Question 1

What is Tether (Avalanche Bridge) (USDT.e)?

Accepted Answer

Tether (Avalanche Bridge) (USDT.e) is a version of the Tether (USDT) stablecoin that has been bridged from the Ethereum blockchain to the Avalanche blockchain. Tether is a widely used stablecoin that is pegged to the value of the US dollar, maintaining a 1:1 ratio. The "e" in USDT.e indicates that this token was originally an ERC-20 token on Ethereum and was transferred to the Avalanche network via the Avalanche Bridge.

Question 2

What is Tether (Avalanche Bridge) (USDT.e) used for?

Accepted Answer

USDT.e is used within the Avalanche blockchain ecosystem for a variety of purposes. As a stablecoin, it serves as a reliable medium of exchange, a store of value, and a unit of account in decentralized finance (DeFi) activities. It is commonly used for trading, providing liquidity in DeFi protocols, staking, and making payments within the Avalanche network, offering users the stability of the US dollar while operating on the Avalanche blockchain. This is particularly advantageous for users who wish to take advantage of Avalanche's lower transaction fees and faster processing times compared to Ethereum.

Question 3

Who created Tether (Avalanche Bridge) (USDT.e)?

Accepted Answer

The bridging of USDT to the Avalanche network, resulting in USDT.e, was enabled by the Avalanche Bridge, developed by Ava Labs. This bridge utilizes Intel SGX technology to ensure secure and efficient asset transfer, managed by a consortium of trusted partners known as Wardens. These Wardens uphold the integrity and security of cross-chain transfers, ensuring the reliability of USDT.e within the Avalanche ecosystem.


USDT.e	ERC20	AVAX	0xc7198437980c041c805a1edcba50c1ce5db95118	2021-07-23
USDTEV1	ERC20	AVAX	0xde3A24028580884448a5397872046a019649b084	2021-01-29