What is the current price of Tether (USDT)?

The current price of Tether (USDT) is 1.5473319364533582 AUD, representing a -0.34 from the day prior.

Can I buy Tether (USDT) on Coinstash?

Yes - you can easily buy and sell Tether (USDT) on Coinstash. Simply login or sign up, to start buying Tether (USDT) in minutes.

Where is the best place to buy Tether (USDT) in Australia?

The best place to buy Tether (USDT) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Tether (USDT) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.

What is the daily trading volume of Tether (USDT)?

The trading volume of Tether (USDT) is 28.8B AUD in the last 24hrs, representing a -0.34 from the day prior.

How can I buy Tether (USDT)?

Tether (USDT) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.

What is the market cap of Tether (USDT)?

The current market cap of Tether (USDT) is 230.9B AUD.

Can I convert Tether (USDT) to cash?

Yes - With Coinstash you can convert your Tether (USDT) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.

How many Tether (USDT) are there?

The current circulating supply of Tether (USDT) is 149.4B.

Is Coinstash a safe place to buy Tether (USDT) in Australia?

Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Tether (USDT) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.

Buy Tether (USDT)

What is USDT?

USDT is a stablecoin issued by Tether and designed to maintain a stable value by pegging its worth to the US dollar at a 1:1 ratio. It combines the benefits of cryptocurrency—such as fast transactions and blockchain security—with the stability and reliability of traditional currencies, making it a less volatile digital asset for trading, payments, and other use cases.

How does USDT work?

USDT operates on a blockchain-enabled platform and uses a multi-layered architecture for stability and transparency. It primarily interacts with blockchains like Bitcoin through the Omni Layer Protocol, which manages the creation and destruction of USDT tokens (Tether). Over time, USDT has expanded to interact with multiple chains, including Ethereum (ERC-20), Tron (TRC-20), Binance Smart Chain (BEP-20), Solana, Polygon, Avalanche, Algorand, EOS, Fantom, and Kusama. If you want to buy USDT, its broad compatibility makes USDT easy to use and widely available across the cryptocurrency ecosystem. As the largest stablecoin by market capitalisation, it plays a critical role in providing liquidity and stability to the crypto market. This setup ensures that every USDT token (Tether) is fully backed by an equivalent amount of fiat currency in reserve, with its backing verified through a Proof of Reserves mechanism.

What are the potential use cases for USDT?

USDT's use cases include:

Trading and Hedging: As a stable asset, it assists in hedging against cryptocurrency market volatility.
Decentralised Finance (DeFi): Utilised for liquidity and stability in lending, borrowing, and other DeFi services.
Cross-Border Transfers: Facilitates quick, efficient international payments without intermediaries.
Payment Solutions: USDT can be used for seamless crypto payments, making transactions more accessible.
Diversification: It supports multiple sectors like data, finance, and education as it expands its application range.

What is the history of USDT?

USDT was launched in 2014 and initially named Realcoin. It was created by Brock Pierce, Reeve Collins, and Craig Sellars, with tokens first issued on the Bitcoin blockchain. Over time, USDT expanded its token issuance to multiple blockchains and grew significantly in the market. By the end of 2021, USDT became the largest stablecoin with a vast market share. Major developments include the launch of stablecoins pegged 1-to-1 with currencies like the euro and UAE dirham, along with the introduction of Hadron, a tokenisation platform.

Can I buy USDT on Coinstash?

Yes, you can easily buy USDT on Coinstash using our desktop or mobile app. Simply log in or complete the signup process, fund your account, and you are ready to buy USDT.