What security measures does Swyftx implement?

Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security. Swyftx also conducts regular security audits. You can find more information on our security practices here.

What deposit methods does Swyftx support?

You can deposit Australian dollars (AUD) into Swyftx via a number of methods including: Bank transfer OSKO PayID Credit or debit card Swyftx also allows you to deposit cryptocurrency from another wallet into your account.

What are Swyftx's trading fees?

Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.

Buy Tether USD

USDT

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Tether USD Price

About Tether USD (USDT)

USDT is not like cryptocurrencies such as Bitcoin and Ethereum. It is a stablecoin designed to maintain a value of one United States dollar, rather than fluctuate with the market. Issued by Tether Limited and launched in 2014, it is the largest stablecoin by market capitalisation and one of the most traded digital assets in the world by daily volume.

USDT is available on multiple blockchain networks including Ethereum (ERC-20), Tron (TRC-20), Solana, and Avalanche. Each version is functionally the same asset but operates on a different protocol, inheriting the individual ecosystem's transaction speeds and costs. TRC-20 USDT on Tron is particularly popular for transfers due to its near-zero fees. The current USDT/AUD exchange rate is displayed live on this page, reflecting both the USDT peg and the prevailing AUD/USD foreign exchange rate. In Australia, individuals can purchase USDT using AUD through PayID transfers on AUSTRAC-registered platforms like Swyftx.

USDT to AUD

The live USDT/AUD rate is shown above. Because USDT is pegged to the US dollar, its AUD price is primarily a reflection of the AUD/USD exchange rate rather than crypto market dynamics. When the Australian dollar weakens against the US dollar, the AUD price of USDT rises, and vice versa.

Some participants hold USDT as a way to park capital in a dollar-denominated digital asset during periods of cryptocurrency market uncertainty. Others use it as a transfer and settlement medium for cross-border payments or as the base currency for trading between cryptocurrency pairs.

How to convert USDT to AUD

Converting USDT back to AUD is done through the same trading interface. Sell your USDT for AUD, then withdraw the AUD to your linked bank account. The conversion rate reflects the current AUD/USD exchange rate at the time of the trade.

How USDT maintains its peg

Tether Limited publishes periodic attestation reports detailing the reserves backing USDT in circulation. These reserves include US Treasury bills, cash and cash equivalents, secured loans, and other investments. The peg is maintained through a combination of reserve backing and market arbitrage: when USDT trades slightly below $1, arbitrageurs buy it below market rate and redeem it from Tether for $1, and when it trades above $1, they mint new USDT and sell it.

The peg has historically held close to $1.00, with brief deviations during periods of extreme market stress. These deviations have typically been temporary and the peg has consistently recovered, however, there are still real de-pegging risks to consider.

USDT vs USDC

Both are dollar-pegged stablecoins, but they differ in issuer, transparency practices, and regulatory posture.

Feature	USDT (Tether)	USDC (Circle)
Issuer	Tether Limited	Circle Internet Financial
Reserve reporting	Periodic attestation reports	Monthly third-party audited reports
Primary networks	Ethereum, Tron, Solana	Ethereum, Solana, Base
Market position	Largest stablecoin globally	Second-largest stablecoin
Regulatory approach	Registered in multiple jurisdictions	US-regulated, state money transmitter licences

Resources

tether.to

@Tether_to

r/Tether

How to Buy Tether USD (USDT) in Australia

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Tether USD FAQs

Tether USD FAQs
Swyftx FAQs

What does USDT mean?

USDT stands for "USD Tether." It is a digital token designed to maintain a stable value of one US dollar, backed by reserves held by Tether Limited.

How is Tether USD unique?

The main factor that makes Tether USD unique is that its value is pegged to the US dollar. Tether claims that it is able to do this by ensuring USDT is fully backed by cash and cash equivalents. This means that whenever Tether issues USDT tokens, the same amount of US dollars or cash equivalent products are allocated to its reserves.

Cryptocurrency markets can often be very volatile, making them too unreliable to be exchanged and stored as value. USDT, being a stablecoin, mitigates this risk and is protected from these fluctuations. Therefore, a lot of businesses and establishments accept transactions made in USDT.

Is USDT the same as USD?

No. USDT is a digital token, not US currency. It is designed to track the value of one US dollar, but it is issued by a private company (Tether Limited) and backed by a reserve of assets, not by a central bank. It’s worth noting eligible customers can redeem their USDT for USD at a 1:1 ratio (not including potential fees).

How does Tether USD maintain a 1:1 ratio with the US Dollar?

Tether USD maintains a 1:1 USD peg so that when people buy USDT they are essentially buying a digital equivalent of the US Dollar. Tether claims that every USDT token in circulation is fully backed by real fiat currency (USD) in its reserves. Some sceptics continue to question USDT’s reliability as a stablecoin, however, Tether continues to be transparent with how it has maintained a 1:1 ratio over all these years. You can view Tether’s current balances on its transparency page.

Can you buy USDT in Australia?

USDT can be purchased in Australia using AUD. Investors typically fund their accounts on an AUSTRAC-registered exchange via a PayID transfer. The USDT/AUD price reflects the AUD/USD exchange rate.

How to buy Tether USD (USDT) in Australia?

You can easily buy Tether USD (USDT) on Swyftx’s Australian crypto trading platform. First, you’ll need to create an account and complete your ID verification. Once your account has been set up, you can deposit AUD via bank transfer, PayID, or debit card. After your deposit clears, you can then use this to buy USDT and other crypto assets. Simply enter the amount of Tether you’d like to buy (or the AUD equivalent) and confirm your purchase. Once your funds have been cleared and you’ve been sent confirmation of your purchase, your Tether USD will be stored in the crypto wallet integrated with your account.

Where is the best place to buy Tether USD?

The best place to buy Tether USD is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Tether USD and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be one of Australia's highest-rated crypto exchanges as per our TrustPilot reviews.

How is the price of Tether USD determined?

The price of Tether USD is determined by the forces of supply and demand in the market. Similar to other assets, the price of Tether USD is determined by the number of buyers and sellers in the market at any given time.

Some significant factors that can influence the demand for Tether USD are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.

Can I buy Tether USD with credit card?

Yes, you can buy Tether USD and other listed cryptocurrencies directly with a credit or debit card on Swyftx using our Quick Buy menu. The card feature is facilitated by our third-party provider, Stripe, and may incur additional fees.

USDT Buys and Sells

By number of orders

62%
Buys

38%
Sells

Period: Last 24 hours

This should not be used to make investment decisions.

Disclaimer: The information is for general information purposes only and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to, buy or sell any assets. It has been prepared without regard to any particular investment objectives or financial situation and does not purport to cover any legal or regulatory requirements. Customers are encouraged to do their own independent research and seek professional advice. Swyftx makes no representation and assumes no liability as to the accuracy or completeness of the content. Any references to past performance are not, and should not be taken as a reliable indicator of future results. Make sure you understand the risks involved in trading before committing any capital. Never risk more than you are prepared to lose. Consider our Terms of Use and Risk Disclosure Statement for more.