
Tether USDT
Tether leads in market ecosystem and team governance, with roadmap delivery remaining a key focus, currently holding a D rating.
Sector Rank #536 · Global Rank #1098
Overall Rating
D · 28.02 / 100Tether has an overall rating Df D (total 28.02), ranking high in market ecosystem, team governance, and economic model across six dimensions. The main point of deduction is roadmap delivery (0 points)—mainly affected by sub-items such as development continuity (0 points) and development heat trends (0 points).
Rating Team Conclusion: "Tether has relative advantages in market ecosystem, team governance, and economic model, but its current weaknesses are concentrated in roadmap delivery." " It is recommended to observe cautiously and not use it as a core configuration basis for now.
Six-Dimension Rating Breakdown
Roadmap Delivery
0/100Roadmap On Time Delivery Rate?As a stablecoin issuer, Tether has no public technology roadmap, making it difficult to assess delivery rates.Weight 35%0 / 100 · 0 / 100
Last 4 upgrades achieved?Tether mainly issues stablecoins and has no protocol upgrades in the traditional sense.Weight 30%0 / 100 · 0 / 100
Milestones to Deliver?No public technology roadmap or pending delivery milestones.Weight 20%0 / 100 · 0 / 100
History Extension Record?There is no public technical roadmap, making it impossible to assess historical delay records.Weight 15%0 / 100 · 0 / 100
Technical Implementation
66.25/100Consensus Mechanism?As a token, Tether's security depends on the consensus mechanism of the underlying blockchain.Weight 30%70 / 100 · 70 / 100
Main network years of operation?Since its launch in 2015, Tether has been operating stably in the market for over 11 years.Weight 15%95 / 100 · 95 / 100
Recent upgrades?Tether continues to deploy across multiple blockchains, expanding its ecosystem.Weight 35%60 / 100 · 60 / 100
Client Diversity?As a token, Tether's client diversity depends on the underlying blockchain it deploys.Weight 20%50 / 100 · 50 / 100
Tokenomics
2.5/100Deflationary Mechanism?Tether maintains its peg to fiat currencies through minting and burning, with no deflationary mechanisms.Weight 30%0 / 100 · 0 / 100
Inflation rate?Tether's supply is dynamically adjusted based on market demand to maintain its peg to the US dollar.Weight 25%10 / 100 · 10 / 100
Staking rate/position lock-up rate?As a stablecoin, Tether does not offer staking or lock-up mechanisms.Weight 25%0 / 100 · 0 / 100
Supply Upper Limit?Tether's supply has no fixed limit and is dynamically adjusted based on reserve assets.Weight 20%0 / 100 · 0 / 100
Team Governance
59.25/100Core Development Team?Tether is operated by a centralized team, with core members' backgrounds made public.Weight 30%60 / 100 · 60 / 100
Governance mechanisms?Tether's decisions are made by a centralized internal team without community governance.Weight 25%40 / 100 · 40 / 100
Financial Transparency?Tether regularly publishes reserve reports, but there is still room for transparency.Weight 25%85 / 100 · 85 / 100
Concentration of key people?As a centralized entity, Tether's key figures have significant influence over project decisions.Weight 20%50 / 100 · 50 / 100
Market Ecosystem
87.5/100Active Address?Tether has a large user base and a large number of active addresses, with high market penetration.Weight 30%95 / 100 · 95 / 100
Ecological chain/L2 quantity?Tether has been deployed on more than 10 mainstream blockchains, with extensive ecosystem coverage.Weight 25%90 / 100 · 90 / 100
DeFi TVL?Tether is a major liquidity provider in the DeFi ecosystem, contributing significantly to TVL.Weight 25%90 / 100 · 90 / 100
Developer community?As a stablecoin, Tether has a large number of integrators and applications, rather than a traditional developer community.Weight 20%70 / 100 · 70 / 100
Security & Compliance
0/100Historical Major Failure?Tether has been attacked, and the contract faces risks of proxy and permission leakage red lines.Weight 25%0 / 100 · 0 / 100
Regulatory Attitude?Tether has been fined by the CFTC and faces ongoing regulatory pressure.Weight 30%0 / 100 · 0 / 100
Sec Attitude?Tether's securities status is controversial, facing intense scrutiny from institutions such as the SEC.Weight 30%0 / 100 · 0 / 100
Client Bug Frequency?As a token, Tether's client bug frequency depends on the underlying blockchain where it is deployed.Weight 15%0 / 100 · 0 / 100
D Peer Comparison
Export CSV TetherD · 28.02 | VOOID · 33.28 | IMOD · 33.25 | ||
|---|---|---|---|---|
| Overall Score | 28.02 | 33.28 | 33.27 | 33.25 |
| Roadmap Delivery | 0 | 37.5 | 11.25 | 37.5 |
| Technical Implementation | -- | -- | -- | -- |
| Tokenomics | 2.34 | 0 | 3.58 | 29.52 |
| Team Governance | 67.47 | 95.96 | 86.63 | 44 |
| Market Ecosystem | 80 | 66.15 | 18.32 | 6.96 |
| Security & Compliance | 0 | 0 | 52.51 | 50.06 |


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