Sharlife is a Registered Shariah Advisory Firm with Securities Commission Malaysia - The only regulated provider of crypto & stocks Shariah status
Sharlife is a Registered Shariah Advisory Firm with Securities Commission Malaysia - The only regulated provider of crypto & stocks Shariah status
All Tether tokens are pegged at 1-to-1 with a matching fiat currency and are backed 100% by Tether's Reserves. Information about Tether Tokens in circulation is typically published daily.
Tether (USDT) is a stablecoin that maintains a 1:1 peg with the US dollar. It's designed to combine the unrestricted nature of cryptocurrencies with the stable value of the USD, allowing users to transact with a reliable store of value on the blockchain.
USDT is built on several leading blockchains, including Ethereum, Tron, Solana, and others, making it one of the most accessible and widely used stablecoins in the cryptocurrency ecosystem.
Tether's reserves consist of a diverse portfolio of assets, with the majority (82.35%) held in Cash & Cash Equivalents & Other Short-Term Deposits. The remaining reserves include Bitcoin (5.47%), Precious Metals (3.70%), Secured Loans (5.70%), Other Investments (2.77%), and Corporate Bonds (0.01%).
As of 31 December 2024
| Category | Percentage | Shariah Status |
|---|---|---|
| Cash & Cash Equivalents & Other Short-Term Deposits | 82.35% | Mixed |
| Corporate Bonds | 0.01% | Non-Shariah |
| Precious Metals | 3.70% | Shariah |
| Bitcoin | 5.47% | Shariah |
| Other Investments | 2.77% | Questionable |
| Secured Loans | 5.70% | Non-Shariah |
| Category | Percentage | Shariah Status |
|---|---|---|
| U.S. Treasury Bills | 79.83% | Non-Shariah |
| Overnight Reverse Repurchase Agreements | 11.92% | Non-Shariah |
| Term Reverse Repurchase Agreements | 2.60% | Non-Shariah |
| Money Market Funds | 5.50% | Non-Shariah |
| Cash & Bank Deposits | 0.09% | Non-Shariah |
| Non-U.S. Treasury Bills | 0.06% | Non-Shariah |
9.17% of reserves (Bitcoin, Precious Metals)
2.77% of reserves (Other Investments)
88.06% of reserves (Treasury Bills, Reverse Repurchase Agreements, Corporate Bonds, etc.)
Permissible for use in Shariah-compliant transactions
USDT is considered Shariah-compliant for the following reasons:
USDT can be used for Shariah-compliant transactions, provided that the transactions themselves adhere to Islamic principles. It is suitable for payments, transfers, and as a medium of exchange in halal commerce.
| Reserve Assets | Cash, T-Bills, Bitcoin, Precious Metals |
|---|---|
| Yield Source | N/A |
| Launched | 2014 |
| Issuer | Tether International |
Regulated in El Salvador
Tether International, a Salvadoran company registered under El Salvador's Commercial Registry, operates as a stablecoin issuer and a Digital Assets Service Provider (DASP) authorized by the National Commission of Digital Assets (CNAD) under Registration Number PSAD – 0028.
It is wholly owned by Tether Holdings, S.A. de C.V., and Tether Operations, S.A. de C.V., both incorporated under El Salvadoran law. This regulatory framework reinforces the legitimacy of USDT within El Salvador's digital asset ecosystem.
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