Asset Guide - USDT

Guide to USDT on Sei

What is USDT

Tether (USDT) is a stablecoin issued by Tether Limited, designed to maintain a 1:1 peg with the US dollar. It is widely used in crypto markets for trading, remittances, and as a store of value without direct exposure to volatility.

Key Characteristics

• USD-Pegged Stability — Maintains a 1:1 value with the US dollar.

• Fiat-Backed Reserves — Backed by cash, equivalents, and other assets.

• Multi-Chain Support — Available on Ethereum, Tron, Solana, and more.

Circulating Supply (as of Feb 18, 2025)

• 141.76 Billion

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Where to Get USDT

You can get USDT from:

• On-chain swaps via Sei-based DEXs like Symphony

• Centralized Exchanges like Binance, Coinbase, Kraken, OKX, Bybit

• Official Tether Portal (for businesses/institutions)

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Bridge $USDT to Sei

💡 The following methods are available as of Feb 20, 2025

Method 1: Using Stargate via Yei Bridge (Fastest, but subject to slippage)

1. Go to Yei Bridge
2. Connect your wallet and select the source chain. Choose Sei EVM as the destination. (Avalanche is the fastest source chain with ~1 min arrival time)

3. Enter the amount of USDT to bridge and review the transaction.

4. Confirm and approve the transaction in your wallet.

5. Wait for the transfer to complete and verify the funds in your Sei wallet.

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Method 2: Using IBC via KAVA Bridge (No slippage, but more setup required)

💡 Best for large amounts, as it avoids slippage. Requires Keplr wallet and a CEX account supporting KAVAEVM.

1. Transfer USDT to your Keplr wallet

   • Create a Keplr wallet

   • Send USDT from your CEX (e.g., Binance) to your KAVAEVM wallet on Keplr

2. Get KAVA for gas

   • Purchase KAVA from a CEX and send ~1 KAVA to your Keplr wallet (EVM address)

3. Bridge USDT via KAVA Bridge

   • Bridge USDT from KAVA EVM to Sei

   • KAVA Bridge will handle the IBC transfer automatically

   • Confirm and approve the transaction

4. Send funds from Keplr to your Metamask wallet (Sei EVM)

5. Supply USDT on Yei

   • Go to the Yei Finance page
   • Connect your wallet, find USDT, click "Supply", enter the amount, and confirm

🎉 That’s it! You are now utilizing your USDT to earn rewards and Yei points.

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Bridge USDT Out of Sei

Method 1: Using Stargate via Yei Bridge (Fastest, but subject to slippage)

💡 The easiest way to bridge USDT out of Sei is via Yei Bridge using Stargate. For large amounts, consider Method 2.

1. Go to Yei Bridge
2. Select Sei as the source chain and your desired destination chain

3. Enter the amount of USDT and review the estimated slippage

4. Confirm and approve the transaction

5. Wait for completion and check your destination wallet

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Method 2: Using IBC via KAVA Bridge (No slippage)

💡 Best for large transfers. Requires Keplr wallet and a CEX account supporting KAVAEVM.

1. Withdraw USDT from Yei to your Keplr wallet

   • Option 1: Send from Metamask (Sei EVM) to Keplr (EVM)

   • Option 2: Import Metamask private key into Keplr

2. Go to KAVA Bridge

   • Connect Keplr (as Sei wallet) and Metamask (as KAVA EVM wallet)

   • Bridge USDT from Sei to KAVA EVM

   • Confirm and approve the transaction

3. Wait for bridge to complete (auto-handled by KAVA IBC)

4. Send USDT to your CEX account (e.g., Binance)

Both methods have their pros and cons—Stargate is simpler but subject to slippage, while IBC via KAVA Bridge avoids slippage but requires more steps.

💡 For large transfers, always start with a small test transaction first to ensure everything works as expected.