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USDT Guides: What It Is, Networks and P2P Prices
Plain explanations of USDT and the P2P prices on this site, checked against Tether's and the exchanges' own pages. Each guide shows the date it was last checked.
Basics
BasicsWhat Is USDT (Tether) and How Does It Stay at $1?Who issues USDT, what Tether says about the 1:1 peg and its reserves, which blockchains carry it, and why local prices differ.Updated 2026-10-31BasicsUSDT vs USDC: Issuers, Reserves and Networks ComparedIssuer, reserves, reporting, redemption and networks of USDT and USDC side by side, and what Circle leaving TRON means before you send or accept USDC over TRC20.Updated 2026-10-31BasicsUSDT to USD: Why 1 USDT Is Not Always Exactly $1What the USDT/USD price measures, who can redeem USDT at par and what it costs, and how the OKX USDT/USD index feeds this site's spot reference.Updated 2026-10-31BasicsUSDT P2P Premium: Why Local Prices Differ From FX RatesOur three rates, how the premium is calculated, a dated snapshot across 11 currencies, and each country's official crypto rules as background.Updated 2026-10-31