Tether (USDT) is a fully collateralised US Dollar stablecoin powered by open-source blockchain protocols. USDT is backed 1-to-1 with the US Dollar.
USDT is issued by Tether Limited, a company owned by iFinex. iFinex is a company registered in Hong Kong that also owns the cryptocurrency exchange BitFinex.
You can transfer USDT in and out of the StraitsX platform through ERC-20 and TRC-20, with more supported blockchain options coming to our platform soon.