Tether (USDT)
A plain-language guide to USDT: what it is, how it tracks the US dollar, and how to buy or sell it with us.
What is USDT?
USDT, often called Tether, is a stablecoin: a digital token issued by Tether and designed to hold a value of one US dollar.
Because its price is meant to stay close to a dollar, people use USDT to move dollar value between wallets, platforms and countries quickly, without the price swings of Bitcoin or Ethereum.
USDT is not a bank deposit and is not issued or insured by a government. Its value depends on the issuer and on market confidence.
Where USDT runs
The same token exists on several blockchains. Each network has its own addresses and fees.
TRC-20 (TRON)
Popular for transfers because fees are usually low. Addresses start with T.
ERC-20 (Ethereum)
Widely supported. Fees change with Ethereum demand. Addresses start with 0x.
Other networks
USDT also runs on other chains. Ask us before using any network not listed on our rates.
Why people use USDT
- Moving dollar value across borders in minutes
- Holding value between crypto trades
- Paying or getting paid by partners who use crypto
- Transfers any time of day, including weekends
Risks to understand
- The price can move away from one dollar, especially in stressed markets.
- It relies on the issuer’s reserves and management.
- Sending on the wrong network can mean losing the funds.
- Blockchain transfers cannot be reversed once sent.
Our USDT price today
Trade USDT for Canadian dollars in cash or by wire.
Tether (USDT)
Live
| Asset | We buy | We sell |
|---|---|---|
| USDT Tether | 1.3905 | 1.4187 |
USDT calculator
Uses our current buy and sell rates.
Estimate only. Your final rate is confirmed when you complete your transaction.
USDT questions
Why do you ask for ID to trade USDT?
Businesses that deal in virtual currency in Canada must verify their clients’ identity and keep records. It also protects you against fraud and impersonation.
Which wallet should I use for USDT?
Any reputable wallet that supports USDT on the network you plan to use. Make sure you, and only you, hold the recovery phrase.
Can I send USDT on TRC-20 to an ERC-20 address?
No. The network must match on both sides. We confirm the network with you before every transfer.
Buy or sell USDT with us
Call with the amount and your network, and we’ll quote a live price.