Some cryptocurrencies are available on different blockchains, so we have extended the presence of one of the most popular stablecoins USDT, while making it buyable on 3 more blockchains.
Previously, our website only made USDT available on Tron (TRC-20). However, today, users from 187 countries can get this stable cryptocurrency on three more blockchains — Avalanche, Polygon, and Ethereum (ERC-20). Thus, USDT tokens are purchasable on 4 blockchains.
For the convenience of our users, they can buy USDT by Tether with the help of 25 fiat currencies and 10+ payment methods. Moreover, to make the purchase faster for new users, it is worth noting that our AI-powered KYC module makes it possible to complete identity verification in less than 3 minutes.
USDT, or United States Dollar Tether, is one of the first and oldest stablecoins on the crypto market released back in 2014. It is worth indicating that being a stable cryptocurrency, USDT is pegged to the US Dollar and maintains a ratio of 1:1 with that fiat currency. To have a stable ratio, Tether uses its reserve funds and 100% back the token with the fiat equivalent. All information related to reserves and the current balances is published daily in the format of reports.
The USDT stablecoin is based on the Omni Layer open-source protocol, which communicates with the blockchain and provides Bitcoin-based cryptocurrency tokens to be issued and redeemed. With the help of USDT, users can transfer the issued tokens, buy any other cryptocurrencies, or store USDT tokens in any wallet that supports Omni Layer. The essential idea of the token is to play a role of a reliable and secure repository of monetary funds rather than to be a good investment.
As of December 2022, the market capitalization of USDT consists of $65.57 billion, while 65,57 billion USDT tokens are presently in circulation. According to CoinMarketCap, the USDT token takes the 3rd position in its ranking list.
To buy USDT on Avalanche, Polygon, Ethereum (ERC-20), and Tron (TRC-20) at Utorg, it is necessary to follow a simple instruction that consists of two elementary steps:
The first step requires you to make a purchasing order while filling in the required fields. The service needs the following information: the currency pair, which includes a fiat currency from one side — whether it is EUR, USD, or any other currency, and USDT (on Avalanche, Polygon, Ethereum, or Tron) as a preferred cryptocurrency; the number of USDT stablecoins to be purchased; and your actual USDT crypto wallet.
The second step suggests you make a payment. It is necessary to fill in your bank account details and confirm the payment with the help of the most convenient payment method. Over 10 payment options are available for the users. The list includes the most commonly used ways like Visa, Mastercard, Google Pay, Apple Pay, and other local options.
All new users must pass one-time identity verification to be allowed to buy USDT by Tether. Just upload either a copy of your valid passport or driving license and make a few turns of your head in front of your working web camera/selfie camera. While rotating your head, it is possible to switch your devices: from your PC to your smartphone and vice versa.