understood as a hedge against growing regulatory scrutiny, reducing dependency on the USDT product line.

Question 3

What is the USDT token?

Accepted Answer

USDT is a stablecoin issued by Tether Limited, pegged 1:1 to the US dollar. It is designed as a digital representation of the US dollar, combining perceived fiat stability with blockchain efficiency.

USDT operates as a second-layer token on various blockchains, including Ethereum (ERC-20), Tron (TRC-20), Solana, Avalanche, Polygon, Omni, Tezos, Near, TON and Aptos. Tether regularly adjusts supported networks, having recently [ended minting on EOS, Algorand](https://www.coindesk.com/tech/2024/06/24/tether-to-stop-minting-stablecoin-usdt-on-algorand-and-eos) and others due to limited adoption.

This multi-chain strategy aims to balance adoption with operational efficiency by prioritising networks with high user activity and liquidity, such as Ethereum, Tron and Solana.

Question 4

What is USDT used for?

Accepted Answer

USDT serves multiple functions in the digital asset ecosystem:

- **Trading and Liquidity**: Used as a base pair across numerous centralised and decentralised exchanges, enabling crypto asset conversion with high liquidity.

- **Volatility Hedging**: Acts as a stable asset for capital preservation during periods of market uncertainty, without requiring conversion back to fiat.

- **Payments and Remittances**: Facilitates fast, low-cost cross-border transfers, particularly in regions with unstable local currencies or limited financial infrastructure.

- **DeFi Applications**: Widely used in lending, borrowing, yield generation and as collateral in decentralised finance platforms.

- **Store of Value**: Functions as a dollar-pegged digital asset in high-inflation economies, accessible to users with internet connectivity.

- **Smart Contracts**: Enables predictable value transfer in automated contract execution.

Question 5

How does USDT maintain its peg to the USD?

Accepted Answer

Tether states that each USDT is redeemable for $1 via its platform, subject to conditions such as identity verification, a $100,000 minimum redemption, and settlement fees. This redemption mechanism enables arbitrage opportunities that help maintain the market price of USDT near $1.

Initially, Tether claimed each USDT was backed by dollars held in reserve. [Later disclosures revealed a more complex reserve composition](https://www.coindesk.com/markets/2021/05/13/tethers-first-reserve-breakdown-shows-token-49-backed-by-unspecified-commercial-paper), including cash equivalents, US Treasuries, secured loans, precious metals and Bitcoin. Quarterly "attestations" by firms such as [BDO provide snapshots of reserves](https://www.coindesk.com/business/2022/08/18/tether-swaps-accounting-firms-says-it-will-publish-monthly-attestation-on-stablecoin-backing), but no full audit has been conducted.

While the company has shifted reserves towards higher-quality assets (notably [reducing commercial paper](https://www.coindesk.com/business/2022/10/13/stablecoin-issuer-tether-cuts-commercial-paper-holdings-to-zero) to nearly zero), concerns remain about transparency and the inclusion of risk-bearing assets. Effective stability relies on continued market confidence and secondary market liquidity.

Question 6

Who created USDT?

Accepted Answer

The project was launched in 2014 as "Realcoin" by Brock Pierce, Reeve Collins and Craig Sellars. It was built on Bitcoin’s Omni Layer. The name was changed to Tether in November 2014. In 2015, control shifted to Bitfinex operators.

Tether Limited became a subsidiary of Tether Holdings, which is controlled by iFinex Inc., also the parent of Bitfinex. Executives such as Paolo Ardoino and Giancarlo Devasini hold leadership roles in both companies.

Tether and Bitfinex share operational and financial interdependencies, exemplified in events such as the [Crypto Capital incident](https://www.coindesk.com/markets/2019/04/25/bitfinex-covered-850-million-loss-using-tether-funds-ny-prosecutors-allege), where Tether reserves were used to cover exchange shortfalls.

Question 7

What major controversies and regulatory actions have involved USDT?

Accepted Answer

Tether has faced sustained scrutiny from regulators, the media and market participants over the nature and transparency of its reserves, its corporate structure, and its operational practices. Several high-profile investigations and enforcement actions have shaped its public perception.

- **Under-collateralisation of Reserves**: For several years, Tether claimed that every USDT in circulation was backed 1:1 by US dollars held in reserve. However, investigations later revealed that this was not always the case. In particular, the New York Attorney General (NYAG) and Commodity Futures Trading Commission (CFTC) both found that Tether did not maintain full fiat reserves at all times. The [CFTC reported](https://www.coindesk.com/policy/2021/10/15/cftc-fines-tether-and-bitfinex-425m-for-untrue-or-misleading-claims) that between 2016 and 2018, Tether held sufficient fiat reserves to back all USDT tokens on just 27.6% of sampled days.

- **Crypto Capital Incident and Intercompany Transfers**: In 2019, it emerged that Bitfinex had lost access to approximately $850 million held by its third-party payment processor Crypto Capital. To cover withdrawal demands, Bitfinex reportedly borrowed at least $700 million from Tether reserves without disclosing the transaction publicly. The NYAG concluded that this undermined Tether's claim of full backing and constituted a lack of transparency. The case highlighted the operational interdependence between Tether and Bitfinex and the lack of formal agreements or safeguards in fund handling.

- **NYAG Settlement – February 2021**: Following a two-year investigation, the NYAG concluded that Tether had [misrepresented the backing of USDT](https://www.coindesk.com/markets/2021/02/23/ny-ags-850m-probe-of-bitfinex-tether-ends-in-an-185m-settlement) and had commingled client and corporate funds between Tether and Bitfinex. [Tether and Bitfinex agreed to pay an $18.5 million fine](https://www.coindesk.com/policy/2022/02/04/tether-responds-to-coindesks-intervention-in-legal-proceedings) and were banned from operating with New York residents. They were also required to submit detailed quarterly reserve breakdowns for two years. While the companies did not admit wrongdoing, the findings indicated periods where USDT was not fully backed and where transparency reports were misleading.

- **CFTC Enforcement Action – October 2021**: [The CFTC imposed a $41 million fine on Tether](https://www.coindesk.com/policy/2021/10/15/cftc-fines-tether-and-bitfinex-425m-for-untrue-or-misleading-claims) for making false or misleading claims regarding the nature of its reserves. It found that Tether’s public statements about always being 100% backed by fiat currency were untrue. The CFTC also highlighted that Tether’s reserves included non-cash assets and unsecured receivables, and that funds were commingled with Bitfinex accounts.

- **Transparency and Attestations**: Tether provides quarterly attestations of its reserves, currently prepared by BDO, but has never undergone a full, independent audit. Attestations confirm reserve snapshots at a point in time but do not assess internal controls or continuous backing. This continues to draw criticism, particularly when compared to competitors like USDC, which provide more frequent and detailed disclosures.

- **S&P Global Ratings Assessment (2023)**: In December 2023, [S&P assigned Tether a stability score of 4](https://www.coindesk.com/policy/2023/12/13/tether-scores-second-lowest-rank-in-sp-global-stablecoin-stability-assessment) on a scale of 1 (strongest) to 5 (weakest), citing constrained transparency. The assessment noted limited disclosure of custodians, counterparties and asset breakdowns. The presence of riskier assets such as Bitcoin and precious metals in the reserve portfolio was also identified as a weakness, as was the lack of clear legal safeguards in the event of issuer insolvency.

- **Illicit Finance Risks**: Due to its high liquidity and widespread use, USDT has been associated with illicit activity including money laundering, sanction evasion and fraud. A 2023 report by TRM Labs estimated USDT’s involvement in approximately $19.3 billion in illicit transactions. US authorities, including FinCEN and the Treasury Department, have linked USDT to networks attempting to bypass sanctions. Tether states that it cooperates with law enforcement globally, and has frozen hundreds of millions of dollars’ worth of tokens linked to criminal activity when requested. However, it has also expressed reluctance to freeze addresses pre-emptively to avoid disrupting investigations or infringing on decentralised trading activity.

Collectively, these incidents reflect a pattern of legal, operational and reputational challenges that have shaped how Tether is perceived by regulators, institutions and the broader market. While USDT remains the most used stablecoin by volume, these issues continue to raise questions about risk, oversight and long-term sustainability.

Question 8

What is the regulatory status of USDT, and are there restrictions for US or EU users?

Accepted Answer

The regulatory treatment of USDT varies significantly across jurisdictions, with a widening gap between its global offshore operations and its status in strictly regulated markets like the European Union and the United States.

*   **European Union (MiCA Enforcement):** [The Markets in Crypto-Assets (MiCA)](https://www.coindesk.com/opinion/2025/10/31/mica-won-t-save-us-from-a-stablecoin-crisis-it-might-be-building-one) framework became fully enforced for stablecoins in mid-2025. Because Tether (USDT) did not adjust its reserve model to meet MiCA’s specific banking requirements, it is widely classified as a "non-compliant" token within the European Economic Area. Consequently, major exchanges have delisted USDT trading pairs for EU users. European customers are generally restricted to "sell-only" modes or forced to convert their holdings into MiCA-compliant alternatives like USDC or EURC.
    
*   **United States (The GENIUS Act):** In July 2025, the US enacted the [**Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act**,](https://www.congress.gov/bill/119th-congress/senate-bill/1582/text) with strong bipartisan voting statistics (68-30 Senate, 308-122 House), establishing the first federal regulatory framework for payment stablecoins. The law requires issuers to be federally or state-approved and to maintain 1-to-1 reserves in specific high-quality liquid assets.
    
    *   **Tether's Strategy ("USAT"):** Rather than altering USDT (which remains an offshore product), Tether announced in late 2025 that it would launch a separate, US-domiciled stablecoin called [**USAT**](https://www.coindesk.com/business/2025/10/24/tether-eyes-fresh-investments-to-push-usat-stablecoin-to-100m-americans-at-december-launch)**.** Issued in partnership with federally chartered banks, USAT is designed to meet the GENIUS Act's strict audit and backing standards, allowing Tether to serve the US market without subjecting its global USDT supply to US jurisdiction.
        
*   **Sanctions and Enforcement:** Even outside of these frameworks, Tether adheres to US sanctions via the Office of Foreign Assets Control (OFAC). Throughout 2025, Tether continued to cooperate with the DOJ and Secret Service, freezing [$2.9 billion across over 5,000 wallets](https://tether.io/news/tether-acknowledged-by-u-s-authorities-for-freezing-1-6m-connected-to-terrorism-financing/) linked to illicit activities and human trafficking rings. This "voluntary compliance" remains their primary defense against direct US enforcement actions while they pivot to the new USAT model for compliant onshore business.

Question 9

How does USDT compare with other stablecoins such as USDC and DAI?

Accepted Answer

**1. Issuer**  
- **USDT (Tether):** Issued by Tether Limited, a centralised entity registered in the British Virgin Islands and controlled by iFinex Inc., which also owns the Bitfinex exchange.  
- **USDC (Circle):** Issued by Circle, a regulated financial technology company based in the United States, formerly in partnership with Coinbase under the Centre Consortium.  
- **DAI (MakerDAO):** Issued algorithmically through MakerDAO, a decentralised autonomous organisation (DAO), without a central corporate issuer. Governance is performed by MKR token holders.

**2. Reserve Model**  
- **USDT (Tether):** Backed by a mix of assets including US Treasuries, cash equivalents, secured loans, precious metals, and Bitcoin. Quarterly attestations are provided, but no full audit has been conducted.  
- **USDC (Circle):** Backed 1:1 by US dollars and short-term Treasury securities held at regulated custodians. Monthly attestations are published by established accounting firms.  
- **DAI (MakerDAO):** Backed by overcollateralised crypto assets such as ETH and USDC. Collateral levels and vault positions are managed by smart contracts and visible on-chain.

**3. Transparency**  
- **USDT (Tether):** Provides quarterly reserve attestations through BDO, but the reporting frequency and scope are more limited compared to competitors. No real-time reserve data is available.  
- **USDC (Circle):** Offers monthly reserve attestations with detailed breakdowns. Circle has also pursued voluntary regulatory disclosures to align with standards in the US and EU.  
- **DAI (MakerDAO):** Fully transparent on-chain. Users can verify collateral ratios, system parameters, and governance decisions in real time using blockchain explorers or Maker interfaces.

**4. Regulatory Standing**  
- **USDT (Tether):** Operates from offshore jurisdictions. Not currently MiCA-compliant and has been involved in settlements with the NYAG and CFTC in the US. Subject to ongoing regulatory scrutiny.  
- **USDC (Circle):** Actively pursues compliance with US and EU regulations. Registered as a money transmitter in various US states and has obtained EU electronic money licensing for MiCA readiness.  
- **DAI (MakerDAO):** As a decentralised protocol, it has no clear issuer or regulator. Its legal classification remains uncertain, and it may be indirectly affected by the regulatory treatment of DeFi.

**5. Primary Strength**  
- **USDT (Tether):** Offers the deepest liquidity and highest trading volume in the stablecoin market. Integrated widely across centralised and decentralised exchanges.  
- **USDC (Circle):** Valued for its regulatory alignment and transparency, making it a preferred option for institutions and in jurisdictions with stricter compliance requirements.  
- **DAI (MakerDAO):** Censorship-resistant and trust-minimised by design. Favoured by users and developers who prioritise decentralisation and on-chain control.

**6. Key Risk**  
- **USDT (Tether):** Criticised for lack of full audits, historic under-collateralisation, and exposure to regulatory action. Reserve composition includes some risk-bearing assets.  
- **USDC (Circle):** Centralised structure introduces custodial and regulatory risk. Has experienced temporary market disruptions tied to banking partners (e.g. SVB).  
- **DAI (MakerDAO):** Exposed to crypto market volatility. Stability mechanisms rely on smart contract security, external price oracles and community governance, which may introduce technical risk.

**7. Typical Use Case**  
- **USDT (Tether):** Commonly used for high-frequency trading, liquidity provisioning and cross-border settlement, especially in markets outside North America and Europe.  
- **USDC (Circle):** Frequently used for fiat on/off-ramps, regulated DeFi applications, and institutional payments in jurisdictions with clearer legal frameworks.  
- **DAI (MakerDAO):** Used primarily within DeFi protocols, including lending, liquidity pools and decentralised derivatives, where decentralisation and composability are key.

The stablecoin market features centralised and decentralised models, each optimised for different user priorities, such as transparency, stability or autonomy.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	USDT-USD USDTZUSD	kraken	AA	0.9990USD	-0.01%	344,320,987.07USDT	52,697	0.9991USD	0.9996USD
2	USDT-USD USDT-USD	coinbase	AA	0.9990USD	-0.00%	222,410,139.07USDT	56,488	0.9991USD	0.9994USD
3	USDT-USD USTUSD	bitfinex	BB	1.00USD	-0.10%	146,058,941.25USDT	41,007	1.00USD	1.00USD
4	USDT-USD USDTUSD	binance	AA	0.9987USD	0.00%	114,586,577.00USDT	112,126	0.9987USD	0.9993USD
5	USDT-EUR USDTEUR	kraken	AA	0.8710EUR	0.57%	78,657,547.68USDT	14,902	0.8661EUR	0.8722EUR
6	USDT-BRL USDTBRL	binance	AA	5.16BRL	-0.05%	65,829,489.70USDT	42,906	5.17BRL	5.18BRL
7	USDT-USD usdtusd	bitstamp	AA	0.9990USD	-0.01%	32,834,669.27USDT	5,612	0.9991USD	0.9994USD
8	USDT-TRY USDTTRY	binance	AA	48.61TRY	-0.04%	26,423,991.00USDT	68,575	48.63TRY	48.65TRY
9	USDT-EUR USDT-EUR	coinbase	AA	0.8710EUR	0.57%	24,480,603.67USDT	16,340	0.8661EUR	0.8722EUR
10	USDT-EUR EURUSDT	binance	AA	0.8710EUR	0.57%	23,645,538.83USDT	25,511	0.8660EUR	0.8722EUR
11	USDT-BRL USDT-BRL	okex	A	5.16BRL	-0.04%	9,752,317.62USDT	8,940	5.17BRL	5.18BRL
12	USDT-GBP USDTGBP	kraken	AA	0.7460GBP	0.54%	8,821,286.30USDT	3,447	0.7420GBP	0.7475GBP
13	USDT-USD USDTUSD	hashkey	A	0.9989USD	-0.01%	8,415,137.23USDT	1,186	0.9990USD	0.9994USD
14	USDT-USD USDT-USD	okex	A	0.9991USD	0.00%	7,414,605.38USDT	3,680	0.9991USD	0.9994USD
15	USDT-TRY USDT-TRY	okex	A	48.63TRY	0.01%	6,661,056.32USDT	15,662	48.62TRY	48.66TRY
16	USDT-HKD USDTHKD	hashkey	A	7.84HKD	0.00%	6,384,862.40USDT	6,704	7.84HKD	7.85HKD
17	USDT-EUR USDT-EUR	okex	A	0.8712EUR	0.60%	4,804,487.86USDT	21,504	0.8660EUR	0.8722EUR
18	USDT-USD USDTUSD	oslhongkong	A	0.9990USD	0.00%	4,738,888.17USDT	3,528	0.9989USD	0.9992USD
19	USDT-TRY USDT_TRY	whitebit	BB	48.62TRY	-0.04%	4,255,841.78USDT	5,013	48.64TRY	48.71TRY
20	USDT-AUD USDTAUD	kraken	AA	1.41AUD	0.24%	4,179,335.04USDT	1,987	1.40AUD	1.41AUD
21	USDT-EUR USDTEUR	cexio	BB	0.8714EUR	0.56%	6,522,028.45USDT	618	0.8665EUR	0.8725EUR
22	USDT-USD usdtusd	gemini	A	0.9990USD	-0.01%	4,922,881.54USDT	539	0.9991USD	0.9994USD
23	USDT-USD USDTUSD	bullish	AA	0.9991USD	0.00%	3,597,310.07USDT	912	0.9991USD	0.9993USD
24	USDT-BRL USDTBRL	bybit	A	5.16BRL	-0.05%	3,065,975.50USDT	2,071	5.17BRL	5.18BRL
25	USDT-EUR usdteur	bitstamp	AA	0.8710EUR	0.59%	2,947,274.29USDT	453	0.8659EUR	0.8721EUR
26	USDT-IDR USDTIDR	binance	AA	17,681.00IDR	0.03%	2,393,847.88USDT	14,311	17,675.00IDR	17,734.00IDR
27	USDT-EUR EURUSDT	bullish	AA	0.8710EUR	0.58%	2,330,981.02USDT	1,179	0.8659EUR	0.8721EUR
28	USDT-GBP USDT-GBP	coinbase	AA	0.7460GBP	0.53%	2,291,651.33USDT	3,450	0.7421GBP	0.7475GBP
29	USDT-EUR USDTEUR	bybit	A	0.8711EUR	0.60%	2,223,035.06USDT	4,197	0.8659EUR	0.8720EUR
30	USDT-AED USDTAED	binance	AA	3.67AED	0.03%	1,906,603.50USDT	1,113	3.67AED	3.68AED
31	USDT-ARS USDTARS	binance	AA	1,597.40ARS	0.03%	1,723,527.00USDT	17,285	1,597.00ARS	1,598.60ARS
32	USDT-EUR USDT_EUR	whitebit	BB	0.8710EUR	0.57%	1,743,069.87USDT	2,929	0.8661EUR	0.8726EUR
33	USDT-CHF USDTCHF	kraken	AA	0.8250CHF	0.76%	1,698,895.69USDT	1,699	0.8187CHF	0.8255CHF
34	USDT-USD USDT_USD	lmax	BB	0.9991USD	-0.00%	1,613,835.00USDT	271	0.9992USD	0.9993USD
35	USDT-UAH USDT_UAH	whitebit	BB	43.28UAH	-0.16%	1,589,257.34USDT	6,736	43.35UAH	43.38UAH
36	USDT-MXN USDTMXN	binance	AA	17.20MXN	0.41%	1,385,806.00USDT	7,999	17.13MXN	17.28MXN
37	USDT-EUR EURUST	bitfinex	BB	0.8712EUR	0.64%	1,251,850.25USDT	850	0.8656EUR	0.8716EUR
38	USDT-GBP USDT_GBP	whitebit	BB	0.7457GBP	0.51%	1,173,207.15USDT	5,274	0.7419GBP	0.7476GBP
39	USDT-TRY USDTTRY	bybit	A	48.60TRY	-0.04%	1,094,492.00USDT	189	48.62TRY	48.64TRY
40	USDT-AED USDT-AED	okex	A	3.67AED	0.00%	874,296.72USDT	139	3.67AED	3.67AED
41	USDT-EUR USDTEUR_SPBL	bitget	BB	0.8718EUR	0.58%	812,012.00USDT	5,088	0.8668EUR	0.8726EUR
42	USDT-EUR USDT-EUR	kucoin	BB	0.8710EUR	0.38%	666,369.13USDT	1,252	0.8677EUR	0.8738EUR
43	USDT-USD USDTUSD	cexio	BB	1.00USD	0.00%	644,627.20USDT	511	1.00USD	1.00USD
44	USDT-HKD USDTHKD	oslhongkong	A	7.84HKD	0.04%	668,386.34USDT	2,948	7.84HKD	7.85HKD
45	USDT-ZAR USDTZAR	binance	AA	16.33ZAR	-0.04%	548,537.00USDT	9,269	16.34ZAR	16.42ZAR
46	USDT-PLN USDT_PLN	whitebit	BB	3.78PLN	1.07%	547,186.62USDT	2,923	3.74PLN	3.79PLN
47	USDT-KZT USDT_KZT	whitebit	BB	449.66KZT	-0.04%	527,043.86USDT	1,414	449.85KZT	450.00KZT
48	USDT-SGD USDT-SGD	okex	A	1.28SGD	0.23%	506,664.46USDT	215	1.27SGD	1.28SGD
49	USDT-USD USDT_USD	cryptodotcom	AA	0.9993USD	0.01%	470,543.60USDT	1,668	0.9992USD	0.9994USD
50	USDT-CAD USDTCAD	kraken	AA	1.40CAD	0.42%	463,791.92USDT	387	1.39CAD	1.40CAD