Is Tether Ethereum?

[adamcro]

I've been researching Ethereum and Tether. Tether is token on Ethereum blockchain. But I cannot find any transaction with Tether on Ethereum explorer.
Can someone please clear things up for me?

[hosseinimr93]

First of all, note that tether is not ethereum. Tether (or USDT) is a token that has been issued on many blockchains.
One of the blockchains in which you can make a USDT transaction is ethereum.

All USDT transactions that are made on ethereum blockchain can be seen on any ethereum explorer.
https://etherscan.io/token/0xdac17f958d2ee523a2206206994597c13d831ec7

[asriloni]

Why don't you just get the smartcontract from here https://coinmarketcap.com/currencies/tether/markets/ then pasted it to the etherscan? I guess if you can see the activities in ethereum blockchain. it may take a few minutes or even second to just copy paste the smartcontract code and then try to search it on etherscan. You may miss something that makes you are not able seeing it on ethereum blockchain.

[blockman]

Tether is token on Ethereum blockchain.

Right but it's not only found in the ethereum blockchain but also in other networks that supports it.

But I cannot find any transaction with Tether on Ethereum explorer.
Can someone please clear things up for me?

As you look at it on a website like etherscan. It's very visible there. Like if you have an ethereum address and you have USDT there, just input your Eth address on etherscan and you'll see that you've been holding it on that address.
Press on the "Token:" drop-down menu as it's found there.

[adamcro]

First of all, note that tether is not ethereum. Tether (or USDT) is a token that has been issued on many blockchains.
One of the blockchains in which you can make a USDT transaction is ethereum.

All USDT transactions that are made on ethereum blockchain can be seen on any ethereum explorer.
https://etherscan.io/token/0xdac17f958d2ee523a2206206994597c13d831ec7

On ,any blockchains? Like what?

[vv181]

On ,any blockchains? Like what?

Visit https://coinmarketcap.com/currencies/tether/markets/ and then find "Contracts" On the "More" dropdown button, you can see which blockchains are supported, as of now it includes in 23 cryptocurrencies.

To see the full picture of what Tether actually is, you can refer to their FAQs page: https://tether.to/en/faqs and [UPDATED]PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets also worth to take a look.

[7deadlyBTCIN]

I've been researching Ethereum and Tether. Tether is token on Ethereum blockchain. But I cannot find any transaction with Tether on Ethereum explorer.
Can someone please clear things up for me?

Tether is just a stable coin that's running on Ethereum smart contract just like other tokens, Tether is the biggest centralised stable coin in crypto space today and it's also available on BSC chain, polygon Matic, Tron TRC20 and many others.

If you want to track tether (usdt) on ETH explorer make sure you have usdt on ETH chain and use etherscan

https://etherscan.io/

If you have usdt on BSC chain make sure you use bscscan explorer for tracking

https://bscscan.com/

[adamcro]

So if person A has USDT on Ethereum and person B on Tron, basically those are 2 different tokens a d person A cannot send Tether to person B?

[crzy]

I've been researching Ethereum and Tether. Tether is token on Ethereum blockchain. But I cannot find any transaction with Tether on Ethereum explorer.
Can someone please clear things up for me?

Tether is not Ethereum itself, they are just using the technology of ETH same with the other projects. You can see your transactions once you made one or monitor your trade history and go to etherscan to see your transactions. Don’t be confuse about this one, and of course there’s a lot of alternatives now for a cheaper way to transact, not just with ETH network.

[vv181]

So if person A has USDT on Ethereum and person B on Tron, basically those are 2 different tokens a d person A cannot send Tether to person B?

Yep, correct. Since both blockchains are isolated on its own network, inter-transaction of USDT are not possible.

Another scenario is A send USDT on BEP20 chain to B, but B is expecting to receive it on the ERC20 chain. Due to the nature of the underlying technicalities, the transaction will be accepted but the transaction is only happened on the BEP20 chain, not on ERC20, thus B did not receive the token.

[adamcro]

So if person A has USDT on Ethereum and person B on Tron, basically those are 2 different tokens a d person A cannot send Tether to person B?

Yep, correct. Since both blockchains are isolated on its own network, inter-transaction of USDT are not possible.

Another scenario is A send USDT on BEP20 chain to B, but B is expecting to receive it on the ERC20 chain. Due to the nature of the underlying technicalities, the transaction will be accepted but the transaction is only happened on the BEP20 chain, not on ERC20, thus B did not receive the token.

Ufff wow, didn't expect it would be so complicated

[bitkanu]

So if person A has USDT on Ethereum and person B on Tron, basically those are 2 different tokens a d person A cannot send Tether to person B?

Ethereum and TRON are different blockchain.

Tron used the different sha than Ethereum. That's why you need to send your ethereum USDT to the exchange site that support USDT TRON and then you can convert your USDT ethereum to the USDT tron easily. This is the best way to send person B USDT tron. This is not so complicated but what you need to register on the exchange site like binance to be able to do that.

Exchange site is supporting all of USDT assets like ethereum, TRON or even BSC.

[PX-Z]

So if person A has USDT on Ethereum and person B on Tron, basically those are 2 different tokens a d person A cannot send Tether to person B?

Yep, correct. Since both blockchains are isolated on its own network, inter-transaction of USDT are not possible.

Another scenario is A send USDT on BEP20 chain to B, but B is expecting to receive it on the ERC20 chain. Due to the nature of the underlying technicalities, the transaction will be accepted but the transaction is only happened on the BEP20 chain, not on ERC20, thus B did not receive the token.

Ufff wow, didn't expect it would be so complicated

Yes, it is. If you don't know how exactly sending crypto work is, you will end up lossing them upon sending, depositing or withdrawing on exchanges or wallets, though it might have some solution to recover it, but its too technical.

[senyorito123]

I've been researching Ethereum and Tether. Tether is token on Ethereum blockchain. But I cannot find any transaction with Tether on Ethereum explorer.
Can someone please clear things up for me?

Tether can be used on different chain network like tronlink, binance chain, polygon or other platform as long as it will be available. Same with usdt token everything can went out successful if they've listed this asset. You can check at binance chain explorer there's a lot of history.

[24Kt]

So if person A has USDT on Ethereum and person B on Tron, basically those are 2 different tokens a d person A cannot send Tether to person B?

Yep, correct. Since both blockchains are isolated on its own network, inter-transaction of USDT are not possible.

Another scenario is A send USDT on BEP20 chain to B, but B is expecting to receive it on the ERC20 chain. Due to the nature of the underlying technicalities, the transaction will be accepted but the transaction is only happened on the BEP20 chain, not on ERC20, thus B did not receive the token.

Ufff wow, didn't expect it would be so complicated

Yes, it is. If you don't know how exactly sending crypto work is, you will end up lossing them upon sending, depositing or withdrawing on exchanges or wallets, though it might have some solution to recover it, but its too technical.

Later on, the OP will realized that it is not very complicated because USDT is a stablecoin which is present in a lot of blockchains now. And if you want to transact with USDT, make sure you are in the right network. Otherwise, your funds are considered lost.

If you will read this article - https://www.coindesk.com/markets/2020/03/20/tether-stablecoin-launches-on-its-seventh-blockchain/, this article is almost 2 years old already. And at that time, USDT was already present in about 7 chains already - Algorand, EOS, Ethereum, Liquid Network, Omni, Tron and BCH. And I guess, today, there is SOL, MATIC in addition to that and other new networks. If you happen to check the exchanges, it will show you what network you want to use.

Just to give examples on what chains are crypto-exchanges are accepting for USDT.

Binance - https://www.binance.com/en/my/wallet/account/main/deposit/crypto/USDT


MEXC - https://www.mexc.com/assets/deposit?currency=USDT

[poodle63]

yes it's true that tether is running in smart contract platform like ETH and many others, if you want seeing the tether transactions I think you could check it up in their smart contract address and see the list of transactions being made there,
according to my knowledge tether is always trying expanding their product in various smart contract platform, I think we also gonna be seeing tether being released in more and more smart contract platform that’s soon gonna be just as famous as ethereum and there are quite many of them that currently have quite the growth. There are some kinds of tether that built in the various blockchain and this can't be sent from one to the each other

[Scripture]

I've been researching Ethereum and Tether. Tether is token on Ethereum blockchain. But I cannot find any transaction with Tether on Ethereum explorer.
Can someone please clear things up for me?

You can't research that because its not, Tether is different from Ethereum though Tether uses the network of ETH just because they are good during that time but as you can see, Tether already adopt other networks just to be more effective since many wants a faster and cheaper network. Tether is doing its own name in this market, they are pretty stable and prefer by many to pair Bitcoin and other altcoins.

[masterrex]

I've been researching Ethereum and Tether. Tether is token on Ethereum blockchain. But I cannot find any transaction with Tether on Ethereum explorer.
Can someone please clear things up for me?

I think you are missing some points here, the best way to find USDT transactions in the Ethereum network is via the USDT Tether smart contract on Etherscan, CMC, etc Let us notice that USDT is not only used Ethereum Blockchain because it was used in many different blockchains as well, and Ethereum is only one of them, aside from Ethereum it was also used in OMNI, TRON, BSC, and many others.

[adamcro]

Thank you all. It's much more clear now. I was thinking about accepting Tether as a payment currency. But that would make it more complicated for ke since in that case I would need to have wallets on all different blockchains. Also sender needs to know to which wallet to send the coins

[Woodie]

First thing first, tether and ethereum are two completely different things... Tether is a token built on the ethereum blockchain and other blockchains like tron and many others, while ethereum is a blockchain and token if you like. So in simpler terms, terther is a token while ethereum is the coin itself.

Btw since you where trying to find tether on the blockchain, use a terther based explorer as others will just give a transaction id for such a transaction.