Thether

• Sui

• Asset Type: sui

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 Portal (Wormhole) bridge, a protocol rated as Watch out.

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

Portal Bridge

USDT does not have a supply schedule. USDT on Ethereum is backed 1:1 by USD reserves held with a licensed custodian (Tether). USDT is fully redeemable for its USD reserves, providing an effective mechanism to retain the peg to $1.