USDT (Tether): A Dollar-Pegged Stablecoin
USDT is the largest stablecoin by turnover. The issuer Tether Ltd. maintains the peg of 1 USDT = 1 USD by reserving assets for each issued token. USDT operates on several networks: fee, speed, and availability depend on the chosen network, its current load, and the receiving service. Networks are incompatible with each other - confirm the supported network and address with the recipient before transferring, otherwise funds may become inaccessible.
CHF vs USDT: Why Exchange One for the Other
Francs are converted to USDT for various reasons: holding in a dollar equivalent where this is legal, accessible to the user, and complies with platform, issuer, and jurisdictional requirements; moving into crypto through a stable asset; paying for international services in USDT; participating in DeFi. The CHF/USDT exchange rate depends on the current CHF/USD rate - since USDT is pegged to the dollar, pair fluctuations are determined only by the franc's movement against the dollar. The choice of network (TRC-20 or ERC-20) affects the fee size, but not the exchange amount.
Exchanging CHF for USDT Through ATM24
ATM24 works with the CHF-USDT direction: specify the amount in francs, choose the network (TRC-20 or ERC-20) and wallet address. The manager agrees on the rate and fixes it before the transfer - this protects against a spike in the franc to dollar rate during the transaction. Request through WhatsApp or Telegram. Convenient for those who transfer money from Switzerland or work with CHF assets and want to move into digital format.
The preliminary rate and terms are confirmed by the manager before payment after verifying the amount, payment method, availability of the direction, and applicable KYC/AML, sanctions, and jurisdictional restrictions. Operations with crypto assets carry market, technological, and regulatory risks; availability of the direction depends on jurisdiction, KYC/AML verification, party status, and network requirements; the manager confirms the possibility and terms before payment.
The scope of identification (KYC) and source of funds verification (AML) is determined by applicable law and the transaction amount; specific requirements are communicated by the manager before payment.
Operations with crypto assets involve regulatory risks; their permissibility depends on the parties' jurisdiction and may change. Before a transaction, independently assess applicable restrictions; the manager confirms the possibility and terms of a specific transaction before payment.