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) only; a TRC-20 balance has to be moved to Ethereum first, which the sender does on their own side before transferring.

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) only; Tron, 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

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?

Only after moving it to Ethereum (ERC-20) with the wallet or venue that holds it. XEROF cannot credit a TRC-20 transfer.

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.