Buy & Swap Tether USD (Ethereum) (USDT)

$1.00+0.02% (24h)ETH network

Tether USD (Ethereum) (USDT) can be swapped instantly on SwapRocket — no account, no KYC and zero added fees. Compare live USDT rates from every connected provider and receive funds in your own wallet in minutes.

Swap USDT instantly — no KYC

USDT / USD — 24H chart

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Live market data · extended history unavailable for this asset

24h0.02%

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Tether USD (Ethereum) statistics

Market cap$138B

Fully diluted market cap—

24h volume$65B

Circulating supply138.00B USDT

Max supply∞

Total supply—

All-time high$1.07

Market dominance—

Rank—

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About Tether USD (Ethereum) (USDT)

Stablecoin

Tether (USDT) is the largest and most widely used US-dollar stablecoin, designed to stay pegged at $1 on the ETH network. It gives traders a stable, dollar-denominated asset without leaving the crypto ecosystem.

How does USDT stay pegged?

Each USDT is intended to be backed by reserves held by Tether, so it can be redeemed toward $1 of value. Because it moves on-chain in seconds and is accepted nearly everywhere, USDT is the default quote currency for most crypto pairs.

What is USDT used for?

Traders use USDT to lock in dollar value during volatility, settle trades, and transfer funds across exchanges and borders cheaply. It's one of the most common assets people swap into and out of on any platform.

How to buy or swap USDT on SwapRocket

Pick USDT as the asset you want to receive.
Choose which crypto you're paying with.
SwapRocket compares every connected exchange and surfaces the best rate.
Paste your wallet address and confirm — funds arrive in minutes.

Tether USD (Ethereum) (USDT) swap profile

This profile explains how Tether USD (Ethereum) swaps work on SwapRocket: the network USDT settles on, what an exchange costs, how long it usually takes, and which pairs are published. Rates are aggregated live from every connected provider and shown in full before you commit to anything.

USDT key facts

Ticker: USDT
Settlement network: ETH
Category: Stablecoin
Custody: Non-custodial — coins move from the provider straight to your wallet
Cost to you: Zero added fees; you see the provider rate
Verification: No KYC for crypto-to-crypto swaps
Typical completion: Most swaps finish in under 10 minutes
Rate options: Best rate, fastest route or fixed rate
Published pairs: 8 published USDT pairs

How a USDT swap works

Enter the amount you want to exchange, pick the asset on the other side, and SwapRocket queries every connected exchange partner at once. You choose an offer, paste the wallet address that should receive the funds, and send USDT to the deposit address shown. The partner executes the trade and pays out to your address — SwapRocket never holds your coins, and there is no account to create before you start.

Choosing a rate for USDT

Three offers are presented for every USDT exchange. The best rate returns the largest amount for the size you entered. The fastest route favours the partner with the shortest expected settlement time, which matters when the market is moving. The fixed rate locks the quoted amount for the duration of the order, so what you are shown is what arrives, at the cost of a slightly smaller payout. Floating offers can move with the market between deposit and settlement.

Networks and addresses for USDT

Tether USD (Ethereum) settles on ETH. Always send from and to an address on that network: a deposit sent over a different chain cannot be recovered by the exchange partner. When an asset exists on several chains, pick the matching network in the widget before copying the deposit address, and send a small test amount first if you are unsure.

Popular USDT pairs

Each pair below has its own page with a live quote, the current rate and the limits that apply to that route.

What is USDT? · Sourced guide · Updated 2026-09-22 · 10 sources cited

How can one dollar-denominated token travel across several blockchains without becoming the same network asset everywhere?

USDT is designed to give blockchain users a unit denominated in US dollars while letting them transfer that unit through public networks. Its distinctive feature is not a new consensus algorithm. Tether issues tokens using the accounting standards of several existing chains, and each chain supplies its own addresses, fees, confirmation rules and application ecosystem. That makes USDT useful as a common trading unit, but it also makes network selection an essential part of every deposit, withdrawal and swap.

A token is an entry in a particular ledger

A USDT balance is recorded by the network on which that version was issued. On Ethereum, USDT is managed by an ERC-20 contract and moved through Ethereum transactions. On Tron it uses the TRC-20 token interface. On Solana it is represented as a token mint whose balances are held in token accounts. The shared name and dollar denomination do not merge those ledgers into one database.

This explains a detail that can otherwise feel arbitrary: a service asks for both an asset and a network. Sending ERC-20 USDT to a deposit that only supports TRC-20 USDT is not a slower version of the same route. It is a transaction on a different ledger, with a different address system and a different receiving integration. The token's portability comes from separate official issuances and services that support them, not from automatic movement between chains.^{[1], [2], [3], [4]}

Issuance and redemption connect two kinds of accounting

The token system connects conventional account balances with blockchain balances. Under Tether's published terms, verified customers can acquire tokens through an issuance process and may redeem supported tokens subject to the platform's procedures, minimums and fees. Issuance adds tokens to a supported blockchain; redemption removes the corresponding tokens from circulation through the issuer's process.

Most people encounter USDT through an exchange or swap rather than directly through the issuer. In that setting, a venue transfers tokens it already holds or sources liquidity from another participant. The user's exchange rate can therefore reflect market liquidity, route fees and demand even though the unit is denominated in dollars. A token's target denomination and the price available for an immediate swap are related ideas, not identical guarantees about every venue or moment.^{[5], [6], [7]}

The host network supplies the transaction machinery

USDT does not have one universal gas asset. Ethereum transactions require ETH for network execution. Tron transactions use that network's bandwidth and energy model, with TRX covering resource costs when needed. Solana token transfers require SOL for transaction fees and use Solana token accounts. Finality and confirmation timing likewise follow the selected host chain rather than a separate Tether blockchain.

The same division of responsibility applies to wallets and applications. An Ethereum wallet interacts with the ERC-20 contract address; a Tron wallet recognises the TRC-20 contract; a Solana wallet tracks the relevant mint and associated token account. Interfaces may display each balance simply as USDT, so the network label is often the only visible clue that the underlying transfer instructions differ.^{[8], [9], [10]}

A common quote unit for fragmented markets

Crypto markets contain assets with different native units and networks. A dollar-denominated token gives traders and applications a familiar quote unit without requiring every trade to pass through a bank transfer. A market can quote BTC in USDT, a treasury can hold a blockchain balance with a dollar denomination, and a settlement system can transfer that balance outside banking hours, subject to the chosen network's availability.

Multi-network issuance extends that role to ecosystems with different performance and application characteristics. Ethereum offers broad smart-contract composability; Tron is widely integrated for token transfers; Solana provides its own high-throughput token environment. Bridges and exchanges may help users move economic value between these versions, but those are explicit conversion or custody steps rather than a property of the token contract itself.^{[1], [2], [3], [4]}

The useful trade-off to understand

USDT combines a familiar denomination with public-chain transferability by dividing responsibilities. Tether manages issuance and redemption under its terms, while independent networks order and confirm token transfers. That is simpler for users who want a dollar unit on-chain, but it is not the same architecture as a native cryptocurrency whose supply and settlement are governed entirely by one public consensus protocol.

Supporting several networks improves reach and lets users choose among fee and speed characteristics. It also creates operational complexity: contract addresses, memo requirements, fee assets and deposit support must all match. The practical discipline is to treat each network version as a distinct route even when a wallet shows the same USDT ticker and denomination.^{[5], [1]}

What this means when you swap USDT

Choose the network before copying an address. Confirm that the sending wallet and receiving service both name the same route—for example, Ethereum ERC-20, Tron TRC-20 or Solana—and use the required memo or tag if one is shown. A matching ticker alone is not enough.

Keep the host network's fee model in mind. Some wallets require a small balance of ETH, TRX or SOL to send their USDT version. Swap quotes can also differ by network because liquidity, withdrawal costs and confirmation policies differ. The safest route is the exact network printed on the quote and deposit instructions, with a small test transfer when the value justifies it.

Sources and evidence (10)

[1] Tether publishes the blockchains and transport protocols on which it supports USD₮ issuance. Tether — supported protocols · verified 2026-09-22 Confirmed
[2] ERC-20 defines the common Ethereum token interface used for transfers, balances and approvals. EIP-20 — Token Standard · 2015-11-19 · verified 2026-09-22 Confirmed
[3] TRC-20 defines a fungible-token interface compatible with the token model used by Tron smart contracts. Tron developer documentation — TRC-20 · verified 2026-09-22 Confirmed
[4] Solana tokens are identified by mint accounts and balances are held in token accounts. Solana documentation — tokens · verified 2026-09-22 Confirmed
[5] Tether's published terms define token issuance and redemption as services available to eligible verified customers under stated conditions. Tether — terms of service · verified 2026-09-22 Confirmed
[6] Tether publishes minimum acquisition and redemption amounts and associated fee schedules for direct customers. Tether — fees · verified 2026-09-22 Confirmed
[7] Tether publishes current token totals broken down across supported networks. Tether — transparency · verified 2026-09-22 Confirmed
[8] Ethereum users pay gas for network computation and transactions in ETH. Ethereum.org — gas and fees · verified 2026-09-22 Confirmed
[9] Tron transactions consume bandwidth and smart-contract execution can consume energy, with TRX burned when resources are insufficient. Tron developer documentation — resource model · verified 2026-09-22 Confirmed
[10] Solana token transfers use the Token Program and require network transaction fees paid through Solana accounts. Solana documentation — token basics · verified 2026-09-22 Confirmed

Profile last reviewed 2026-09-22. Historical background only — not investment advice.

Fees and pricing

Zero added fees: SwapRocket does not add a platform fee, a minimum or a withdrawal charge — the rate you see is the rate you get. Blockchain network fees are shown in full before you confirm, and the final amount you receive is quoted up front.

SwapRocket does not add a separate fee or markup to the provider quote. SwapRocket may earn a commission from the liquidity provider when a completed swap is referred through our platform. Provider spreads and applicable network costs are reflected in the quoted amount.

Network fees are set by the blockchain, not by SwapRocket. No account, no subscription and no withdrawal charge. Live support is available 24/7.

USDT swap FAQ

How do I swap Tether USD (Ethereum) (USDT) instantly on SwapRocket?

Pick USDT as the asset you want to receive, choose what you're paying with, paste your wallet address, and confirm. SwapRocket hands your order to the provider whose quote pays out the most at that moment, and most swaps complete in under 10 minutes — no SwapRocket account needed.

Can I swap USDT with no KYC?

No SwapRocket account or identity documents are needed to start a crypto-to-crypto swap of USDT. The provider that executes the swap may still request identity verification or hold a swap for review under its own AML and sanctions policy, regardless of amount. Selling to a bank account goes through a regulated payment partner that verifies the payer; card purchases on SwapRocket are coming soon.

Is swapping Tether USD (Ethereum) on SwapRocket non-custodial?

Yes. SwapRocket never holds your funds. The provider that executes the swap receives your deposit, holds it only for the duration of the swap, and sends USDT to the wallet address you provide.

Which network does USDT use here?

SwapRocket supports Tether USD (Ethereum) on the ETH network. Always double-check that your receiving wallet supports this network before confirming.

What fees apply when I swap USDT?

SwapRocket adds no fee or markup to the provider's quote and may earn a commission from the provider on a completed swap. The provider's spread and any network cost it deducts on delivery are already reflected in the USDT amount shown; the network fee your own wallet charges to send the deposit is separate. Spreads vary by provider, pair and size, so compare the quoted receive amount.

More on fees, limits, KYC and timing: read the full crypto swap FAQ.