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USDTPROJECT DOSSIER

TetherUSDT

A widely used dollar-reference token.

USDT is a stablecoin issued by Tether that is designed to track the U.S. dollar. Tokens circulate on multiple blockchain networks. USDT is commonly used for trading settlement and moving dollar-denominated value between platforms.

Research profile · Not a trading recommendation · No live price displayed
Stylized Tether illustration
USDT / ASSETSTABLECOINS
ASSET NAMETether
SYMBOLUSDT
PRIMARY CATEGORYStablecoins
LEARN MORE5 RESEARCH TOPICS
01 / INTRODUCTION

What is Tether?

USDT is a stablecoin issued by Tether that is designed to track the U.S. dollar. Tokens circulate on multiple blockchain networks. USDT is commonly used for trading settlement and moving dollar-denominated value between platforms.

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Start with the fundamentalsFocus on the purpose of the network or token before looking at market activity.
02 / UNDER THE HOOD

Technology & network design

USDT is an issued token rather than a standalone consensus blockchain. Transfer rules and costs depend on the specific chain hosting the token.

03 / THE ECOSYSTEM

How it is used

Exchange settlement, cross-border transfers, payment rails and movement between digital-asset markets.

04 / THE BIG PICTURE

What makes it different

Broad distribution across networks and markets can make USDT convenient, but the exact token contract and network must be verified before transfer.

05 / KNOW THE RISKS

Risks & trade-offs

Issuer, reserve, redemption, depegging, chain-compatibility and counterparty risks. USDT is not a government-insured bank deposit.

! Never send funds to an address you have not verified, and never share your wallet recovery phrase.