Learn all about USDT (ERC20) and its advantages as the leading stablecoin on Ethereum.
Introduction to Tether USD (USDT)
Tether USD (USDT) launched on the Ethereum blockchain on January 5, 2018, and has since dominated as the #1 ERC20 token by market capitalization, trading volume, and holder count. This guide explores:
- What USDT is and why Ethereum is the preferred layer for Tether.
- How to trade, buy, and sell USDT.
- Key metrics like market cap, liquidity, and adoption.
Why USDT Is the Top ERC20 Token
Token Details:
- Smart Contract: 0xdac17f958d2ee523a2206206994597c13d831ec7.
- Name: Tether USD.
- Symbol: USDT.
Each USDT is 100% backed by reserves (USD, cash equivalents, loans). Tether guarantees 1 USDT = 1 USD redemption.
Key USDT Metrics
Market Capitalization
- Total Market Cap: $4.6B (Rank #5).
- Ethereum Dominance: 58.5% of circulating USDT.
👉 Trade USDT with ultra-low fees
Trading Volume
- Daily Volume: $43M (March 2020 data).
- Liquidity Advantage: 143x higher than the next ERC20 token.
User Adoption
- Holders: ~882,000 addresses.
- Unique Senders: Steady uptrend due to Ethereum’s ease of use.
Transport Layers for Tether USD
Ethereum is the most-used layer (56% of circulation), followed by:
- Omni Layer (Bitcoin-based).
- Other blockchains (TRON, EOS, etc.).
Why Ethereum?
- Lower fees.
- Faster transactions (15-second block confirmations).
- Broader exchange/wallet support.
ERC20 vs. Omni Layer
| Feature | ERC20 (Ethereum) | Omni Layer |
|--------------|------------------|------------|
| Fees | Lower | Higher |
| Speed | Faster | Slower |
| Compatibility| Wider | Limited |
👉 Buy USDT instantly with a bank card
How to Buy/Sell USDT (ERC20)
Trading Pairs
Trade USDT against ETH, WBTC, USDC with tight spreads.
Fees:
- Trading: 0.02%–0.10%.
- Withdrawals: Variable (check exchange rates).
Purchasing USDT via Bank Card
- Visit a card processing page.
- Enter amount and wallet address.
- Pay via Visa/MasterCard/Apple Pay.
FAQs
1. Is USDT safe?
Yes, each USDT is backed 1:1 by USD reserves.
2. Why choose ERC20 USDT?
Lower fees, faster transactions, and wider acceptance.
3. Where can I trade USDT?
Top exchanges like OKX support ERC20 USDT.
4. How do I store USDT?
Use ERC20-compatible wallets (MetaMask, Trust Wallet).
5. What’s USDT’s daily volume?
Over $40M, ensuring high liquidity.
Useful Links
- Contract: Etherscan.
- Support: Tokpie Telegram.