Coin Wallet offers unparalleled accessibility with support across multiple platforms. Whether you prefer using your wallet on iOS, Android, macOS, Windows, Linux, or directly through a web browser, Coin Wallet ensures that your USDT and other digital assets are always within reach. Sync your wallets across devices for a seamless experience, giving you full control over your crypto, anytime and anywhere. Coin Wallet is more than just a Tether USD wallet; it’s a comprehensive solution for securely managing your digital assets across multiple platforms. Here’s why Coin Wallet is the best choice for your USDT and other cryptocurrencies.
Most traditional cryptocurrencies like Ethereum and Litecoin (LTC) will see extreme fluctuations and volatility with the market, inflation and interest rates. The world of crypto now contains many coins and tokens that we feel unable to verify. In those situations, our Dexscan product lists them automatically by taking on-chain data for newly created smart contracts. We do not cover every chain, but at the time of writing we track the top 70 crypto chains, which means that we list more than 97% of all tokens. USDT is widely used by traders and investors to hedge against the volatility of the crypto market while still participating in it.
We calculate the total cryptocurrency market capitalization as the sum of all cryptocurrencies listed on the site. It uses the ERC-20 standard, which is compatible with a wide range of Ethereum-based platforms, decentralized applications, and wallets. While transaction fees are generally higher than on TRON, ERC-20 USDT provides access to Ethereum’s robust ecosystem and security features. At Coin Wallet, we believe that your financial privacy is a fundamental right.
When you send USDT, the transaction is broadcast to the blockchain network, where it is verified by participants. The transaction details, such as the amount and wallet address, are checked. Once validated, the transaction is added to the blockchain, and the specified amount of USDT is transferred from the sender’s wallet to the recipient’s. This update is then distributed across all copies of the blockchain, ensuring an accurate and synchronized record for all participants.
USDT TRC20 refers to the version of Tether that operates on the Tron blockchain. This version is known for its fast transaction speeds and low fees compared to other blockchain networks. USDT TRC20 is often favored for cross-border payments and crypto transfers because of these benefits. USDT operates on multiple blockchains, including Ethereum, Tron, Solana, Polygon and others, which allows for efficient cross-chain transactions and broad accessibility. In 2023, Tether expanded into artificial intelligence by acquiring Northern Data Group. It appointed a new CEO—Paolo Ardoino, its former chief technology officer and a staunch cryptocurrency and blockchain financial solutions advocate.
This means USDT is a stablecoin, fluctuating in value with the U.S. dollar and backed by Tether’s dollar reserves. USDT is issued by Tether, a company owned by iFinex, the Hong Kong-registered company that also owns the crypto exchange BitFinex. Each of our coin data pages has a graph that shows both the current and historic price information for the coin or token. Normally, the graph starts at the launch of the asset, but it is possible to select specific to and from dates to customize the chart to your own needs.
This setup enables users to exchange USDT for actual dollars at any time, backed by real reserves. USDT is a popular choice for liquidity and trading in decentralized finance (DeFi) applications. In practical terms, stablecoins have made it easier to speculate in cryptocurrency markets. Their rapid growth in popularity is also the result of stablecoins’ use as collateral by decentralized finance (deFi) lending and staking protocols. They can be used as art, a way to share QR codes, ticketing and many more things. The first breakout use was for art, with projects like CryptoPunks and Bored Ape Yacht Club gaining large followings.
The regulatory landscape for Tether has been riddled with challenges. The Commodity Futures Trading Commission (CFTC) fined Tether $41 million for underreporting reserves between 2016 and 2018, showing Tether’s issues with financial disclosure. Tether has been accused of facilitating transactions with entities that are under international sanctions. Reports indicate that Tether processed transactions through exchanges like Garantex and BitPapa, which have been linked to aiding Russia’s war efforts and were sanctioned by the U.S. This lack of transparency mirrors the issues seen in the collapse of other crypto firms like FTX, where inadequate oversight contributed to significant financial losses for consumers. Tether may be the biggest and most widely used stablecoins, but it’s definitely not the only one.
