Halal crypto ratings

USDT (Tether)

Network Purpose

Tether does not have its own blockchain, and can be issued on any chain that Tether supports.

Token Use Cases

1. Stablecoin/reducing volatility
2. Exchange and trade
3. Money transfers4. Collateral

Protocol & ConsensusMechanism

USDT is issued on multiple blockchains. Each of these blockchains use their respective consensus mechanism, generally being Proof of Stake.

Tokenomics

Tether’s supply does not have a hard limit, meaning there is no maximum supply.

Shariah Compliance

Compliant

Shariah PowerRating

4.5/10