Tether USD (Polygon zkEVM)

• Polygon zkEVM

• Asset Type: ERC-20

USDT is a large-cap asset with questionable collateral reserves. This asset depends on a centralized entity for custody services. This asset is exposed to the underlying risks of Polygon zkEVM bridge, a protocol rated as Good.

USDT is a stablecoin that consistently trades within 10bps of its peg to USD, which makes it a great store of value.

Tether USD (Polygon zkEVM) has no dependencies.

USDT does not have a supply schedule. USDT on Polygon zkEVM is backed 1:1 by USDT locked in the Polygon zkEVM bridge protocol on Ethereum. USDT is fully redeemable for its USD reserves, providing an effective mechanism to retain the peg to $1.