We are now offering our first stablecoin as a new asset class. Tether (USDT) is the most popular stablecoin in terms of volume, and Bitpanda users can now buy, sell, deposit, send and swap it.
Unlike cryptocurrencies, whose price fluctuates, a stablecoin such as Tether (USDT) tries to hold its value around a specific asset. In this case, the value of 1 USDT is supposed to stay at around 1 US dollar.
What can I do with Tether on Bitpanda?
You can buy, sell, deposit, send and swap Tether on Bitpanda.
Buy and sell
You can also deposit Tether from other exchanges on to your Bitpanda account.
You can also send your Tether from Bitpanda to external services.
Once you are holding Tether on your Bitpanda account, you can quickly and easily swap it with Bitcoin, Litecoin, Ethereum and any other cryptocurrency and digital asset available on Bitpanda.
Tip: By using Bitpanda Swap you pay fewer premiums than if you do the trades individually. Learn more about the benefits of Bitpanda Swap.
ERC20 or Omni?
On Bitpanda, we use the ERC20 integration of Tether, which means that you can only send and deposit ERC20-based Tether (USDT).
- If you try to send Tether from your Bitpanda wallet to an external Omni-based Tether wallet you will receive an error message and no Tether will leave your Bitpanda wallet
- If you have sent Omni-based Tether to our ERC20-based Tether wallet, please contact the exchange or wallet provider you have sent from
Keep in mind that Tether (USDT) and the US dollar (USD) are two different things. In your portfolio, you can find your Tether (USDT) under Cryptocurrencies, and your USD under Currencies.