Convert USDT to NGN

About Tether (USDT)

What is a Tether (USDT)?

USDT (Tether) is the world’s largest stablecoin by market capitalization. It was founded in 2014 by the company Tether Limited.

How Does Tether (USDT) Work?

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.

What Is the Market Cap of Tether (USDT)?

USDT (Tether) is deployed across a variety of blockchains, including Ethereum, EOS, Tron, Algorand, Avalanche, Celo, Cosmos, Liquid Network, Near, Polkadot, Solana, Tezos, and Ton.

What is Tether’s Circulating Supply?

USDT (Tether) is a fiat-backed stablecoin pegged 1:1 to the U.S. dollar. To maintain this peg, the issuing company holds reserves, such as cash and cash equivalents, that match the total number of USDT tokens in circulation.

Are USD and USDT the Same?

Tether (USDT) currently has a market capitalization of NGN 216,794,219,641,420.00

Is USDT safe to buy?

The current circulating supply of Tether (USDT) is $139,872,815,646.94

What is USDT good for? 

USD and USDT are not the same. USD is the official currency issued by the U.S. government, while USDT is a cryptocurrency issued by Tether Limited that is designed to mirror the value of the U.S. Dollar.

How Can I Buy Tether (USDT)?

Tether claims that every USDT token in circulation is backed 1:1 by reserves, which include a combination of cash, cash equivalents, and other assets. To provide transparency, the company publicly displays its total reserve balance on the official website.