What Is Tether (USDT)?
Tether (USDT) is the third-largest cryptocurrency by market capitalization (after Bitcoin and Ethereum) and the most widely used stablecoin. As a USD-pegged stablecoin, each USDT maintains a 1:1 valuation with the US dollar.
Originally launched in 2014 as "RealCoin," it was rebranded to Tether later that year. The organization behind USDT is iFinex, a Hong Kong-registered company that also operates the BitFinex exchange. While initially built on the Bitcoin blockchain, USDT now supports multiple leading blockchain networks.
How Does USDT Work?
USDT operates on a 1:1 reserve ratio, meaning every issued token is backed by $1 in cash or assets. Tether Ltd. adjusts supply through minting and burning tokens to maintain this peg. However, debates persist regarding the transparency and adequacy of its reserves.
Current USDT Circulation
There is no maximum supply cap for USDT. As of 2025, 679.5 billion USDT are in circulation, with the number fluctuating based on Tether’s reserve assets.
Step-by-Step Guide to Buying USDT in Malaysia
Step 1: Create a Bitget Account
- Sign up using your email and residential address.
Complete identity verification by submitting:
- Government-issued ID
- A live selfie
Step 2: Fund Your Account
Choose from multiple payment methods:
💳 Credit/Debit Card (Visa/Mastercard)
- Navigate to Buy Crypto > Credit Card
- Enter card details and purchase amount (minimum $5).
📱 Google Pay/Apple Pay
- Select Quick Buy > Third-Party and link your mobile wallet.
🏦 Bank Transfer
- Supports iDEAL (EUR), PIX (BRL), UPI (INR), and more.
↔️ P2P Trading
- Buy USDT directly from sellers using 100+ local payment options.
Step 3: Receive USDT in Your Spot Wallet
After payment, USDT is instantly deposited. Monitor holdings under Assets Overview.
Why Choose Bitget?
- Low Fees: Competitive rates for credit card purchases.
- High Liquidity: Instant transactions with deep market liquidity.
- Security: Compliant operations in Malaysia.
FAQs
Can I buy $1 worth of USDT?
While USDT is divisible, Bitget’s minimum order is $5.
Is USDT a good investment?
Research market trends and stablecoin risks before investing. Bitget Academy offers educational resources.
Where else can I buy USDT?
👉 Explore Alternative Exchanges
Disclaimer: Crypto investments involve risk. Bitget does not provide financial advice.