Stablecoin
Tether, fintech, on Ethereum since November 2017.
Ethereum is the largest USDT chain alongside Tron. FIGURE CAVEAT: rwa.xyz's Ethereum figure (~$97.9B) differs materially from the ~$88.3B token-contract supply observed on Etherscan on the same date; the discrepancy is unresolved and the reader should treat the Ethereum share as approximate. Tether's own transparency page was not retrievable in this pass.
In the record
105
months from first observation to the record's assessment of August 2026
13
fintech rows in the record, this one included
45
rows filed to Ethereum by their sources
What it bears on
R3Do we know what this instrument is, legally, in every venue we operate?
needs design
ETH is a digital commodity in the United States and stablecoin law is in force. Market-structure legislation stalled, and jurisdictions are diverging.
R6Who is the counterparty when there is no counterparty?
needs design
An ownerless system meeting procurement built for vendors. Six organisations can take your first call, and our own unincorporated status is part of this problem, not outside it.