Is Tether halal?

Tether is a stablecoin designed to keep a steady value against a currency such as the US dollar. It is issued as a token on Ethereum.

Tether needs further review under the Deengen Shariah screen.

USDT price

$0.9990

−0.01% 24h

Market value

$182.8B

rank #3

From all-time high

−24.5%

high $1.32

Shariah screen result

Needs reviewReviewed by Deengen · Method v1.0 · as of 12 Oct 2026

69/100

Screen index
mean of the five criteria

Riba-freeno reliance on interest

Claritylow excessive uncertainty

Not maysirproductive, not gambling

Asset-backingreal value underneath

Use-casepermissible purpose

Reserves may earn interest and transparency is debated; fiat-stablecoin permissibility is contested.

Reviewed by our team under our published method. This is a screening result, not a fatwa. Scholars may reach different views.

Securities Commission Malaysia: not on the Shariah-compliant digital currencies list.

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A screening result, automatic or reviewed, reflects our published method on the date shown. It is not a fatwa and not a recommendation to buy, sell or hold any asset. Where scholars differ, consult a qualified scholar. Crypto involves substantial risk, including the loss of your capital. Market data from CoinGecko may be delayed or wrong.