Tether's Stablecoins

Tether offers five stablecoins that are pegged to various fiat currencies and commodities: USDT (US Dollar), EURT (Euro), CNHT (Chinese Yuan), MXNT (Mexican Peso), and XAUT (Gold). According to Tether's FAQ, all Tether stablecoins are pegged 1:1 to their respective fiat currencies (for example, 1 USDT = 1 US Dollar) and are fully backed by Tether's reserves. Below is an introduction and comparison of each:

USDT (Tether US Dollar)

USDT is Tether’s flagship stablecoin, launched in 2014, pegged 1:1 to the US Dollar. It was created to provide a stable digital currency that combines the benefits of blockchain technology with the stability of the US dollar. USDT is widely used for trading and as a hedge against cryptocurrency market volatility. This stablecoin exists across multiple blockchains, including Ethereum (ERC-20), Tron (TRC-20), Solana, and others.

EURT (Tether Euro)

EURT is a Tether stablecoin pegged to the Euro, serving as a digital alternative to the traditional European currency. It allows users to conduct transactions on blockchain platforms and offers a straightforward solution for cross-border payments and trade within the Eurozone. Primarily operating as an ERC-20 token on the Ethereum blockchain, EURT is compatible with numerous decentralized applications and exchanges.

CNHT (Tether Chinese Yuan Offshore)

CNHT is a Tether stablecoin linked to the offshore Chinese Yuan (CNH). It facilitates cross-border transactions involving the Chinese Yuan and is especially useful for businesses and individuals engaging in trade with China. Available as an ERC-20 token on the Ethereum blockchain, CNHT can be integrated into existing blockchain infrastructure, providing liquidity and access to the Chinese currency within the global financial system.

MXNT (Tether Mexican Peso)

MXNT is pegged 1:1 to the Mexican Peso. Launched in 2022, it aims to meet the growing demand for digital assets across Latin America. Operating on multiple blockchains including Ethereum, Tron, and Polygon, MXNT enables transactions, trading, and decentralized finance (DeFi) activities denominated in pesos within the crypto ecosystem.

XAUT (Tether Gold)

Tether Gold (XAUT) is a stablecoin backed by physical gold. Each token represents ownership of one troy ounce (99.99% purity) of gold stored in a secure vault, compliant with LBMA Good Delivery standards. Built as an ERC-20 token on the Ethereum blockchain, Tether Gold provides a digital means to invest in and transfer ownership of physical gold, making it accessible to a broad audience.