Understanding Tether (USDT)
Tether (USDT) is the third-largest cryptocurrency by market capitalization, trailing only Bitcoin and Ethereum. As the most widely used stablecoin, USDT is pegged 1:1 to the US dollar, meaning each USDT token is backed by $1 in reserves.
Originally launched in 2014 as RealCoin, USDT operates across multiple blockchains and is issued by iFinex, the Hong Kong-based company behind BitFinex exchange. Beyond USD-backed USDT, Tether also offers stablecoins pegged to gold, euros, and other fiat currencies.
How Tether (USDT) Works
- Peg Mechanism: Each USDT is backed by $1 in cash or liquid assets.
- Supply Control: Tether mints/burns tokens to maintain the 1:1 peg.
- Transparency Concerns: Despite its dominance, USDT's reserve audits remain debated.
Current Circulation: 679.5 billion USDT (as of July 2025).
Step-by-Step Guide to Buying USDT in Brunei
Step 1: Create a Bitget Account
- Visit Bitget's official website.
- Register with your email and residential details.
- Complete KYC verification for full platform access.
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Step 2: Fund Your Account
Choose from multiple deposit methods:
- Credit/Debit Cards: Visa/Mastercard (zero fees for first-time buyers).
- E-Wallets: Google Pay, Apple Pay, or local options like DANA (Indonesia).
- Bank Transfers: Supports SEPA, PIX, UPI, and more.
- C2C Trading: Peer-to-peer transactions with 100+ payment options.
Step 3: Purchase USDT
- Navigate to "Quick Buy" and select USDT.
- Enter amount (minimum $5 for spot markets).
- Confirm transaction—USDT will reflect instantly in your wallet.
Why Buy USDT in Brunei?
- Stability: Hedge against crypto volatility with dollar-backed assets.
- Liquidity: USDT pairs available across Bitget's contract/spot markets.
- Low Fees: Competitive trading fees starting at 0.1%.
Free Ways to Earn USDT
- Referral Program: Invite friends to earn USDT rewards.
- Airdrops: Convert free crypto earnings to USDT via Bitget Swap.
FAQs
Can I buy $1 worth of USDT?
While USDT is divisible, Bitget's minimum order is $5 for spot markets.
Is USDT safe to hold?
USDT maintains its peg through reserves, though users should monitor audit reports.
Where else can I buy USDT?
Major exchanges like Binance and OKX offer USDT, but Bitget provides Brunei-specific accessibility.
Explore More
- Other Stablecoins: Compare USDT with USDC, BUSD, and DAI.
- Global Purchases: Bitget supports USDT buying in 100+ countries.
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