What is Tether (USDT)?
Tether (USDT) ranks as the third-largest cryptocurrency by market capitalization, following Bitcoin and Ethereum, and holds the title of the most widely used stablecoin. As a dollar-pegged stablecoin, each USDT maintains a 1:1 ratio with the US dollar, ensuring stable value retention.
Originally launched in 2014 as RealCoin, it was rebranded to Tether later that year. The organization behind USDT, iFinex, also operates the BitFinex exchange. Initially built on the Bitcoin blockchain, USDT now operates across multiple blockchains for broader accessibility.
Beyond USD-backed USDT, Tether offers stablecoins pegged to gold, euros, Mexican pesos, British pounds, and offshore Chinese yuan.
How Tether (USDT) Works
USDT maintains its 1:1 peg to the US dollar through reserves held by Tether Limited. The company adjusts supply by minting new tokens when demand increases and burning them when redeemed. Despite its dominance, USDT’s reserve transparency has faced scrutiny over the years.
Current USDT Circulation
There is no maximum supply cap for USDT—its circulation depends on the total value of assets held in Tether’s reserves. As of now, 679.5 billion USDT are in circulation globally.
How to Buy Tether (USDT) in Peru
Investing in USDT is straightforward and can be done in minutes via reputable platforms like Bitget. Here’s a step-by-step guide:
Step 1: Create a Bitget Account
- Visit Bitget’s official website or download the app.
- Sign up with your email and verify your identity for compliance.
Step 2: Fund Your Account
Choose from multiple deposit methods:
- Credit/Debit Card: Visa, Mastercard, or Discover (minimum $5).
- Google Pay/Apple Pay: Instant transfers with zero fees.
- Bank Transfers: Supports SEPA, PIX, UPI, and more.
- C2C Trading: Trade directly with other users using local payment options.
Step 3: Purchase USDT
- Navigate to "Buy Crypto" and select USDT.
- Enter the amount (minimum $5 for spot trading).
- Confirm the transaction—your USDT will reflect instantly in your Bitget wallet.
👉 Start buying USDT securely today
Why Choose Bitget?
- Low Fees: Competitive trading fees starting at 0.1%.
- High Liquidity: Ensures smooth transactions even during volatile markets.
- Security: Regulatory compliance and robust asset protection.
FAQs About Buying USDT
Can I buy $1 worth of USDT?
While USDT is divisible, Bitget requires a minimum order of $5 for spot trades.
Is USDT a good investment?
As a stablecoin, USDT is ideal for hedging against crypto volatility rather than speculative gains. Always conduct personal research before investing.
Where can I store USDT securely?
Bitget’s built-in wallet offers secure storage, or transfer USDT to a private hardware wallet for added safety.
How do I sell USDT in Peru?
Selling USDT follows the same process—swap it for fiat via your preferred withdrawal method on Bitget.
Final Tips
- Bookmark Bitget’s price page for real-time USDT updates.
- Leverage Bitget’s educational resources like Bitget Academy for market insights.
Ready to dive into stablecoins? 👉 Explore USDT trading pairs now!