SIGN UPloading spinner


Last Updated: February 16, 2024

USDT is a stablecoin pegged to fiat currency designed to maintain a stable value, particularly in volatile markets.


Tether is owned by iFinex, the same company that owns BitFinex exchange.
USDT was created as an attempt to solve two perceived issues with existing cryptocurrencies at that time: high volatility and convertibility between fiat currencies and cryptocurrencies.


With the original name Realcoin, Tether was founded in July 2014 by Brock Pierce, Craig Sellars, and Reeve Collins. Built upon Mastercoin (Omni), a protocol layer for Bitcoin that introduced the stablecoin concept to the world in 2012, Tether pioneered what is now known as a fiat-collateralized stablecoin model.

How does it work?

Tether tokens are assets that move across the blockchain like other digital currencies but are pegged to fiat money. Tether supports multiple blockchains and on Ethereum USDT tokens are represented as ERC-20 tokens. ERC-20 tokens include a common set of rules that define how a token can be transferred, approved, and requested.

*Bullish supports only Ethereum’s ERC20 version of USDT.  If you send Bullish any USDT issued on another blockchain network, your USDT will be lost.

Information on this page includes third party content. Such content has not been verified or endorsed by Bullish. Bullish does not warrant that such content is complete, accurate, up-to-date or appropriate for your intended use and Bullish is not liable for any errors or delays in updating such content or ensuring its availability. Any reliance on or interaction with such content is solely at your own risk. Material provided on this page is for informational purposes only and does not constitute investment advice. This information is not and should not be interpreted as a recommendation to buy, sell, or hold a digital or fiat currency or to use a particular investment strategy. You should conduct due diligence before deciding whether to transact in any digital asset or fiat currency. Any prices displayed are for illustrative purposes only. Not all digital assets may be available in all jurisdictions or to all types of customers. Please see the Risk Warnings for important additional information.

The Bullish Group and related parties engage in a range of businesses that may involve: trading their own assets on the Bullish exchange or elsewhere; holding or owning digital currencies or fiat currencies or derivatives contracts traded on or off of the Bullish exchange; participating in or performing other services and transactions on the Bullish exchange or that relate to activity on the Bullish exchange; and/or receiving benefits for assets of the Bullish Group or others held on the Bullish exchange. The Bullish Group and related parties may also make investments in issuers of digital currencies that trade on the Bullish Exchange; companies that develop the protocols or technologies on which digital currencies traded on the Bullish exchange may rely; or companies that are active in ecosystems that may benefit from the trading of particular digital currencies on the Bullish exchange. The Bullish exchange has policies in place to manage conflicts of interest.

Trade crypto’s biggest assets on Bullish.

Other digital assets