# Tether: how AI models rank it, November 2026

Gane Index, November 2026 Edition. Named in 13 judge labels across 1 category by 9 of 14 models. Page: https://www.gane.ai/index/finance/vendors/tether

## Standing by category

| Category | Share | Rank | Negative rate | Labels |
|---|---|---|---|---|
| [Stablecoin platforms](https://www.gane.ai/index/finance/treasury/stablecoin-platforms/index.md) | 0% | 31 | 46% | 13 |

## What the models said for it

- "The largest and most liquid stablecoin... Choose USDT if you need maximum liquidity for trading on centralized exchanges." (Qwen 3.7 Flash, Stablecoin platforms)
- "USDT (Tether) remains the global standard for exchange order books and cross-border settlement." (Gemini 3.5 Flash, Stablecoin platforms)
- "The largest stablecoin by market cap ($179.89B), holding over 70% of the total stablecoin market." (Mistral Small, Stablecoin platforms)
- "USDT and USDC remain the clear leaders... The largest and most liquid stablecoin" (Grok 4.20, Stablecoin platforms)

## And against it

- "has faced longstanding controversy over the transparency of its reserves. It's widely used but carries higher counterparty risk perception." (MiniMax M2.5, Stablecoin platforms)
- "has a history of transparency issues, fines for misleading claims about reserves, and past depegs... Be cautious if using large amounts" (Grok 4.20, Stablecoin platforms)
- "Use with Caution | USDT | High liquidity, massive adoption. But lacks full transparency and has a controversial legal history." (Qwen 3.7 Flash, Stablecoin platforms)
- "BE CAUTIOUS: Stablecoins with Transparency & Regulatory Issues ... it carries notable risks" (Kimi K2, Stablecoin platforms)

## By model

| Model | First choice | Alternative | Mention | Warning | Labels |
|---|---|---|---|---|---|
| Claude Haiku 4.5 | 0 | 0 | 0 | 0 | 0 |
| GPT-5.4 mini | 0 | 0 | 0 | 0 | 0 |
| Gemini 3.5 Flash | 1 | 0 | 0 | 0 | 1 |
| Perplexity Sonar | 0 | 1 | 0 | 0 | 1 |
| Grok 4.20 | 1 | 0 | 0 | 1 | 2 |
| Mistral Small | 1 | 0 | 0 | 0 | 1 |
| DeepSeek V4 Flash | 0 | 1 | 0 | 1 | 2 |
| Llama 4 Maverick | 0 | 0 | 0 | 0 | 0 |
| Qwen 3.7 Flash | 1 | 0 | 0 | 1 | 2 |
| Kimi K2 | 0 | 0 | 0 | 1 | 1 |
| GLM 4.7 FlashX | 0 | 0 | 0 | 1 | 1 |
| MiniMax M2.5 | 0 | 0 | 1 | 1 | 2 |
| GPT-6 Luna | 0 | 0 | 0 | 0 | 0 |
| Muse Glimmer 30B | 0 | 0 | 0 | 0 | 0 |

## Sources returned with these answers

The sites and pages cited by the answers that named Tether, from 31 of the 37 answers that named it (only the models that return a source list).

### Domains cited

- stripe.com: 14
- federalreserve.gov: 8
- bis.org: 6
- circle.com: 6
- coingecko.com: 6
- congress.gov: 6
- hkma.gov.hk: 6
- upshift.finance: 6
- alchemy.com: 5
- coinmarketcap.com: 5

### Pages cited

- https://stripe.com/resources/more/are-stablecoins-safe-for-business-use: 7
- https://alchemy.com/overviews/enterprise-stablecoin-guide: 5
- https://coinmarketcap.com/view/stablecoin: 5
- https://media-publications.bcg.com/Stablecoins-five-killer-tests-to-gauge-their-potential.pdf: 5
- https://coingecko.com/research/publications/state-of-stablecoins-2024: 4
- https://hkma.gov.hk/media/eng/publication-and-research/research/research-memorandums/2022/RM09-2022.pdf: 4
- https://ocbc.com/iwov-resources/sg/ocbc/gbc/pdf/fx%20outlook/fx%20ideas/stablecoins%20-%20unpacking%20the%20future%20of%20digital%20currency.pdf: 4
- https://247wallst.com/investing/cryptocurrency/2026/10/31/tether-made-1-5-billion-in-q3-and-doubled-its-reserve-cushion-to-8-billion-how-safe-is-usdt-now: 3

## Record

- Method: https://www.gane.ai/index/finance/methodology
- License: CC BY 4.0. Cite as Gane Index, November 2026 Edition, www.gane.ai/index/finance.