{"data":{"issuer_slug":"tether","issuer_name":"Tether","logo":null,"verification_interval":"15m","basis":"Observed figures from Philidor’s stablecoin backing look-through: every product identifies whether evidence is Philidor-verified on-chain, independently attested, or issuer-reported. Reserve and liability timestamps are separate, stale evidence fails closed, and cross-time or cross-scope ratios are withheld. Unobserved fields are null with a reason; nothing is inferred. This is decision evidence, not a solvency guarantee.","products":[{"symbol":"USDT","name":"Tether USD","address":"0xdac17f958d2ee523a2206206994597c13d831ec7","chain_id":1,"status":"live","status_reason":null,"verification_method":"issuer_report","liability_method":"issuer_report","onchain_verified_pct":0,"verifiability_pct":0,"collateral_ratio":1.0298123047798655,"supply_usd":183378837337.8042,"total_reserves_usd":188845783126.6962,"last_verified_at":"2026-09-01T15:03:40.705Z","last_observed_at":"2026-09-01T15:03:40.705Z","source":"tether","source_updated_at":"2026-08-31T23:30:00.000Z","liability_updated_at":"2026-08-31T23:30:00.000Z","verification_interval":"15m","evidence_interval":"1d","max_operand_skew_minutes":1,"source_url":"https://tether.to/en/transparency/","evidence_basis":"Tether issuer transparency feed; total assets and total liabilities are taken from the same timestamped payload. Quarterly independent assurance is point-in-time and must not be treated as assurance of later feed values.","delta_neutral":null,"insurance_fund_usd":null,"sleeves":[{"sleeve_key":"issuer_reported_reserves","weight_pct":100.00000000000001,"amount_usd":188845783126.6962,"score":2,"score_source":"fail_closed"}],"published_score":7.9,"published_tier":"Core","snapshot_at":"2026-09-01T15:03:40.705Z","null_reasons":{"delta_neutral":"No observed source asserts delta-neutrality for this product.","insurance_fund_usd":"No adapter observes an insurance fund for this product yet."}}],"unobserved_products":[],"headline":{"headline_collateral_ratio":1.0298123047798655,"headline_reserves_usd":188845783126.6962,"headline_supply_usd":183378837337.8042,"verifiability_pct":0,"status":"live","status_reason":null,"last_verified_at":"2026-09-01T15:03:40.705Z","oldest_source_updated_at":"2026-08-31T23:30:00.000Z","last_observed_at":"2026-09-01T15:03:40.705Z","null_reasons":{}}}}