Bridged Tether (Wormhole) wallet

What is Bridged Tether (Wormhole) (USDTSO)?

What you hold here is a wrapped claim rather than an issuer's token. Wormhole is a cross-chain messaging protocol: USDT is locked in its contract on one chain, a message attests to that lock, and an equivalent wrapped token is minted on the destination chain. Burn the wrapper and the original unlocks. The dollar value comes from the locked collateral and the bridge's integrity, not from a redemption right with Tether.

The consequences for a holder are concrete. A wrapped USDT and a natively issued USDT can sit on the same chain with the same ticker and completely different contracts, and applications, deposit addresses and liquidity pools usually accept only one of them. Getting back to the canonical token means either an on-chain swap where liquidity exists, or a return trip through the bridge. And a wrapped token is only ever as sound as the bridge holding the collateral, which is a different kind of dependency from the one behind a natively issued stablecoin.

Wrapped assets also multiply across chains, so the same nominal holding can exist as several distinct entries. Tangem lists each of them separately with its own balance, and before the card signs, the outgoing network is shown on the confirmation screen for you to read. When the whole point of an asset is that several near-identical versions exist, a wallet that refuses to blur them together is the one to use.

Supported networks in Tangem (4): Ethereum, BNB Smart Chain, Avalanche, Polygon POS.