Cryptocurrency Q&A
What chains is USDT on?
What chains is USDT on?
CryptoVanguard
Wed Aug 14 2024
|
6 answers
1368
Excuse me, could you please clarify which blockchain networks USDT, or Tether, is currently supported on? I understand that Tether is a stablecoin that aims to maintain a 1:1 ratio with the US dollar, but I'm interested in knowing the technical details of which blockchain platforms it utilizes for its operations. Is it only available on Ethereum, or are there other blockchains such as Bitcoin, Tron, or Algorand where USDT can be found? Your insight into this matter would be greatly appreciated.
6 answers
CherryBlossomDancing
Fri Aug 16 2024
Tron hosts approximately $59 billion worth of USDT, showcasing its substantial adoption and integration within the cryptocurrency ecosystem.
Was this helpful?
175
73
Dario
Fri Aug 16 2024
The distribution of USDT across various blockchain networks reveals a significant concentration.
Was this helpful?
266
46
BlockchainBaronessGuard
Fri Aug 16 2024
Despite the numerous chains supporting the stablecoin, the majority of USDT is concentrated on two primary networks: Tron and Ethereum.
Was this helpful?
248
37
Valentina
Thu Aug 15 2024
Ethereum, another major player, holds around $52 billion of USDT, underscoring its status as a preferred blockchain for stablecoin issuance and trading.
Was this helpful?
327
83
Lorenzo
Thu Aug 15 2024
In contrast, other blockchains exhibit significantly lower levels of USDT adoption. For instance, Algorand holds a mere $85 million of USDT, accounting for a mere 0.08% of the total supply.
Was this helpful?
294
41
Load 5 more related questions
