USDT basics
USDT is not physical USD and is not a bank deposit. It is a blockchain token designed to reference dollar value, but customers still face transfer, issuer, network and operational risk.
Users often use USDT because the amount is easier to compare with USD than volatile assets.
ERC20 and TRC20
ERC20 USDT moves on Ethereum-compatible rails. TRC20 USDT moves on Tron-compatible rails. The same customer may have different wallet addresses for different networks.
A QR code or address must be used only for its intended network.
- Check whether the trade asks for ERC20 or TRC20.
- Do not assume all USDT addresses are interchangeable.
- Keep the transaction hash after sending.
Common mistakes
The biggest USDT mistakes are sending to the wrong network, using an unsupported wallet address, sending the wrong amount or leaving before the transaction hash is available.
If a transfer reaches the wrong network or wrong address, recovery may be impossible.
Using USDT in P2P trades
For buy trades, the customer enters the wallet where USDT should be received. For sell trades, the customer sends USDT to the escrow address shown in the flow and keeps proof for the trade room.
ExchangerPoint supports USDT in the current P2P flow, subject to quote, OTP, proof and compliance review.