RAI vs Tether

How RAI vs Tether compare on our ratings, stablecoin specs, funding, pros and cons.

RAI3.0/5

Tether4.0/5

Feature	RAI Visit	Tether Visit
Ratings
Our score	3.0/5	4.0/5
User rating	No reviews yet	No reviews yet
Reserves & transparency	4.5	4.5
Peg stability	2.5	4.0
Regulation	1.0	2.5
Liquidity & chains	2.5	5.0
Redemption	4.0	3.5
Specs
Tickers	RAI	USDT, EURT, XAUT
Pegged to	Other	US dollar
Backing	Crypto collateral	Cash & treasuries
Yield-bearing	No	No
Regulated issuer	No	No
Supply / market cap	Not disclosed	>$90 billion on Tron alone
Chains	Ethereum, Fantom, Polygon, Solana, Avalanche, Arbitrum, Optimism	Tron, Ethereum, Solana, Avalanche, Polygon, Celo, Near, Tezos, Algorand, EOS, Liquid Network, Omni
Reserve reports	Not disclosed	Quarterly BDO Italia attestations and KPMG US financial audit
Redemption terms	Collateral redeemed from SAFEs via repayment or by token holders through Global Settlement at the floating redemption price	Not disclosed
Issuer can freeze tokens	No	Yes
Company
Founded	2020	2014
Headquarters	—	El Salvador
Investors	Lemniscap, Pantera Capital, Paradigm	Cantor Fitzgerald
Strengths and weaknesses
Pros	No fiat reserves or banking dependencies Smart contracts feature no blacklist or token freeze capabilities Pure ETH backing with fully transparent on-chain collateral reserves Accessible globally on Ethereum mainnet, with bridged tokens on Arbitrum, Optimism, Polygon, Avalanche, Fantom, and Solana	Over $90 billion in liquidity on the Tron network alone Completed a full independent US GAAP financial statement audit by KPMG U.S Maintained a reserve surplus over liabilities of $6.814 billion at year-end 2025 Supported across virtually every major centralized exchange and trading pair
Cons	Floats against the US dollar rather than holding a static $1.00 peg Collateral depositors face liquidation risk during steep ETH market drawdowns Contract vulnerability in September 2026 resulted in an exploit draining 5.94 ETH Bridged versions introduce cross-chain bridge smart-contract risks	European spot trading pairs delisted under EU MiCA regulatory requirements Issuer retains smart contract authority to freeze token balances arbitrarily CFTC found reserves were fully backed on only 27.6% of days in 2016-2018 No direct yield paid to retail stablecoin token holders
Best for	DeFi collateral without fiat risk, Users avoiding centralized freeze capabilities, ETH holders seeking decentralized borrowing	High-frequency crypto exchange traders, Cross-border transfer recipients outside the EU, Tron network settlement users

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