Confusion around Tether

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Avatar for Telesfor
2 years ago

I have noticed that many people are confused about the Tether USDt. They exchange BCH for USDt with the wallet and later don't know how to use it. To explain it, you have to know that there are different USDt tokens that are not compatible with each other. This means that they have the same name but are technically different. You cannot add a Tether version to the wallet of another Tether version. They also have different addresses.

The following tether versions are available:


The best known Tether token is the ERC-20 token, which was created on the Ethereum blockchain. This token is the most widely used and most exchanges support it. This address begins with 0x and has this form, for example:


To send this form of tether, you must own ETH and have it in the same wallet as USDt. This is necessary because the token is moved on the Ethereum blockchain and the transaction fees (gas fees) are paid with ETH. A big disadvantage of this USDt variant are the high gas fees that you have to pay. They are more than $5, sometimes more than $10 per transaction.


This version of Tether was created in Bitcoin Cash blockchain and is used in the wallet. This version is rarely supported in exchanges. You can exchange it for other coins in This tether version starts with simpleledger: and looks like this, for example:


To send this form of tether, you must own BCH and have it in the same wallet as USDt. En great advantage of this version is the very low transaction fees for sending. As this token is moved on the Bitcoin Cash blockchain, Bitcoin Cash fees are paid, which are known to cost less than a cent.

USDt Liquid

Liquid is a sidechain developed by the Blockstream Corporation. The main disadvantage is that Liquid is centralised and under the control of Blockstream. Tether liquid address, for example, has this form:


One advantage of Liquid is low transaction fees. However, they are paid to a wallet that is under Blockstream's control.


Tether OMNI is a token used on the Bitcoin blockchain via the Omni Layer Protocol. It is accepted at many exchanges and has the same form as the BItcoin address. For example:




A major disadvantage of this version are the transaction fees. When BTC transaction fees rise, which is often the case, OMNI fees also rise and can be more than $10 per transaction.


It is a token in the TRON network. It is supported by many exchanges and has the following address, for example:


It is now more commonly used than ERC-20 tether because the tron fees are reactively low.


Is a token in the EOS network and has the following address, for example:


There are no gas fees in the EOS network. However, there are other things to consider when submitting an EOS transaction. One needs CPU, network bandwidth and RAM, which must be purchased.

USDt ALGO (Algorand)

This is a token in Argorand's network. It is real new and is still supported at few exchanges. The address has the following form, for example:




Advantage of ALGO are low transaction fees.

USDt SOL (Solana)

This is a token in the Solana network. This is the newest token, I think. The advantage of Solana are very fast and extremely low transaction fees. The address has the following form, for example:




Here you can find all Tether Token versions and Ballances

As I wrote at the beginning, all these tether versions are incompatible with each other. You cannot send USDt SLP to USDt ERC-20 address. If you have exchanged BCH to USDt in the wallet, it is best to exchange it back in the wallet. However, you must keep in mind that the wallet you hold your USDt in must contain a small amount of BCH because the SLP transaction takes place on the Bitcoin Cash network and you have to pay a Bitcoin Cash transactions fee.

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Avatar for Telesfor
2 years ago