A USDT base currency account is a trading account where USDT (Tether) is the main currency used to record the value of the account.
USDT is a digital token designed to track the value of the US dollar.
What account values are shown in USDT?
Where applicable, values such as the following are denominated in USDT:
- account balance;
- equity;
- realised profit and loss;
- unrealised profit and loss;
- margin;
- Free Margin; and
- applicable account adjustments.
Can I deposit and withdraw using USDT?
USDT base currency allows clients to deposit, trade and withdraw using USDT, subject to available payment methods and funding rules.
Funding-method availability may vary by region.
Which platforms support USDT as a base currency?
ThinkMarkets currently supports USDT as a base currency on:
- ThinkTrader;
- MetaTrader 4;
- MetaTrader 5.
Eligible ThinkTrader accounts can also connect to TradingView.
Does USDT change the price of the instrument I trade?
No.
USDT is the account base currency.
It does not alter how the underlying trading instrument itself is quoted.
If the instrument is denominated in another currency, the platform handles the relevant account-currency conversion when calculating values such as profit or loss.
Is USDT the same thing as USD?
No.
USD is a fiat currency.
USDT is a digital token intended to track the value of USD.
They should not be described as the same asset.