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USDT · not an EMT · Tether Operations Limited · Checked 24 JUL 2026

At a glance

Issuer
Tether Operations Limited
Issuer country
El Salvador
Peg
USD
Regulator
None (no EU licence)
Website
tether.to

Last checked 24 JUL 2026

Verification profile · v0.2

The score.

Four dimensions, weighted 30 / 30 / 25 / 15. Without D1 (Regulatory) the composite is capped at 24. Footprint is context only — weight 0.

20 ≤ 24 · cappedcomposite

Footprint · context only · weight 0

D1 · D2 · D4 inherited from issuer → Tether Operations Limited

Reserves

Claims full backing by US Treasuries, cash equivalents and other assets (incl. Bitcoin and gold) with quarterly attestations, not a full audit.

NOT MiCA-compliant: no EU EMI/banking licence, absent from the ESMA EMT register. Delisted from EEA spot pairs by Coinbase, Kraken, Crypto.com, Binance and others during 2025. Included as the non-compliant benchmark.

Sources · checked 2026-07-24