USDT to USD: sell USDT for US dollars at size

US and international companies holding stablecoin treasuries, funds and family offices settling to dollar accounts, and payers using the United States corridor to pay suppliers in USD.

Settlement currency

USD, the US dollar, the unit both USDT and USDC are pegged to

Central bank

Federal Reserve

Rails

Fedwire, RTP, ACH and SWIFT

Per-payment ceiling

RTP USD 5,000,000; ACH USD 1,000,000; Fedwire and SWIFT unlimited

Timing

Same day on Fedwire and RTP in US banking hours; next business day on ACH

Third-party payouts

Yes, to US and non-US dollar accounts

USDT is the most widely held dollar stablecoin and the one most often received from counterparties and venues. XEROF accepts it on Ethereum (ERC-20) and on Tron (TRC-20) for conversion to fiat paid to your own account; a payout to a third party is funded with USDT on Ethereum (ERC-20) only.

USDT/USD is the reference pair for the whole stablecoin market: the indicative figure is the venue's mid between bids and offers for Tether against dollars, and the spread narrows to a few basis points in US and Asian hours. Corporate holders usually settle here when the dollar is their reporting currency.

USDT: Issuer

Tether

USDT: First issued

2014, as the first dollar stablecoin; on Ethereum as an ERC-20 token since 2017

USDT: Network accepted by XEROF

Ethereum (ERC-20) and Tron (TRC-20) for conversion to fiat on your own account; third-party payouts are funded on Ethereum (ERC-20) only; Solana, Avalanche and other USDT networks are not credited

USDT: Reserve reporting

Attestations published by the issuer

USDT: Where it is used

The most traded stablecoin by volume, dominant on Asian and emerging-market venues and in OTC settlement

• Can you cash out USDT to USD? Yes. XEROF is a brokerage and settlement counterparty, not an exchange: there is no order book, and you execute the conversion online in XEROF Online.
• How to calculate USDT in USD: the USDT amount times the live USDT/USD rate, less the XEROF fee, which XEROF Online shows on its own line before you confirm.
• Rate: the live rate from tier 1 liquidity, passed through at cost. The fee follows the published brokerage tiers by monthly volume.
• Network: USDT is credited on Ethereum (ERC-20) or Tron (TRC-20) for conversion and withdrawal to your own account. A payout to a third party is funded with USDT or USDC on Ethereum (ERC-20) only.
• Settlement: dollars go over Fedwire, RTP, ACH or SWIFT to your own account, or to a dedicated IBAN in your company's own name.
• Paying someone else in USD: a third-party payout is funded with USDT or USDC on Ethereum (ERC-20), every beneficiary is screened, and it carries an additional 0.25%.
• Custody: one on-chain wallet per client, in the client's name, never pooled.
• Provider: FE Swiss Financial AG, Zug, a financial intermediary under the Swiss Anti-Money Laundering Act and member of VQF (No. 100954), a self-regulatory organisation recognised by FINMA. Not a bank.

Brokerage tiers · Dedicated IBAN · How to cash out crypto

Does a USD settlement have to go to a US bank?

No. Dollars can be paid over SWIFT to a USD account at a bank outside the United States, including the dedicated USD corridor to China. RTP and ACH are for US accounts.

I hold USDT on Tron. Can I still settle?

Yes. Deposit USDT on Tron (TRC-20), convert it to USD, EUR, GBP or CHF in XEROF Online, and withdraw the fiat to a bank account in your own name. To pay a third party, the payout is funded with USDT or USDC on Ethereum (ERC-20).

Can you cash out USDT to USD?

Yes. Send USDT on Ethereum (ERC-20) or Tron (TRC-20) to your XEROF wallet, convert it to USD in XEROF Online at the live rate, and the dollars are paid over Fedwire, RTP, ACH or SWIFT to your own bank account.

How do I sell USDT for USD online?

In XEROF Online: choose USDT to USD, check the live rate and the fee shown on its own line, and confirm. The confirmation shows the rate, the fee and the net amount in dollars.

How much is 1,000 USDT in USD?

1,000 times the live USDT/USD rate, less the XEROF fee. The indicative mid-market rate is shown at the top of this page; XEROF Online shows the live rate and the fee on its own line before you confirm.

Is the USDT/USD rate on this page the rate I will get?

No. It is the indicative mid-market rate from our liquidity venue, refreshed every 30 seconds. The rate you execute at is the live rate in XEROF Online at the moment you confirm, and the confirmation shows it with the fee.

Can the US dollars go to someone else's account?

Yes. A third-party payout carries an additional 0.25% for beneficiary screening. The corridor page sets out the limits, rails and documents.

Third-party payouts in USD: corridor page.