# Alcor USDT Proxy:

Alcor USDT Proxy, meticulously crafted by the Alcor team, revolutionizes the process of withdrawing and depositing USDT from/to Centralized exchanges by seamlessly integrating with EOS Inter Blockchain Communication (IBC) technology.

**How It Works:**

1. **EOS Network Integration:**
   * Alcor leverages the EOS network as a USDT provider. To initiate a deposit or withdrawal, users must select the EOS network.
2. **Effortless Deposit or Withdrawal on EOS:**
   * Once the USDT is deposited or withdrawn on the EOS blockchain, Alcor takes the reins. Using the IBC protocol, Alcor bridges the tokens to or from EOS, facilitating a swift and secure swap.
3. **Automated Transaction Handling:**
   * All transactions are meticulously handled by Alcor, ensuring that your tokens arrive seamlessly in your WAX wallet or your preferred Centralized Exchange (CEX).
4. **Deposit Instructions:**
   * Users are advised to thoroughly read the provided instructions before initiating a deposit to ensure a smooth transaction experience.
5. **Minimal Deposit Fee:**
   * Alcor USDT Proxy incurs a minimal deposit fee of 0.05 USDT, making it an economical and user-friendly choice for USDT transactions on the WAX blockchain.