Is it possible use USB tethering feature of ios devices as similar to andriod?
No. You cannot do that with an iPhone. If an iPhone is on wifi, it will not share an Internet connection with another entity in relation to tethering. In fact, if you turn on tethering while connected to a wifi, it will disconnect from the wifi automatically before sharing Internet. 

I recommend that you instead pickup an inexpensive USB wireless adapter. I saw another one for as little as $20 (presumably not including shipping).