USDT (Tether)

USDT (Tether) is the largest dollar-pegged stablecoin, issued by Tether Limited. It's the dominant trading pair on most non-U.S. exchanges and serves as primary dollar liquidity in much of the crypto market.

USDT has faced transparency concerns about its reserves backing — historical questions about whether each USDT is fully backed 1:1 by dollar-equivalent assets. Tether has improved disclosures over time but USDC (Circle) remains the preferred stablecoin for U.S.-regulated institutions due to its bank-attested reserves and U.S. regulatory framework.

Why it matters for Milo customers

Milo accepts USDC, not USDT. The difference reflects U.S. regulatory standards: USDC's bank-held reserves and regular attestations meet the bar institutional lenders need. Borrowers with USDT positions typically swap to USDC or USD before transacting with Milo.

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