USDT
Reduce impacts of market volatility by converting tokens into Tether stablecoins.
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Reduce impacts of market volatility by converting tokens into Tether stablecoins.
Last updated
Was this helpful?
Auto Allocation - USDT
WETH sent into an Amasa account which has setup Swap to USDT in Auto Allocation, automatically enters a set of smart contracts and is swapped to USDT via decentralized exchange ( Uniswap ).
The percentage of WETH swapped to USDT will match the set percentage chosen by the user in their Auto Allocation.
As part of the same transaction executed by the smart contracts, the user wallet address which was connected to setup the Amasa account will be sent the USDT.
This asset is then held by, and under the control of the user, not the smart contracts or Amasa. When rebalancing a portfolio, a user can swap existing assets back to WETH from their dashboard and deposit into their updated Auto Allocation. This may be done if a user wants to change their approach from Stabilise to Amplify or vice versa.
Users can independently confirm and track all transactions on Arbiscan.
Risk Disclaimer
The DeFi space is not without risk. While we have done our best to select optimal investments, it is best to do your own research and only supply assets you can afford to lose. Read Risk Disclaimer
What is USDT?
Tether (USDT) is a digital stablecoin pegged to the United States dollar, issued by a private entity and backed 100% by Tether’s reserves. Stablecoins are commonly backed by reserve assets like dollars or euros to achieve price stability. Tether (USDT) is a fiat-collateralized stablecoin, meaning that USDT tokens are collateralized by fiat money like U.S. dollars. Other types of stablecoins include those that are collateralized by a cryptocurrency, an algorithm, or by a hybrid approach.
USDT was launched in 2014, and is primarily available as an Ethereum ERC-20 token. Fractions of USDT can be owned, in the same way U.S dollars fractionalize into pennies. You can purchase as little as 0.001—equal to one-tenth of a cent—of USDT.
USDT should not be confused with a central bank digital currency (CBDC). USDT is issued by a company in the private sector, while a CBDC would be issued by a government. As the first blockchain-enabled platform to facilitate the digital use of traditional currencies (a familiar, stable accounting unit), Tether has democratised cross-border transactions across the blockchain.
Tether claims to be a fully transparent company, and publishes a daily record of their current total assets and reserves.
