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 does not accept USDT or any other stablecoin. Borrowers with USDT positions convert to USD before transacting with Milo.

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