Tether's reserve assets held $8.37 billion in Bitcoin as of September 30, 2026, making its Bitcoin holdings larger than its $7.95 billion excess reserve buffer

Tokens pegged to stable value, usually the US dollar, spanning issuers and reserves, depegs, and adoption by banks and payment networks.

The first and largest cryptocurrency, spanning its price and adoption, mining, protocol politics, and its contested role as digital money and inflation hedge.

Supply, adoption, and competitive dynamics of fiat-pegged tokens, tracking issuers like Tether and Circle and the payment and trading flows they power.