USDT Price Live Data ( Tether )
USDT is on the rise this week
Tether price today is NGN1,640.24 with a 24-hour trading volume of NGN72,870,087,114,294. Tether is down -0.95% in the last 24 hours. Over the past hour the price of USDT has risen by +0.01%. The total supply of USDT is $118,326,711,269.07 and the current circulating supply is set at $118,326,711,269.07. The current Coingecko ranking of USDT is 3.
Market cap
$194.16T
Circulating supply
$118.33B
Volume (24h)
$72.87T
Fully Diluted Market Cap
$118.46B
As of today at 4:18 AM , converting 2500 Tether (USDT) to NGN using TabTrader, based on the CoinGecko conversion rate, gives you an equivalent value of đ 4100600 NGN. The current exchange rate is 1 USDT = NGN1,640.24 NGN, while 1 NGN equals USDT.
About Tether (USDT)
What is a Tether (USDT)?
USDT (Tether) is the worldâs largest stablecoin by market capitalization. It was originally founded in 2014 by a Hong Kong-based company called Tether Limited under the name Realcoin.
Stablecoins are a type of cryptocurrency designed to maintain a stable market price. The goal of stablecoins is to provide an alternative to the high volatility that most crypto assets are known for.
Originally built on top of the Bitcoin blockchain, USDT (Tether) was later also launched on the Ethereum, EOS, Tron, Algorand, and OMG blockchains.
How Does Tether (USDT) Work?
USDT (Tether) is a fiat-backed stablecoin pegged 1:1 to the U.S. dollar, which means that for every USDT that goes into circulation, the USDT issuing company tops up its reserve with one U.S. dollar as collateral.
What is Tether (USDT) Market Cap?
Tether (USDT) currently has a market capitalization of NGN194,161,981,608,352.00.
What is Tether (USDT) Market Supply?
The current circulating supply of Tether (USDT) is $118,326,711,269.07.
Are USD and USDT the Same?
USD and USDT are not the same. Tether is a cryptocurrency issued by Tether Limited that tracks the price of the US Dollar (USD) â the U.S. national currency issued by the U.S. government.
Is USDT safe to buy?
Tether claims that every USDT coin in circulation is backed by one US Dollar. The company displays their bank balance for the total amount of USD and EUR they have in reserve on their official website.
What is USDT good for?
As with any other stablecoins, USDT is widely used in cryptocurrency trading as it provides a reliable store of value and can help reduce risk when trading volatile assets.
How Can I Buy Tether (USDT)?
It is possible to buy Tether (USDT) on a large number of cryptocurrency exchanges. The TabTrader app aggregates 30+ major cryptocurrency exchanges and allows its users to monitor 20K+ trading instruments in real time.
