Tether
Tether (USDT) is a pioneer in the stablecoin space, offering a digital equivalent to the US Dollar on the Ethereum blockchain.
About Tether
Tether (USDT) is a blockchain-based cryptocurrency whose tokens in circulation are backed by an equivalent amount of traditional fiat currencies. By converting cash into a stable digital asset, it provides users with the benefits of open blockchain technology—such as fast, global transactions—while minimizing the price volatility often associated with digital currencies. As an ERC-20 token, it is a cornerstone of the Ethereum DeFi ecosystem. Contract: 0xdac17f958d2ee523a2206206994597c13d831ec7
Key Features
Fees & Pricing
Withdrawal Fee
Varies by exchange and Ethereum network gas fees (Current Gas: 0.122 Gwei)
Deposit Fee
Generally free on most exchanges
Minimum Deposit
Typically $1–$10 depending on the platform
Platform & Services
Payment Methods
Products & Services
Support Options
Security & Compliance
Regulatory Status
Registered as a Money Services Business (MSB) in multiple jurisdictions; undergoes regular transparency attestations
Security Features
Pros & Cons
Pros
- Price stability
- Massive trading volume
- Instant global transfers
- Integrated into almost every major exchange
Cons
- Potential for high Ethereum gas fees during congestion
- Centralized management
- Dependent on fiat reserve transparency