Tether USD

Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner. Tether works to disrupt the conventional financial system via a more modern approach to money. Tether has made headway by giving customers the ability to transact with traditional currencies across a blockchain, without the inherent volatility and complexity typically associated with a digital currency. As the first blockchain-enabled platform to facilitate the digital use of traditional currencies (a familiar, stable accounting unit), Tether has democratised cross-border transactions across a blockchain.

Official USDT tokens are available on 15+ blockchains. To see which USDT chains that Matcha supports, see the "Related Tokens" section above.

USDT is backed 1:1 with US Dollar equivalents held in the Tether Reserves. Tether publishes daily snapshots of the reserve balances as well as quarterly independent auditor reports which breakout the totals and types of holdings. These holdings and reports can be viewed on Tether's Transparency website.

Yes, this token is the real USDT issued natively on Ethereum by Tether.

Bridged versions of USDT issued by third parties are also present on many networks but are not backed by dollars and therefore cannot be redeemed in the same way as official native USDT. These can be still be swapped for native USDT or exchanged for other cryptocurrencies using Matcha.

Tether supports US dollars (USD), euros, Mexican peso, offshore Chinese yuan, and Gold, with the following Tether Tokens, respectively: USDT, EURT, MXNT, CNHT and XAUT.