How to Bridge Tether (USDT) Network?

In the world of cryptocurrencies, Tether (USDT) is considered one of the most widely used and valuable digital assets. However, to benefit from this asset on various networks, it is necessary to change the Tether infrastructure to different networks. Nevertheless, for using this asset on different networks such as Ethereum, Binance Smart Chain(BSC), and TRON, there is a need to bridge USDT Network.

In this article, we address questions such as “What is the process of converting ERC20 Tether to TRC20?” πŸ’± or “How can I convert ERC20 Tether to BEP20?” and also familiarize you with the methods of bridge Tether (USDT) Network and converting Ethereum Tether to Arbitrum or Polygon.

Why is Tether used on different networks?

Tether (USDT), as a stablecoin backed by the US dollar, has secured a significant position in the cryptocurrency market and maintained its rank as the third-largest in the market with widespread user acceptance. One important feature of Tether is its price stability, which instills greater confidence for its use in transactions and asset transfers.

Tether does not have its own blockchain and utilizes various blockchains, offering diverse versions of itself. For example, Ethereum-based Tether adheres to the ERC20 standard, and TRON network Tether is built on the TRC20 standard. Despite technical differences, the nature of Tether is consistent across all these networks, and it has a similar price.

The only difference lies in the fact that some networks may not be a preferable choice for using Tether due to issues such as network congestion, lower speed, and higher transaction fees. For this reason, users often prefer to transact Tether on networks with higher speed and lower fees.

Types of Tether Transfer Networks

The USDT token has been provided to users on several different networks to meet the diverse needs of users. Some of these networks are compatible with the Ethereum Virtual Machine (EVM) and have the ability to execute smart contracts. These diverse networks include:

  • Omni Tether (Omni)
  • EOS Tether (EOS)
  • Solana Tether (SOL)
  • Conflux Tether (Conflux)
  • Terra Tether (UST)
  • Klaytn Tether (KLAY)
  • Algorand Tether (ALGO)
  • Bitcoin Cash Tether (BCH)
  • Zilliqa Tether (ZIL)
  • TRON (TRC)
  • Binance Smart Chain (BSC)
  • Arbitrum (ARB)
  • Avalanche (AVAX)
  • Polygon (MATIC)
  • Cronos (CRO)
  • Phantom (FTM)
  • Optimism (OP)
  • Huobi Eco Chain (HECO)

Initially, Tether was built on the Omni Layer, a Bitcoin-based protocol, but due to its low transaction speed, it did not gain enough attention. Currently, Tether on TRON (TRC20 standard) and Tether on Binance (BEP20 standard) are more widely used due to their high transaction speed and low fees.

πŸš€To understand the differences between cryptocurrency networks, read the article ‘Differences Between BEP2, BEP20, ERC20, and TRC20 Networks.’ This article will help you become familiar with the differences and features of these networks.” πŸ“šπŸ”—

How to bridge Tether in EVM-Compatible Networks?

One of the methods for converting Tether involves using blockchain bridges. Bridges are designed as software applications capable of transferring tokens from one network to another, facilitating decentralized financial (DeFi) operations in the Web 3 world by creating interactions between blockchains.

To convert Tether in EVM-compatible networks, you can utilize the following reputable bridges:

Jumper Exchange

Jumper Exchange‘s bridge allows the conversion of Tether from various networks to Tether in the desired network. Networks supported include Avalanche, Ethereum, Binance Smart Chain, Optimism, and several others.

Bridge Connext Network

Bridge Connext Network is suitable for converting Tether in Ethereum, Binance Chain, Polygon, Gnosis, and Optimism Rollups, as well as Arbitrum.

XY Finance

XY Finance is another cross-chain bridge platform that enables the conversion of Tether to networks such as Scroll, Linea, zkEVM, Polygon, zkSync Era.

For example, to convert Tether from the Ethereum network to Arbitrum, you can follow the steps below:

Visit the XY Finance website and click on the “Launch App” option.

XY Finance 1
XY Finance

Then, connect your wallet by clicking on “Connect Wallet.”

XY Finance 2
XY Finance

In the “Swap” section, enter the amount of Ethereum-based Tether in the “From” token box. In the “To” token box, select Arbitrum Tether. You can use the same wallet address in the “Recipient Address” section or modify the address. The estimated fee and sending time will be displayed at the bottom of the window.

XY Finance 3
XY Finance

After reviewing the relevant information, click on the “Switch” button. At this stage, a message will be displayed in your connected wallet (e.g., MetaMask), asking for your permission to switch networks. You can complete the process of changing the Tether network from Ethereum to Arbitrum by clicking on “Switch Network” and “Approve.”

Transfer USDT from EVM-Compatible to Non-EVM Networks

The networks mentioned earlier are specifically allocated for conducting Tether exchange operations between networks compatible with the Ethereum Virtual Machine (EVM). However, if you decide to transfer USDT from EVM-compatible networks to non-EVM networks such as Solana, Algorand, or Aptos, you can use specialized bridges. Below, we provide you with a step-by-step guide on how to perform this operation using suitable bridges.

Meson Fi

Meson Fi bridge allows you to bridge USDT across various networks, including Ethereum, Binance Chain, Polygon, Arbitrum, Optimism, Avalanche, TRON, Phantom, Aurora, Conflux, and EOS, and also supports non-EVM networks such as Algorand and Solana.

Rango Exchange

Rango Exchange‘s bridge supports 50 EVM-compatible networks like Avalanche, Phantom, Optimism, Arbitrum, Binance Smart Chain, and several non-EVM networks like Solana, TRON, and Cosmos Hub. You can use Rango Exchange to change the network for Tether.

Core Allbridge

Allbridge employs two mechanisms for token bridging, namely Allbridge Core and Allbridge Classic. In the Allbridge Core mechanism, if the destination token exists natively on the network, the token is initially locked in the source network’s contract and then minted in the destination network’s contract. However, in the Allbridge Classic mechanism, due to the native existence of the destination token on the network, the liquidity pool is utilized.

Core Allbridge serves as a decentralized cross-chain bridge, supporting USDT bridging in Ethereum, Binance Chain, TRON, and Polygon networks. Transactions on this bridge are fast, with a duration between 1 to 2 minutes and fees ranging from 0.05% to 0.1%. The process of bridging Tether in different networks via this platform is straightforward, and we will proceed with a step-by-step guide below.

Visit the Allbridge Core website. Click on “Launch app” located in the upper-right corner.

Core Allbridge 1
Core.allbridge.io

Firstly, connect your wallet by clicking on “Connect Wallet.” In the “Swap” section, you can either choose from the table displaying currency pairs or use the fields. For example, to convert Ethereum-based Tether to TRON-based Tether, select USDT Ethereum in the first box and USDT TRON in the second box.

Core Allbridge 2
Core.allbridge.io

At the bottom of the page, you can view transaction fees and other details such as estimated swap time. By clicking on the “Send” option, a message will be sent to your wallet for fee deduction and transaction confirmation. Finally, after confirming the message, your ERC20 Tether will be converted to TRC20 Tether.

PancakeSwap

In addition to token bridge platforms, another option for changing the network of digital currencies is to use decentralized exchanges (DEX). In the world of DEX, such as PancakeSwap, there is an option to switch the network of digital currencies like Tether. By utilizing the bridging service on these exchanges, you can transfer Tether to networks like Ethereum, Optics, Kava, Metis, Arbitrum, Polygon, Avalanche, and Binance Chain.

The steps to convert BEP20 Tether to ERC20 Tether on PancakeSwap are as follows:

Visit the official decentralized exchange PancakeSwap website, Click on the “Connect Wallet” option.

You can perform this step directly from your Trust Wallet, Enter the “DApp” section, select the Pancakeswap decentralized application, and proceed with the following steps

Pancakeswap 1
PancakeSwap

After entering the site, select the “Bridge” option from the “Trade” dropdown menu.

Pancakeswap 2
PancakeSwap

On this page, select the name and network of the source token in the top field. If you search for USDT in the search bar, all supported Tether networks in PancakeSwap will be displayed. After selecting the token, enter the amount, and then choose the destination network for the bridge in the second field.

Pancakeswap 3
PancakeSwap

At the end of the destination chain box, the received token amount, fee, and slippage will be displayed. You can adjust the gas and slippage values to minimum and maximum as needed.

Pancakeswap3
PancakeSwap

By clicking on “Approve,” the smart contract gains access to deduct fees and bridge the token to your assets. Finally, after confirming the transaction by clicking on “Confirm Transfer” in your wallet, the Tether asset is transferred from the Binance Smart Chain network to the Ethereum network.

How to bridge USDT Network with Centralized Exchanges?

In the process of changing the Tether (USDT) network via bridges, the token is initially locked in the source network and then recreated in the destination blockchain; this operation is known as token wrapping. Now, if you need to change the Tether network without wrapping it, you can turn to centralized exchanges.

The first point to note is that you must have an account on an exchange, and some exchanges require identity verification (KYC). Additionally, ensure that the exchange supports your desired standards; in this regard, consulting with the exchange’s support can be helpful.

It’s also crucial to be aware that, during withdrawal, Tether is displayed on different networks, and you’ll be prompted to choose on which network you want to withdraw Tether. In summary, after completing these steps, deposit the desired cryptocurrency from your wallet to the exchange address to change the network (e.g., Tether ERC20). In a subsequent transaction, withdraw your tokens on the desired Tether network (e.g., BEP20) from the exchange and transfer them to your wallet.

Conclusion

Tether, as a popular stable cryptocurrency, operates on multiple blockchain networks using various infrastructures. However, for the transition of Tether to different networks, bridges are recognized as an efficient and fast solution. In this path, to bridge USDT to EVM-compatible networks, one can utilize bridges such as Jumper Exchange, Connext Bridge, Rango, and XY Finance. These tools enable the exchange of Tether quickly and at minimal costs. Additionally, for bridging USDT from EVM-compatible networks to non-EVM networks, platforms like Meson Fi, Allbridge, and PancakeSwap DEX are suitable choices.

Comment And Share

Do you know other methods and tools for transferring Tether from one network to another? πŸ’‘ Share your thoughts and questions in the comments section to contribute to engaging discussions. πŸ€”πŸ’¬ Also, if you found this content helpful, share it with your friends.

Frequently Asked Questions

FAQ
How to bridge USDT Network?

Tether, a stablecoin, utilizes the infrastructure of multiple networks, and bridges provide the easiest way to switch the Tether network.

Which bridges support changing the Tether network?

To convert Tether on EVM-compatible networks, bridges such as Jumper Exchange, Connext Bridge, and XY Finance can be employed. For transferring Tether from EVM-compatible networks to non-EVM networks, bridges like Meson, Allbridge, and Pancakeswap can be utilized.

Which are the most widely used Tether networks?

The primary Tether networks include TRC20 and ERC20. Due to their high speed and low fees, the majority of international transactions occur on these networks.

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