Tether (USDT): The Leading Stablecoin Explained

Tether (USDT) is a digital stablecoin issued by Tether Limited. Its primary purpose is to give users a way to store and transfer digital assets pegged to the US dollar. Unlike cryptocurrencies such as Bitcoin or Ethereum, USDT's price is nearly stable, tracking $1 USD. This makes Tether a popular tool for traders and investors looking to avoid the volatility typical for the crypto market.

Tether transactions can be tracked with public blockchain explorers such as Tronscan, Etherscan, or Solscan depending on the network. Tether is issued on several blockchains: Ethereum (ERC-20), Tron (TRC-20), Solana (SPL), Omni, and others. This multi-chain approach guarantees flexibility and wide compatibility with various crypto platforms.

USDT can be stored in both hot and cold wallets. For maximum security, hardware wallets (Ledger, Trezor) or paper wallets are recommended, as they generate private keys offline. USDT is supported by all major exchanges, including Binance, OKX, Bybit, EXMO, and KuCoin. For cold storage, choose the right address type for your network (e.g., ERC-20 for Ethereum).

USDT price remains stable, always targeting $1, making it distinct from volatile assets like Bitcoin, Ethereum, or Solana. As of 2024, Tether's market capitalization exceeds $110 billion, making it the largest stablecoin and one of the most liquid tokens in the world. This enables fast, risk-free value transfers between assets.

Tether is available on networks like Ethereum, Tron, Solana, Polygon, and several others. Each of these chains hosts other popular tokens: on Ethereum — DAI, 0x; on Tron — TRX, USDC; on Solana — SRM, RAY. Thanks to multi-network support, USDT can be moved easily between exchanges and platforms.

To send USDT, you need a wallet that supports the chosen network (e.g., TRC-20 address for Tron). Transaction fees depend on the blockchain: with Tron, fees are almost zero, while on Ethereum they can reach several dollars during congestion. All you need for a transfer is the recipient's address and enough balance to cover the gas cost.

Tether's main advantage is its price stability, making it the preferred choice for storing capital without volatility risk. Unlike Monero or Bitcoin, Tether is not anonymous, but it is significantly faster and cheaper to transfer than most major cryptocurrencies. USDT has become the de facto standard for settlements in the crypto market, and its multi-chain support sets it apart from other stablecoins.