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.
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.
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.