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Coins and tokens
Is USDT (Tether) halal?
Answered by the ShariaQuant team
Holding it to move between trades is where most people use it, and the issues to weigh are the freeze function and what sits behind the reserves. Tether's reserves include interest bearing instruments, which is a separate concern from whether you personally earn interest. We rank each stablecoin individually rather than treating them as one group.
Every stablecoin ranked by Shariah complianceThis is Shariah screening and education, not financial advice. Rulings on newer products differ between scholars, so where a question is disputed we say so rather than pick a side for you. If your situation is unusual, ask your own scholar.