USDT (Tether): a stablecoin pegged to the dollar
USDT is issued by Tether Limited. The coin is designed to keep its value close to one US dollar: Tether claims to back each token with real assets. USDT is used as a means of storing value in dollar terms without needing to open a US bank account, as well as an intermediate unit in cryptocurrency exchanges. The USDT rate aims for a peg around 1 USD, but market deviations, liquidity restrictions, and issuer risk are possible; this is not a dollar deposit at a bank. Cryptocurrency transactions carry regulatory risks: the legal status and taxation depend on the user's jurisdiction, and the stablecoin issuer can technically freeze funds at an address. This is not a banking instrument with a guarantee of preservation.
TRC-20 and ERC-20 networks: choosing a blockchain when transferring USDT
USDT operates on multiple blockchain networks. The most common are TRC-20 (Tron blockchain) and ERC-20 (Ethereum blockchain). A key point: tokens from different networks are not compatible - sending USDT on the TRC-20 network to an address that only accepts ERC-20 may make the funds inaccessible, and recovery may prove impossible. Before sending, make sure the sender and recipient are using the same network. TRC-20 is popular due to low in-network fees, while ERC-20 is more widely supported by major exchanges. When working with ATM24, check with the operator which network the service uses for the specific transaction.
Exchanging tenge for USDT via ATM24
ATM24 is a currency exchange and international transfer service; requests are accepted via WhatsApp or Telegram. Exchanging KZT for USDT through ATM24 is convenient for those who want to store value in dollar terms without opening a foreign account, as well as for those transferring funds from Kazakhstan into cryptocurrency. The rate is agreed before the request is paid. For large or non-standard amounts, terms are discussed individually. Requests can be submitted at any convenient time via messenger. The availability of the transaction, the applicable route, KYC/AML requirements, and final terms are confirmed by a manager before payment; the availability of a specific route is not guaranteed until verified.
The extent 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.
Transactions with crypto assets involve regulatory risks; their permissibility depends on the jurisdiction of the parties and may change. Before a transaction, assess the applicable restrictions independently; the manager confirms the possibility and terms of the specific transaction before payment.