STRICT-Score
Max. Potenzial
1x
Potenzieller Ertrag
Wahrscheinlichkeit
95%
Erfolgschance
Risikoniveau
6/10
Mittleres Risiko
Marktkapitalisierung
$186.80B
Volumen
$43.07B
STRICT-Score Aufschlüsselung
Unser proprietäres Bewertungssystem evaluiert Projekte anhand von 6 Schlüsseldimensionen.
Analyseübersicht
Analyseübersicht
Tether (USDT) is the world's largest stablecoin with a market cap of $186.24 billion and 186.33 billion tokens in circulation as of December 18, 2025. It ranks #3 among all cryptocurrencies and commands 59.9% of the global stablecoin market share. Daily trading volume exceeds $82-93 billion, accounting for 82.5% of all stablecoin trading activity. USDT maintains 1:1 USD backing through reserves totaling $134.4 billion, including $112.4 billion in U.S. Treasury Bills (ranking among top 20 global holders), $12.9 billion in gold, over 100,000 BTC (~$9.9 billion), and secured loans. The stablecoin operates across 8 major blockchains with 433 million users globally.
Investitionsthese
USDT serves as the crypto market's primary trading tool and liquidity vehicle rather than an appreciating investment. Hold USDT for superior liquidity when actively trading across multiple exchanges and cryptocurrency pairs, as it offers deeper order books and faster execution than alternatives. USDT is particularly valuable for traders in emerging markets seeking dollar exposure and protection against local currency devaluation, and for those needing low-cost cross-border transfers via networks like Tron. While transparency concerns persist, Tether's $120+ billion in U.S. Treasury holdings, $6.8 billion in excess reserves, and $13+ billion in annual profits demonstrate financial strength. USDT is best used as a temporary store of value and medium of exchange rather than a long-term hold.
Wettbewerbsposition
USDT maintains overwhelming dominance in the stablecoin market with 60%+ market share compared to USDC's 25%. While USDC has positioned itself as the "gold standard for transparency" with monthly Big Four attestations and simple reserves (cash and T-bills held in BlackRock-managed funds), USDT retains its lead through first-mover advantage, deeper liquidity (5x larger trading volumes), and stronger adoption in offshore and emerging markets. USDT is the preferred "trader's dollar" for high-frequency trading, arbitrage, and international remittances, particularly via ultra-low-fee networks like Tron. USDC dominates in regulated U.S. business, DeFi protocols, and institutional trading. The market has bifurcated: USDC for compliance-focused entities, USDT for speed and liquidity-focused traders. Combined, USDT and USDC control approximately 85% of the total stablecoin market.
Fazit
USDT serves as the crypto market's essential liquidity infrastructure rather than an investment asset. Hold USDT when actively trading cryptocurrencies, moving funds between exchanges, or seeking temporary dollar exposure in emerging markets. The stablecoin's unmatched liquidity, multi-chain support, and $186 billion market cap make it indispensable for traders despite ongoing transparency concerns. However, minimize exposure duration and avoid treating USDT as a long-term store of value due to regulatory uncertainties and audit limitations.
Stärken
- Dominant market position with 60%+ stablecoin market share and 82.5% of trading volume
- Massive liquidity with daily trading volumes of $40-200 billion across major exchanges, offering superior execution for traders
- Widespread adoption across 433 million users globally, particularly strong in Asia, Latin America, and Africa
- Multi-chain support on 8 major blockchains enabling broad accessibility and ultra-low-fee transactions via Tron
- Strong reserve backing with $181.22 billion in assets including $135 billion in U.S. Treasuries, $12.9 billion in gold, and $9.9 billion in Bitcoin
- Profitable operations with $13+ billion in annual profits and $6.8 billion in excess reserves as of Q3 2025
- Strategic position as 19th-largest holder of U.S. Treasury bonds globally with over $120 billion holdings
- Integrated into major platforms including Telegram for 700+ million users enabling instant P2P transfers
Risiken
- Lack of full audit from Big Four accounting firm, only quarterly attestations provided
- Complex and opaque reserve composition including corporate bonds, secured loans, and
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STRICT-Score
Bewertung: 65/100 | Potenzial: 1x
Verwandte im gleichen Sektor - Stablecoin
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Haftungsausschluss: Diese Analyse dient nur zu Informationszwecken und sollte nicht als Finanzberatung betrachtet werden. Führen Sie immer Ihre eigene Recherche durch, bevor Sie Anlageentscheidungen treffen. Investitionen in Kryptowährungen sind volatil und mit erheblichen Risiken verbunden.