Many forex brokers have in recent years started to accept cryptocurrency as a way to fund trading accounts, and that now also includes stablecoins like Tether, also known as USDT. Due to regulatory challenges, however, most forex brokers that accept Tether are based offshore where regulations are less strict than in places like the EU, Australia, and the US.
USDT can be easily transferred between digital wallets just like any other cryptocurrency, but the benefit for users is that 1 USDT equals 1 USD. This makes it convenient to use for traders who want to top up their trading accounts in US dollar amounts. Like many other stablecoins, Tether is usually used as an Ethereum-based ERC-20 token, but can also be transferred via other blockchain networks.