Research dossier

USDT

Tether

Token · EthereumVerified across multiple provider identities

Contract · Ethereum

0xdac17f958d2ee523a2206206994597c13d831ec7

Official website (Opens an external website)

CoinGecko · CoinMarketCap

Requested by the community. Verified from provider data. · Sep 23, 2026, 10:14 PM

Some evidence needs refreshing.

IdentifiedChecking evidenceReviewing contradictionsFindings ready

The brief

What we still don't know

  • The one applicable hypothesis cannot be fully tested with the available evidence.
  • One or more evidence categories could not be collected from the configured providers.
  • One or more required observations exceed the freshness window used by this finding. 7 required observations are outside the freshness window.
  • The required ATH drawdown observation is older than the freshness window used by this finding. Stale evidence: Current USD price (updated 2026-09-23T23:41:40.000Z).
  • Maximum supply

Evidence at a glance

Market
1 fact available
Supply
No verified coverage yet
Evidence quality
Partial

Sources used in this research

  • CoinGecko

    0 facts available · Updated Sep 23, 2026

NoShills shows dated public facts only. This is not a buy or sell recommendation.

How this research was built

Identity → Evidence → Derived metrics → Findings

NoShills preserves missing values, source conflicts and evidence timestamps instead of smoothing them into a single rating.

Read the methodology

The numbers

A neutral record of collected facts, source timing, evidence coverage, and current testability.

Completed · Sep 23, 2026, 11:44 PM · Refresh is available

Market & valuation

Reported volume is not the same as executable liquidity.

An FDV gap does not automatically mean imminent dilution.

Current fully diluted valuationMarket · Stale
$188.91B
Exact value188908066499
Source: CoinGeckoProvider updated: Sep 23, 2026, 11:41 PMRetrieved: Sep 23, 2026, 11:44 PMThis fact has recorded source or coverage limitations.
Current market capitalizationMarket · Stale
$183.44B
Exact value183441959428
Source: CoinGeckoProvider updated: Sep 23, 2026, 11:41 PMRetrieved: Sep 23, 2026, 11:44 PMThis fact has recorded source or coverage limitations.
Current USD priceMarket · Stale
$0.999855
Exact value0.999855
Source: CoinGeckoProvider updated: Sep 23, 2026, 11:41 PMRetrieved: Sep 23, 2026, 11:44 PMThis fact has recorded source or coverage limitations.
Trailing 24-hour volumeMarket · Stale
$82.06B/24h
Exact value82056385142
Source: CoinGeckoProvider updated: Sep 23, 2026, 11:41 PMRetrieved: Sep 23, 2026, 11:44 PMThis fact has recorded source or coverage limitations.
FDV / market capitalization ratioMarket · Available
1.03×
Exact value1.0297974742967429877969957855873410279521602799525020346099178388459925080385519
Retrieved: Sep 23, 2026, 11:44 PMThis fact has recorded source or coverage limitations.

Supply

No verified unlock calendar is available.

Circulating supplySupply · Stale
183.47B token
Exact value183470116796.00073
Source: CoinGeckoProvider updated: Sep 23, 2026, 11:41 PMRetrieved: Sep 23, 2026, 11:44 PMThis fact has recorded source or coverage limitations.
Maximum supplySupply · Missing
Max supply not reportedSource: CoinGeckoProvider updated: Sep 23, 2026, 11:41 PMRetrieved: Sep 23, 2026, 11:44 PMThis fact has recorded source or coverage limitations.
Total supplySupply · Stale
188.94B token
Exact value188937062885.4362
Source: CoinGeckoProvider updated: Sep 23, 2026, 11:41 PMRetrieved: Sep 23, 2026, 11:44 PMThis fact has recorded source or coverage limitations.

Evidence quality

These components describe evidence completeness, timing, provenance, agreement, and category coverage.

Cross-source agreement
Insufficient cross-source evidence
Completeness
Measured · 6/7 applicable observations
Category coverage
Measured · 2/2 applicable observations
Freshness
Measured · 6/6 applicable observations
Provenance
Measured · 6/6 applicable observations
Overall evidence quality
Unavailable

Evidence quality only describes the completeness and reliability of the collected record.

What can currently be checked

Testability only describes whether the required evidence can currently be checked.

Launch market evidence authorization

Partially testable

Structural comparison with reviewed cases

Deterministic comparison uses evidence available at each displayed cutoff. Historical outcomes are attached only after case selection is frozen.

Historical comparison is not publicly available yet because the verified research corpus is still being expanded.

Historical outcomes were not used to select cases. These comparisons do not establish current behavior or provide investment guidance.

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