How does Tether work?

At launch, Tether was built using the Omni Layer Protocol, which allows digital assets and other smart contracts to be created on top of the Bitcoin blockchain. All Tether tokens are backed on a one-to-one basis with the U.S. dollar, with collateral held in reserve. The circulating supply of USDT can be tracked by the protocol, and the ledger is also stored on the Bitcoin blockchain, with verified transactions viewable via Omni Explorer. When someone redeems USDT for dollars, the corresponding number of tokens are burned — and when someone purchases USDT, new tokens are minted. Tether has now expanded to allow USDT to work on other blockchains including TRON, Ethereum and EOSIO. As the tokens are backed by a government-issued fiat currency, the price of USDT should always remain stable. Through the use of USDT, traders can park their funds when markets are particularly volatile without having to cash out entirely. It's also a lot quicker and cheaper to exchange crypto to crypto, rather than crypto to fiat.

Where can I buy USDT?

If you want to add USDT to your portfolio, you can do it right here at OKEx. To buy USDT, you'll first need to sign up on OKEx, where you can buy, sell or trade USDT for a whole host of other cryptocurrencies. You can buy USDT easily via OKEx using a debit or credit card, a bank transfer, Apple Pay or a number of other payment methods. Click on the Buy/Sell tab in the top navigation bar, then select USDT and the fiat currency you want to use to make the purchase. From here, USDT can serve as your gateway to hundreds of other cryptocurrencies.

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How to buy USDT?
Here's how.

Select the fiat currency you want to purchase with and USDT from the dropdown menu under the "Buy" tab. Then, enter the amount of fiat currency you want to spend or the amount of USDT you want to buy.
Choose your preferred payment method.
Once the payment is confirmed, your purchased USDT will automatically be transferred to your OKX account.

What is Tether

USDT operates on multiple blockchains, allowing for quick and easy transfers that are recorded and traceable. This is a big selling point for anyone who deals in fiat but wants to utilize the benefits of blockchain technology.

Stablecoins serve as an effective bridge from fiat to crypto because they can interact with other digital assets while offering low fees and fast transaction times. They also enable people to send money anywhere in the world without needing to use banks or financial institutions, which could be slow and costly.

Why buy Tether with OKX?

OKX is the best platform to buy Tether.

Simple
OKX makes it easy to buy Tether with a user-friendly interface
Flexible
OKX offers a variety of payment methods and supports numerous local currencies to help users buy Tether
Fast
OKX users can instantly buy Tether with credit card and have it deposited in their account in minutes

Why should I buy USDT on OKEx?

USDT is one of the most popular stablecoins, allowing crypto traders and investors to protect their holdings from volatility. OKEx supports a host of stablecoins, including USDT, and has hundreds of crypto assets paired against it. This means, buying USDT on OKEx gives you access to hundreds of digital assets listed for trading, including BTC and ETH.

Moreover, OKEx users can buy USDT directly against their preferred fiat currencies using the options on this page. Simply select your fiat currency, USDT and your preferred mode of payment (such as a credit card) and click on "Buy USDT".

Your USDT will be deposited in your account almost instantly after your order is complete. You can then use USDT to trade and buy other digital assets or take advantage of one of the passive income offers available for USDT holders on OKEx Earn.

To access OKEx Earn, click on "Finance" on the OKEx homepage menu and select "Earn". You can then search for USDT and select available offers based on your preferred APY.

Flexible payment methods

OKEx supports buying USDT through major payment methods such as credit cards, debit cards and a large number of trading pairs with other cryptocurrencies. Our P2P trading service also allows you to buy USDT from other users against varying offers.

Easy staking for high APY

USDT holders can start earning passive income with their tokens on OKEx Earn. This service has varying offers with fixed and flexible terms and attractive APYs.

Secure and reliable

Buying USDT on OKEx is a secure and intuitive process on both the app and web interfaces. All of our users benefit from our industry-leading security protocols that ensure the safety of user funds.

FAQ

What is Tether (USDT)?
USDT is a stablecoin — a type of cryptocurrency that remains “tethered” to the price of the U.S. dollar. For every USDT, there should be an equivalent amount held safely by Tether Limited.

Tether was created to serve as a safe haven in a volatile crypto market, enabling users to easily store funds and avoid intense price fluctuations. It was designed to work like a digital dollar, merging the stability of a nonvolatile asset with the technological capabilities of a cryptocurrency.

Through the use of USDT, merchants, traders and individuals can send or receive money anywhere in the world, without using a middleman like a bank or incurring huge fees. Tether has also enabled crypto exchanges to provide more trading pairs, which has opened the gateway for more liquidity.
How does Tether work?
At launch, Tether was built using the Omni Layer Protocol, which allows digital assets and other smart contracts to be created on top of the Bitcoin blockchain. All Tether tokens are backed on a one-to-one basis with the U.S. dollar, with collateral held in reserve. The circulating supply of USDT can be tracked by the protocol, and the ledger is also stored on the Bitcoin blockchain, with verified transactions viewable via Omni Explorer.

When someone redeems USDT for dollars, the corresponding number of tokens are burned — and when someone purchases USDT, new tokens are minted.

Tether has now expanded to allow USDT to work on other blockchains including TRON, Ethereum and EOSIO.

As the tokens are backed by a government-issued fiat currency, the price of USDT should always remain stable. Through the use of USDT, traders can park their funds when markets are particularly volatile without having to cash out entirely. It's also a lot quicker and cheaper to exchange crypto to crypto, rather than crypto to fiat.
Where can I buy USDT?
If you want to add USDT to your portfolio, you can do it right here at OKEx.

To buy USDT, you'll first need to sign up on OKEx, where you can buy, sell or trade USDT for a whole host of other cryptocurrencies.

You can buy USDT easily via OKEx using a debit or credit card, a bank transfer, Apple Pay or a number of other payment methods. Click on the Buy/Sell tab in the top navigation bar, then select USDT and the fiat currency you want to use to make the purchase.

From here, USDT can serve as your gateway to hundreds of other cryptocurrencies.

Want to learn more before you buy USDT?

Get detailed information about cryptocurrencies listed on OKX, including their tech, founders and price history.

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