TetherUS
ATH / ATL
Networks
Supported exchanges
About the coin
Tether (USDT) is a prominent stablecoin designed to maintain a stable value relative to the US dollar. It is issued by Tether Holdings Limited and aims to bridge the gap between fiat currencies and cryptocurrencies.
The primary utility of USDT lies in its function as a stable store of value within the volatile cryptocurrency market. This stability allows traders and investors to move into and out of riskier digital assets without the need to convert back to traditional fiat currency, which can be time-consuming and incur fees.
USDT is pegged to the US dollar at a 1:1 ratio, meaning that for every USDT issued, there is intended to be one US dollar held in reserve by the issuing company. This backing is crucial for maintaining its stability and market confidence.
Tether operates on multiple blockchain networks, enhancing its accessibility and interoperability across the broader crypto ecosystem. This multi-chain presence allows users to leverage USDT on various decentralized applications (dApps) and trading platforms.
Some of the prominent blockchains where USDT can be found include:
- Ethereum (ERC-20)
- BNB Smart Chain (BEP-20)
- Polygon PoS (ERC-20)
- Solana (SPL)
- Tron (TRC-20)
- Avalanche C-Chain (ERC-20)
- Arbitrum One (ERC-20)
- Optimism (ERC-20)
The specific token standard and contract address can vary depending on the blockchain network. For instance, on Ethereum, it adheres to the ERC-20 standard, while on Solana, it uses the SPL standard.
The decimals for USDT also differ across chains. For example, on most EVM-compatible chains like Ethereum or BNB Smart Chain, it has 18 decimals. However, on Solana, it uses 9 decimals, and on Tron, it uses 6 decimals. This is an important consideration for users when interacting with USDT on different networks.
The status of Tether (USDT) is active, indicating its continued operation and availability within the cryptocurrency space. Its widespread adoption makes it one of the most liquid stablecoins available for trading and transfers.
USDT facilitates seamless transactions, allowing for quick and relatively low-cost transfers of value across borders. This makes it a popular choice for remittances and international trade within the crypto sphere.
The stability provided by USDT is particularly valuable during periods of high market volatility. It acts as a safe haven, enabling users to preserve capital without exiting the digital asset ecosystem entirely.
In essence, Tether (USDT) serves as a critical piece of infrastructure in the cryptocurrency world, offering a stable digital representation of the US dollar that is accessible across a wide array of blockchain networks.
Trust & methodology
Last updated:
Data source: Price and volume snapshots are sourced from Binance using the USDT-PARITY market feed.
About Gygaz: Gygaz is a crypto transfer intelligence project focused on exchanges, assets and networks. We structure routing, support and market context so users can compare how crypto moves between platforms.