USDT and exchange

[OmegaStarScream]

This is for a friend of mine, I'd appreciate it any fast answer.

I want to know about Tether from someone who uses multiple exchanges. Tether is based on both Bitcoin's blockchain (omni token) and Ethereum's (ERC20). In exchanges, which one is more supported and used? (the deposit and withdrawal process) or is it possible to do both? (feel free to list exchanges).

[LeGaulois]

See the Top 50 most frequent senders and the Top 50 biggers senders



If you check the relationships with the addresses you will that, for example, Huobi transfer to another Huobi wallet using the omni token and the same to send to another exchange
https://blockspur.com/tether/relationships/highest_valued

A lot of traffic to omni explorer come from crypto exchange like Polo, Binance, Reminato, etc.
https://www.similarweb.com/fr/website/omniexplorer.info

And Tether is the most used on the Omni layer by far (89%)
https://blockspur.com/tether/omni

I don't know if ERC20 tokens can be used but if there is only one way it is with Omni

[OmegaStarScream]

thanks for answering so It's not possible to store this in Trezor? I've checked Omniwallet and I see they don't support for hardware wallet.

I realize that It's possible to store TETHER in any bitcoin address and then export the private keys and use them in a compatible tether wallet but I want to use it directly.

[TryNinja]

It’s still not possible without having to export your private-keys. But a post from March shows that they are working on it[1].

[1] https://blog.omni.foundation/2018/03/14/state-of-the-layer-all-hands-mar-13-2018/

[LeGaulois]

thanks for answering so It's not possible to store this in Trezor? I've checked Omniwallet and I see they don't support for hardware wallet.

I realize that It's possible to store TETHER in any bitcoin address and then export the private keys and use them in a compatible tether wallet but I want to use it directly.

Technically it could be possible but it isn't something advised if the person doesn't know fully what he is doing  (the process may not be easy for everyone) If he does, the USDT will be trapped in. It doesn't worth doing it.
And nope, no Omni wallet for Trezor, you're correct