What Tether USD (Wormhole from Ethereum) is designed to do
Tether USD (Wormhole from Ethereum) (USDTET) is a fiat-backed stablecoin, currently ranked 575th by market capitalization among the assets we track. Tether USD (Wormhole from Ethereum) is a tokenized claim on reserves held by its issuer. The design goal is a stable peg, which makes the relevant questions about Tether USD (Wormhole from Ethereum) reserve quality and redemption, not upside.
Tether USD (Wormhole from Ethereum) (USDTET) is a stablecoin that maintains a 1:1 peg to the US dollar, facilitating seamless transfers and transactions across different blockchain networks via the Wormhole cross-chain protocol.
How the peg is meant to hold
The mechanism is straightforward in theory — one token, one unit of reserve — but it depends entirely on the issuer actually holding and honoring those reserves. Attestation quality is therefore the core risk.
Background & fundamentals
In sector terms it is most often filed under Solana (SOL) Token.
Where Tether USD (Wormhole from Ethereum) sits in the market
At $0.9997, Tether USD (Wormhole from Ethereum) carries a market capitalization of $800.63K. Around $0.01 changes hands across exchanges in a typical 24-hour window. That is a turnover of about 0.00% of the float — on the quieter side, which can mean thinner liquidity for large orders.
Tether USD (Wormhole from Ethereum) carries no fixed maximum supply; issuance follows a programmatic schedule rather than a hard cap. At the current $0.9997, USDTET sits essentially at its record high — the riskier end of the range for fresh entries.
What the price history shows
Recent moves read 7-day -0.12%.
Volatility profile
Recent action puts Tether USD (Wormhole from Ethereum) in the Low-volatility band — it has been relatively stable, with moves typical of large-cap, mature assets.
How to evaluate a stablecoin like Tether USD (Wormhole from Ethereum)
The honest checklist for USDTET is short:
- Reserve quality — what backs USDTET — cash and short Treasuries are safer than commercial paper or crypto collateral — and who attests to it.
- Redemption access — whether holders can actually redeem at par, and how quickly, under stress.
- Regulatory standing — the issuer's jurisdiction and licensing, which increasingly determines which stablecoins survive at scale.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.