What are Tether and USD₮?
Tether is a stablecoin: a digital token designed to track the value of a traditional currency. The US dollar (USD) Tether token, USD₮, is described by Tether as pegged 1-to-1 with the US dollar.
Tether tokens are built on multiple blockchains. In simple terms, they can move as blockchain tokens while being pegged to a real-world currency.
Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
How to buy Tether in the US
In the Crypto.com App, the basic flow is:
- Create an account and complete identity verification.
- Deposit funds or choose a supported payment method.
- Tap 'Buy', search for Tether and select it.
- Enter the amount you want to spend.
- Review the order details and confirm when you’re ready.
How much Tether can you buy?
You don’t need to buy a whole token. US users can purchase fractional amounts of Tether for as little as US$1 in the Crypto.com App.
Weekly limits apply to One-Time orders and depend on account status. These limits are shared across Limit Order and Recurring Buy trading volumes.
What payment methods can you use for Tether?
Payment options for buying Tether in the US can include USD funds, credit/debit card, Apple Pay, Google Pay or crypto in the App.
Depositing USD by Local Bank Transfer can help you avoid foreign exchange (FX) fees when buying Tether in USD; other transaction fees and spread may apply.
For One-Time orders, the conversion rate is valid for 15 seconds. If you don’t confirm within that time, the rate refreshes.
