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Home / Help Center / Deposits & Withdrawals / What is Tether (USDT)?
Deposits & Withdrawals Updated Mar 21, 2026

What is Tether (USDT)?

USDT (Tether) is the cryptocurrency used for all gameplay, deposits, and withdrawals on Phenom Poker.

The basics

USDT is a "stablecoin" — a cryptocurrency whose value is pegged to the US dollar. This means 1 USDT is always worth approximately $1 USD.

Why does Phenom Poker use USDT?

  • Stable value — unlike Bitcoin or Ethereum, USDT doesn't have wild price swings. Your poker bankroll keeps its dollar value
  • Fast transactions — deposits and withdrawals process in seconds on the Polygon network
  • Low fees — sending USDT on Polygon costs fractions of a cent
  • Available everywhere — USDT can be bought on virtually every major crypto exchange worldwide

How to get USDT

Purchase it on a crypto exchange like Binance, Coinbase, or Kraken. Then send it to your Phenom Poker wallet on the Polygon network.

For step-by-step instructions, see:

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