Introduction to Tether USD Bridged ZED20 (USDT.z)
Tether USD Bridged ZED20, commonly referred to as USDT.z, is a bridged version of Tether USD (USDT) operating on the Binance Smart Chain (BSC) network. Bridged tokens allow assets from one blockchain, like Ethereum, to be used on another, enabling greater interoperability and access to decentralized finance (DeFi) ecosystems. USDT.z specifically facilitates trading and liquidity provision on platforms like Pancakeswap V2.
Key Market Data and Performance
As of the latest data, the USDT.z/USDT trading pair on Pancakeswap V2 (BSC) is priced at approximately $0.1077. Over the past 24 hours, the token has experienced a price decrease of 11.37%. The trading volume for the same period stands at $10,056.82, spread across 2,001 transactions.
The token’s highest price in the last day was $0.1274, reached at 16:24 UTC, while its lowest was $0.0231, recorded at 13:54 UTC. This volatility highlights the dynamic nature of the decentralized exchange (DEX) market.
Contract and Liquidity Details
The smart contract address for USDT.z is 0x1114e352349076d4159e7486a2430cd0d47b226b. The Fully Diluted Valuation (FDV) is reported at $2.96 billion, though the current liquidity pool is significantly smaller at $1,352.12. This pool is evenly balanced, with 6,261.42 USDT.z tokens (valued at $673.20) and 672.4 USDT tokens (also $673.20) providing the liquidity.
The pool was created six months ago and remains active, with the most recent transaction occurring within the last 24 hours.
Exchange Rate and Token Acquisition
The current exchange rate is 1 USDT.z for $0.1083. This means that with 1 USDT, a user can acquire approximately 9.2846 USDT.z tokens. Understanding this rate is crucial for traders looking to enter or exit positions efficiently.
Trading Platforms and Availability
USDT.z is available for trading on several decentralized and centralized platforms. The primary DEX is Pancakeswap V2 on BSC. It is also listed on Maestro Bot, KyberSwap, and the MEXC DEX+. This multi-platform availability increases accessibility for a wide range of traders.
Holder Distribution and Major Wallets
There are currently about 12,293 wallets holding USDT.z tokens. The largest holder is the wallet associated with Zedxion (contract address: 0xa3f37d00c47f4b0fdd5ace310632489a21779a6b), which holds 13.93 billion USDT.z tokens. At current prices, this stake is valued at over $1.5 billion.
Security and Contract Audit
The USDT.z/USDT pool on Pancakeswap V2 has a GT Score of 63.3. The smart contract has been verified, and there are no detected indicators of a honeypot scam. Furthermore, no proxy contract was identified, adding a layer of confidence for users engaging with the pool. For those looking to analyze similar contracts, you can explore more strategies for secure trading.
Frequently Asked Questions
What is a bridged token?
A bridged token is a representation of an asset from one blockchain on another network. USDT.z is a bridged version of USDT on BSC, allowing users to utilize Tether’s value within the BSC DeFi ecosystem without transferring the original Ethereum-based asset.
How do I buy USDT.z on Pancakeswap V2?
To purchase USDT.z, connect a Web3 wallet like MetaMask to Pancakeswap V2. Ensure you have BNB for gas fees and USDT or BNB to swap. Navigate to the exchange interface, select USDT.z as the output token, and confirm the transaction.
What does the GT Score indicate?
The GT Score is a metric that evaluates a token’s liquidity, trading activity, and contract security. A score of 63.3 for USDT.z suggests moderate liquidity and activity with no immediate red flags, but traders should always conduct their own research.
Is the USDT.z contract safe to interact with?
The contract is verified, and no honeypot or proxy issues were detected in the available report. However, the crypto space is dynamic, and it is essential to view real-time tools and conduct ongoing due diligence before investing.
Why is there a price difference between USDT and USDT.z?
Bridged tokens can trade at a premium or discount to their underlying asset due to factors like liquidity constraints, demand variations on different chains, and bridge trust assumptions. This creates arbitrage opportunities but also adds risk.
Can I provide liquidity for the USDT.z/USDT pool?
Yes, you can become a liquidity provider on Pancakeswap V2 by adding an equal value of both USDT.z and USDT to the pool. In return, you earn a portion of the trading fees generated by the pair, proportional to your share of the liquidity pool.