The Giving Block Adds Support for Tether (USDT) - The Giving Block

The Giving Block Adds Support for Tether (USDT)

by

The Giving Block is excited to announce that we’re adding support for Tether (USDT) on our Donation Form and fundraising platform. USDT joins a growing list of cryptocurrencies that nonprofits can accept with the fundraising tools and services powered by The Giving Block.

Tether USDT

About Tether (USDT)

Tether (originally “Realcoin”) is a stablecoin created in 2014 as a way to combine the simplicity of a dollar with the advantages of blockchain technology. Like many other stablecoins, which mirror the price of a fiat-backed currency or other asset with an assigned market value, Tether is pegged 1:1 to the US dollar, meaning that it maintains the value of one US dollar. Today, as one of the world’s most popular stablecoins, Tether (USDT) has a circulating supply of 67.7 Billion at the time of writing this article. As a result, USDT is widely available for purchase on most leading crypto exchanges.

We’re excited to be adding new cryptocurrencies because it gives donors more flexibility in the way they donate. We recognize that converting from one crypto to another can be a taxable event in many countries, so we want to offer flexibility to accept other tokens directly.

Alex Wilson

Co-Founder, The Giving Block

How to Donate USDT to Charity

With this latest update, thousands of nonprofits, universities, faith-based and other mission-oriented organizations can now accept USDT donations on The Giving Block Donation Form and platform.

Donors looking to support an organization or cause that’s important to them can do so by browsing nonprofits and Impact Index Funds and selecting USDT in the Donation Form when completing the transaction.

| Reading Time:
JOIN OUR NEWSLETTER

Related Articles

The “Crypto for Good” Movement Scores a Viral Super Bowl Moment Without crypto ads during Super Bowl 2024, suitemates Jay-Z and Jack Dorsey created a subtle PR win for the “crypto for good” movement.
10 Companies Reinventing Corporate Social Responsibility with Crypto Donations These companies are making a difference with crypto donations, NFT charity auctions and other innovative web3 initiatives.

Featured Articles

JOIN OUR NEWSLETTER

Related articles

Bitcoin Holders 91% in Profit 91% of Bitcoin Holders Now Profitable: Crypto Rally Fuels Charitable Giving Posted in: Donors, Nonprofits We could be on the cusp of a big crypto philanthropy wave, with 91% of Bitcoin holders now in profit. Read more
Donation Donation Form | The Giving Block Crypto Taxes: How Does Donating Bitcoin Affect My Taxes? Posted in: Donations & Taxes, Donors, Nonprofits, Taxes For the last few years, the tax treatment of cryptocurrencies like Bitcoin in the United States was based on one document. Read more
Donation Donation Form | The Giving Block How Crypto Donations to Tech and Science Nonprofits Are Helping to Close the Gender Gap Posted in: Donors Women are still a significant minority in scientific fields. Find out how crypto donations to tech and science nonprofits are helping to close the gender gap. Read more