USDT (Tether) is the largest and most liquid fiat-collateralized stablecoin, pegged 1:1 to the US dollar. Issued by Tether, it maintains its peg through reserves of cash and cash equivalents, acting as the default trading pair on most centralized exchanges.
AGON standardizes on USDC for all on-chain operations, ensuring transparent collateralization and settlement on the Base network. You will not find USDT-denominated markets on /markets.
However, we recognize USDT's market dominance. It is the primary vehicle most traders use to move capital between chains and exchanges. Think of it as the global reserve currency of crypto trading that you convert into the local currency (USDC on Base) to place your bets. This swap is a low-friction, necessary step to fund your AGON account.
Treat USDT as a transport layer for value, not a long-term holding. Its primary utility is its deep liquidity and multi-chain availability. When bridging USDT to Base for use on AGON, use a trusted bridge like Axelar to minimize risk and always verify the token contract address.
The main risk vector for USDT is counterparty risk with Tether. Its stability relies on trust in their off-chain reserves, which are subject to periodic attestations. For this reason, many experienced degen traders limit their exposure, using it for short-term trades before rotating into USDC or decentralized options for holding. When off-ramping from AGON, you simply reverse the process.
Trading prediction markets involves risk. Not financial advice.
