What are Tether and USD₮?
Tether is a stablecoin: a digital asset designed to track a traditional currency. Its US dollar token, USD₮, aims to hold a 1-to-1 value with the US dollar.
Tether tokens also exist as digital tokens built across several blockchains, rather than on a single network.
Although the term "stablecoin" is widely used, there is no guarantee that the asset will maintain a stable value against the reference asset when traded on secondary markets, or that the reserve of assets, if there is one, will be sufficient to satisfy all redemptions.
How to buy Tether in the UAE
In the Crypto.com App, the basic steps are:
- Sign up and verify your identity.
- Top up your account with an available funding method.
- Go to the trading screen, select Tether and complete the transaction.
You can start with as little as 10 AED.
What payment methods can I use for Tether?
You can fund your account with a bank transfer in AED, a Swift transfer in USD, a debit or credit card (Visa or Mastercard), Apple Pay, Google Pay or a crypto deposit from another wallet.
Bank transfers in AED and Swift transfers in USD are free on Crypto.com, while crypto deposits may incur other charges. Before you can withdraw AED, you need to make at least one AED deposit, and before you can withdraw USD by SWIFT you need to make at least one USD SWIFT deposit, as required by regulation.
Buying and holding Tether vs day trading
Buying and holding Tether generally means holding it for the longer term.
Day trading means actively buying and selling Tether over short timeframes, usually within the same day, to try to profit from price movements. It takes more time, skill and risk management, as the outcomes depend heavily on timing and market swings.
Check the details before confirming any order.