What is Tether (USDT)?
Tether (USDT) is the third largest cryptocurrency (after Bitcoin and Ether) and the largest stablecoin by market capitalization. Tether is a USD-pegged stablecoin, meaning that 1 Tether can be exchanged to USD at an approximate 1:1 ratio.
The coin was created in 2014 with the original name of "RealCoin", but was rebranded to Tether later that year. The organization behind USDT is iFinex, a company incorporated in HongKong that owns the BitFinex exchange. In the beginning, Tether was launched on the Bitcoin blockchain and could only be traded on that network, but after years of development and expansion, it is now available on commonly-used blockchains.
Since the birth of Tether USD or USDT, there have been more Tether stablecoins created for gold, Euro, Mexican Peso, British Pound Sterling, and offshore Chinese Yuan.
How Tether (USDT) Works
USDT is pegged at a 1:1 ratio with USD. So that users can actually exchange from USD T to USD seamlessly anytime, the company Tether maintains a dollar in cash and assets in reserves for each USDT issued, as well as regulates the supply of USDT through minting and burning.
Even though USDT is the biggest stablecoin in the world and has a clear working mechanism in theory, the transparency and the actual value of its reserves has been a topic of dispute for some time.
How Many Tether (USDT) Tokens Are in Circulation?
USDT does not have a maximum total supply because the amount of USDT issued is dependent on the total value of assets in the Tether's reserve. The current amount of USDT in circulation is 67.95 billion.
How to Buy Tether (USDT)
Consider investing in Tether (USDT)? It only takes 2 minutes to create an account on Bitget and start trading USDT.
Check out the available USDT trading pairs on Bitget!
Futures market
Spot market
Tether (USDT) Resources
Buy Tether in Canada with Bitget
Simple 3-step guide to buying USDT today in Canada
Create your free Bitget account
Select a funding method
Complete your Tether purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Tether using a payment method of your choice:
Buy Tether with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Tether order.
How to buy crypto with credit/debit cardBuy Tether with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Tether is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Tether order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Tether order.Buy Tether with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Tether order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Tether in your Bitget spot wallet
Bitget—where the world trades Tether
How to buy Tether for free
- Learn how to earn Tether for free through the Learn2Earn promotion
- Earn free Tether by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Tether airdrops by joining On-going challenges and promotions
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Buy Tether in a different country
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