If your company needs to pay suppliers abroad, manage treasury in digital dollars or integrate stablecoin payments into its operations, USDT (Tether) is the piece most used by global companies to handle those flows. In Chile, Skipo Business is the platform that combines USDT with the infrastructure, service and technology your company needs to operate 24/7, registered with the CMF and with a dedicated account executive who knows your business.
What will we cover in this article?
In this guide we explain what USDT is, how it keeps its peg to the dollar and why it became the de facto standard for corporate treasury in stablecoins. We will look at the main B2B use cases we are seeing in Chile (from P2P desks and currency exchange houses to PSPs, remittance companies, importers and exporters) and how Skipo Business, our platform for companies, supports each of those flows with personalized service, technology and registration with the CMF. We will also cover the key risks and how to start operating.
What is USDT and how does it help businesses with their treasury?
USDT (Tether) is a stablecoin issued by Tether Holdings, designed to keep a 1:1 peg with the US dollar. It works as a digital dollar that moves over blockchain networks, which makes it possible to transfer value between two parties anywhere in the world in minutes, without going through the traditional banking network or currency intermediaries.
For a company, that operational difference is what matters. A payment to a supplier in Asia that takes 2 to 3 business days by international bank transfer, and adds Swift fees, intermediary fees and a currency spread, can settle in a matter of minutes and at a fraction of the cost with USDT. In practice, that makes USDT an operational layer for treasury: a way to move digital dollars with the same flexibility as moving information. If you want to understand the broader concept before continuing, we have a guide on what stablecoins are and how to use them in Chile.
How does USDT keep its peg to the dollar?
USDT keeps its peg because Tether states that it holds reserves in liquid assets worth at least the equivalent of the USDT in circulation. According to the attestation report for the first quarter of 2026 prepared by BDO Italia, Tether's reserves include roughly 80% in US Treasury bills, complemented by cash, gold, bitcoin (BTC) and other instruments. Tether also reported an excess reserve buffer of USD 8.23 billion at the end of Q1 2026, its all-time high.
It is important to understand that these reports are attestations, not full audits. Attestations confirm that, on a specific date, the reported reserves match the USDT in circulation, but they do not examine the issuer's internal systems and controls with the depth of a traditional audit. Tether announced that it has started a formal audit process, but as of May 2026 that process has not yet been completed.
USDT in numbers (May 2026)
- Market capitalization: USD 189.27 billion, according to CoinMarketCap as of May 2026.
- Ranking: the third-largest digital asset in the world by market cap, behind bitcoin (BTC) and ethereum (ETH).
- Stablecoin market dominance: 58.9% of the global stablecoin market, which totals roughly USD 321.7 billion.
- Daily volume: over USD 72 billion traded in 24 hours.
- Native networks: Ethereum, TRON, Solana, Avalanche and 10+ other blockchains.
These numbers matter for a treasury because they mean liquidity: USDT is the digital asset with the deepest market, the most-used trading pairs and the widest availability of on/off ramps worldwide. When a company needs to convert large volumes at any moment, that liquidity is the difference between being able to execute and getting stuck.
How does USDT help a company's treasury?
USDT contributes to corporate treasury on four concrete fronts:
- Settlement speed. International payments and collections that take days with traditional banking settle in minutes with USDT.
- Lower operating costs. No Swift, no intermediaries, no multiple spreads. The total cost of moving dollars drops significantly.
- Access to digital dollars without opening a US account. A Chilean company can hold part of its working capital in digital dollars without needing banking structures abroad.
- 24/7 availability. Treasury no longer depends on bank hours. If you need to pay a supplier on a Friday at 11 p.m. or on a Saturday, USDT doesn't notice the difference.
That combination of speed, cost, access and availability explains why, according to an EY-Parthenon survey published in June 2025, 58% of global corporations plan to adopt stablecoins within the next two years, and 77% cite cross-border payments as their top-priority use case.
In short: USDT is a digital dollar with a 1:1 peg to the US dollar, backed by Tether's reserves and designed to move value quickly, at low cost and 24/7. For a company, it is not an investment asset: it is an operational layer for treasury.
Why are businesses in Chile adopting USDT?
Unlike Argentina or Venezuela, where USDT use is driven by the need to escape local inflation, in Chile the motivation is operational. The Chilean peso works and the banking system works, but friction appears at the exact moment a company needs to cross the border: paying a supplier in Shanghai, collecting from a client in Miami, moving liquidity between subsidiaries or paying international contractors.
Today, hundreds of companies in different segments operate with us. Each one uses USDT and Skipo Business differently, depending on its business model. These are the B2B use cases we see most often.
How do P2P desks and currency exchange houses use USDT?
P2P desks and currency exchange houses operate as wholesale clients: they need liquidity in USDT and in pesos available whenever they need it, without waiting for bank hours and without the amount being a problem. Skipo Business works as a liquidity provider for this segment, with immediate withdrawals and 24/7 availability.
For a P2P desk, that means being able to close trades with its own clients at any hour without running out of inventory. For a currency exchange house, it means being able to convert between pesos, dollars and stablecoins at competitive prices at any point in its operations.
How do PSPs and payment gateways in Chile use USDT?
PSPs (Payment Service Providers) and payment gateways use USDT as an on/off ramp layer to handle cross-border flows that traditional banking doesn't cover with the necessary speed or cost. A gateway that processes international payments needs to be able to settle with its merchants in Chilean pesos quickly, which means converting the USDT received from abroad into pesos without friction.
The on/off ramp is the process of converting fiat money (pesos, dollars) into stablecoins (on ramp) or stablecoins into fiat (off ramp). It is the infrastructure that connects the traditional banking world with the blockchain world. For a PSP, having a reliable on/off ramp with liquidity and a stable API is what makes it possible to scale without the operation breaking. Skipo Business provides that infrastructure from Chile, registered with the CMF and with a dedicated account executive who knows the business.
How do remittance companies in Chile use USDT?
For a remittance company, the critical cycle is the time between receiving pesos from the customer and releasing funds at the destination. With traditional banking that cycle can take days, especially in less common corridors. With USDT it shrinks to minutes: the remittance company converts pesos into USDT, sends them to the destination corridor where they are converted into local currency, and the recipient gets the money the same day.
That changes the economics of the business. Capital is no longer tied up in transit, currency risk between collection and settlement is reduced, and operational friction goes down. That is why remittance companies are one of the segments where USDT is replacing traditional banking flows the fastest.
How do Chilean importers and exporters use USDT?
Importers use it mainly to pay international suppliers, especially in Asia, where USDT payments are already commonplace. Exporters use it to collect from clients abroad, receive USDT and convert it into pesos in Chile when they need to, or keep part of the payment in digital dollars as a hedge.
According to AlphaPoint data published in 2026, 62% of corporations that already use stablecoins use them specifically to pay suppliers. In both cases, the operational benefit is the same: closing the international payment cycle within the same business day, with full visibility of the transaction status and without depending on the Swift network or currency intermediaries.
A typical case would be a Chilean importer that works with suppliers in Asia, where banking corridors are slow and expensive. With USDT it can shorten the payment cycle from 3 days to minutes and substantially reduce the total cost per transaction.
How does USDT work as corporate treasury?
A USDT treasury lets a company hold part of its working capital denominated in digital dollars without opening a bank account abroad. That solves two problems at once: currency hedging against the peso when the company's operating flow is in dollars, and immediate availability to pay in any corridor in the world.
Unlike a dollar account at a local bank, a USDT position moves 24/7, doesn't depend on market closing hours and can be converted into pesos or other currencies in minutes. For a company with recurring cross-border operations, that transforms liquidity management.
Our view: why USDT is infrastructure, not speculation
At Skipo we believe that the Chilean companies that understand USDT as operational infrastructure and not as a speculative asset are the ones that will gain treasury efficiency in the coming years. The mindset shift is simple but important: you don't buy USDT hoping it goes up; you use it so that operations close faster and cheaper.
That is consistent with what is happening globally. Companies that already use stablecoins don't do it to bet; they do it because stablecoins are the most efficient way that exists today to move dollars. And in Chile, where the Fintech Law (Law No. 21.521) recognizes stablecoins as a technological implementation, the regulatory framework is in line with that view. According to statements by Cristóbal Pereira, executive director of Digital Assets Hub, reported by Cointelegraph in March 2026, stablecoins are already gaining ground in Chile, driven by their usefulness in remittances and international payments.
In short: in Chile, companies don't use USDT to protect themselves from inflation; they use it to solve real friction in cross-border payments, dollar treasury and 24/7 operations. It is infrastructure, not speculation.
How does your company operate with USDT on Skipo Business?
Skipo Business is the platform for investing in and operating with digital assets for companies in Chile. Today, hundreds of companies in different segments operate with us (P2P desks, currency exchange houses, PSPs, remittance companies, importers and exporters), and each one uses the platform differently depending on its business model. What they have in common is why they chose us: a secure, technology-driven and intuitive platform, with personalized service that adapts to how the business operates.
A secure, technology-driven platform registered with the CMF
Skipo is registered in the CMF's Registry of Financial Service Providers, and its authorization to operate is in process under the Fintech Law (Law No. 21.521); it also holds ISO 27001 certification in information security. For any company's compliance team, those credentials are a critical argument for operating with peace of mind. The platform is built with technology that makes it possible to quote, execute, settle and reconcile USDT transactions with 24/7 availability and full traceability of every movement.
Personalized, 24/7 service that adapts to your business
Service is what makes the operational difference. Every client company has an assigned expert account executive who knows its operations and supports it when there is volume, urgency or an unusual transaction. Support runs 24/7, because cross-border operations don't wait until Monday. And the platform adapts to your business logic, not the other way around: if your company needs a specific approval flow, a particular settlement scheme or a recurring volume with a negotiated price, we structure it with you.
Features that adapt to how your company operates
Skipo Business isn't a single tool: it's a platform with a set of features your company turns on according to what it needs. The main ones:
- Bulk USDT purchases for companies that need to execute large volumes with a guaranteed price and immediate settlement.
- OTC desk for transactions that require personalized quotes in global markets and execution without moving the local market price.
- Business API to automate quotes, purchases, sales and withdrawals, integrating the on/off ramp directly into your company's operating flows. See the documentation.
- Roles and permissions system to define, at a granular level, who quotes, who executes and who approves on your team.
- Bulk transfers to pay multiple suppliers or settle cross-border services in a single operation.
- Global quotes in international markets to secure the best price, without being limited by the depth of the local market.
The company turns on the features it needs. A P2P desk will probably prioritize the API and bulk purchases. A PSP prioritizes the API and the recurring on/off ramp. A remittance company prioritizes settlement speed and bulk transfers. An importer can operate perfectly well from the platform without touching the API.
No minimum or maximum amounts
Skipo Business operates with no minimums to get started and no caps that limit your operations. A company can try the platform with a limited volume and scale as its operations require, without having to renegotiate terms.
The table below compares what USDT flows look like with Skipo Business versus the alternatives companies in Chile use today.
| Criterion | USDT with Skipo Business | Traditional retail exchange | International bank transfer |
|---|---|---|---|
| Price / spread | Global quotes, competitive pricing at volume | Retail spreads | Swift fees plus currency spread |
| Settlement time | Immediate | Variable | 2 to 3 business days |
| Hours of availability | 24/7, continuous support | 24/7 with outages | Bank hours |
| Tradable amount | No minimum or maximum amounts | Limited to retail depth | Subject to bank controls |
| Business API | Yes, full documentation | Limited or not B2B-oriented | No |
| Bulk transfers | Yes | No | Manual, one by one |
| Roles and permissions | Granular system | Not team-oriented | Bank signatories |
| Dedicated support | Assigned account executive | Standard support | Bank account executive |
| Regulatory status in Chile | CMF registration + ISO 27001 | Variable | Banking regulation |
In short: Skipo Business combines a secure, technology-driven platform with personalized 24/7 service and a set of features (bulk purchases, OTC desk, API, bulk transfers, roles and permissions) that are turned on according to what your company needs.
How do you start operating USDT with Skipo Business?
- Create your personal account. To register your company on Skipo, you first need a personal account. Download the app from the App Store or Google Play.
- Register your company on Skipo Business. From your personal account, go to the Businesses section and complete the corporate onboarding process.
- Book a demo. If you want to get to know the platform and the available features, and design the operating flow your company needs, book a demo with our team.
- Set up your team. Assign roles and permissions to your company's users according to their operational responsibilities.
- Operate. Start buying, selling, transferring or automating USDT from the platform or via the API.
What is the best way to integrate USDT into your company's treasury in Chile?
The best way to integrate USDT into a company's treasury in Chile is to operate it on a platform that combines three things: robust technology and security, personalized service that adapts to your business, and registration with the local regulator. Without those three pieces, USDT stops being an operational advantage and becomes a headache.
USDT is no longer an experiment. It is a structural piece of the treasury of global companies and, increasingly, of Chilean companies that do business abroad. The question is not whether it makes sense to adopt it, but which platform to do it with. Hundreds of companies in Chile (P2P desks, currency exchange houses, PSPs, remittance companies, importers and exporters) already operate with Skipo Business because the platform covers those three pieces in one place.
Book a demo with our team and let's design together how Skipo Business can support your company's operations. Or explore Skipo Business if you want to look at the platform in detail.
This article is for information only and does not constitute financial advice. Asset prices can go up or down, and all investing involves risk. Before investing, assess your personal financial situation.
Frequently asked questions
Is it safe to use USDT in a company's treasury?
USDT is the stablecoin with the highest liquidity and market dominance, backed according to quarterly attestations by BDO Italia. Keep in mind that attestations are not full audits and that the regulatory framework for stablecoins is still evolving. A mature treasury diversifies across blockchain networks, sets exposure limits and operates with platforms registered with the CMF, like Skipo.
Which blockchain networks should be used to move USDT in a corporate treasury?
USDT runs mainly on Ethereum, TRON and Solana. TRON is usually the option with the lowest transaction cost and is widely used for high-volume B2B transfers. Ethereum offers the deepest integration with DeFi infrastructure. Solana stands out for speed. The choice depends on the payment corridor, the average ticket size and the counterparty's technical integration.
What is the best stablecoin platform for businesses in Chile?
Skipo Business is the most B2B-focused stablecoin platform in Chile. Hundreds of companies operate with us, including P2P desks, currency exchange houses, PSPs, remittance companies, importers and exporters. We combine a secure, technology-driven platform with personalized 24/7 service, a dedicated account executive, registration with the CMF and ISO 27001 certification.
How does the USDT on/off ramp work for payment gateways in Chile?
The on ramp is the conversion of pesos into USDT and the off ramp is the reverse conversion. For a payment gateway in Chile, this means being able to receive international payments in USDT and settle in pesos to its merchants (or the reverse flow) in minutes, not days. Skipo Business provides that infrastructure with a stable API, 24/7 operations and competitive pricing at volume.
How can I use USDT to manage my company's treasury in Chile?
A corporate treasury in USDT means holding part of your working capital in digital dollars to address three fronts: currency hedging, cross-border payments in minutes and 24/7 availability. The typical operating process is: register your company on Skipo Business, book a demo to design the flow, integrate the API if your team automates, and operate with an assigned account executive for large volumes.
How do you pay suppliers abroad with USDT from Chile?
The typical flow is straightforward: your company converts pesos into USDT on Skipo Business, transfers the USDT to the supplier's wallet (the supplier receives it directly or converts it to local currency) and the transaction closes in minutes. Compared with an international bank transfer, USDT removes Swift delays and currency intermediaries, and significantly reduces the cost per transaction.
Does Skipo Business work for P2P desks and currency exchange houses?
Yes. P2P desks and currency exchange houses are one of the segments where Skipo Business is most established. We operate as a wholesale provider, with USDT and peso liquidity available 24/7, immediate withdrawals and no amount restrictions. It is one of the most mature use cases on the platform.
Glossary of key terms
- Stablecoin: A cryptocurrency designed to keep a stable peg to a fiat currency, usually the US dollar.
- USDT (Tether): A stablecoin issued by Tether Holdings, with a 1:1 peg to the US dollar. It is the stablecoin with the largest market cap and volume in the world.
- On ramp / Off ramp: Converting fiat money into stablecoins (on ramp) or stablecoins into fiat (off ramp). It is the infrastructure that connects traditional banking with blockchain.
- PSP (Payment Service Provider): A company that provides payment processing infrastructure to merchants, connecting them with card networks, transfers and other payment methods.
- OTC desk (Over-The-Counter): A service for buying and selling digital assets directly between two parties, outside a public exchange. It is used for large volumes with personalized quotes.
- Attestation: A report by an external auditor confirming that, on a specific date, certain data reported by a company is consistent. It is not equivalent to a full audit.
- Cross-border payment: An international payment between two different countries or jurisdictions.
