What Is Tether (USDT) on Ethereum?
The ERC-20 version of Tether (USDT), launched in 2017 on the Ethereum blockchain, is a stablecoin pegged 1:1 to the US dollar. It merges the price stability of fiat currencies with Ethereum's smart contract capabilities, offering efficiency and programmability. As one of the most widely used stablecoins in the Ethereum ecosystem, USDT provides:
- Price stability (unlike volatile assets like BTC or ETH)
- High liquidity for trading and DeFi applications
- Fast, low-cost transactions on Ethereum
Key Benefits of Tether (USDT) for Investors
Investors and traders rely on USDT for several reasons:
- Hedge Against Volatility: Maintains value during crypto market fluctuations.
- Seamless Transfers: Low fees and quick settlement on Ethereum.
- Fiat-Crypto Bridge: Easily move between traditional and digital assets.
- Universal Acceptance: Supported by most CEXs and DEXs.
👉 Explore secure ways to buy USDT
Real-Time USDT Price Tools
Monitor the live Tether USD (Ethereum) price at the top of this page. Note that displayed prices exclude exchange fees. For accurate estimates, use our integrated USDT calculator, which factors in both asset prices and transaction costs.
Where to Buy Tether USD (Ethereum)
While USDT is available on multiple platforms, instant exchanges like ChangeNOW simplify the process by allowing:
- Crypto-to-crypto swaps (e.g., ETH to USDT)
- Fiat purchases (USD, EUR, GBP)
👉 Start trading USDT hassle-free
FAQs About Tether (USDT)
1. How is USDT different from other stablecoins?
USDT is the largest by market cap and widely integrated, but competitors like USDC may offer more transparency.
2. Is Tether (USDT) safe?
While historically controversial, it remains highly liquid and trusted for daily trading.
3. Can I use USDT in DeFi?
Yes! It’s commonly used in lending protocols, DEXs, and yield farming on Ethereum.
4. What are the risks of holding USDT?
Primarily regulatory scrutiny and issuer solvency concerns.
5. How do I convert USDT to cash?
Sell it on exchanges supporting fiat withdrawals or use P2P platforms.
6. Why choose ERC-20 USDT over other versions?
Ethereum’s robust smart contract ecosystem makes it ideal for DeFi and dApp integration.