Cryptocurrency Q&A
Is USDT only on Ethereum?
Is USDT only on Ethereum?
lucas_emma_entrepreneur
Thu Apr 10 2025
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7
answers
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I've been hearing a lot about USDT recently and I'm wondering if it's only available on the Ethereum network. Can someone clarify this for me? Is USDT exclusive to Ethereum or can it be found on other platforms as well?
7 answers
Bianca
Fri Apr 11 2025
It's crucial to note that while Tether aims to maintain this 1:1 ratio, independent audits have not consistently verified this claim.
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BusanBeautyBloomingStarShine
Fri Apr 11 2025
In terms of compatibility, Coinbase, a prominent cryptocurrency exchange, currently supports USDT tokens issued on the Ethereum blockchain specifically following the ERC-20 standard.
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Nicola
Fri Apr 11 2025
Tether's issuer asserts that the value of USDT is supported by equivalent or excess bank reserves and loans.
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Stefano
Fri Apr 11 2025
This means that for every USDT token in circulation, there is a corresponding amount of dollars held in reserve or pledged as collateral.
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lucas_jackson_pilot
Fri Apr 11 2025
Users should be aware that Coinbase does not support USDT tokens issued on other blockchains, such as Omni or Tron.
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