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USDT Price Live Data ( Tether )
USDT is on the decrease this week
Tether price today is NGN 1,339.64 with a 24-hour trading volume of NGN 83,367,206,501,238. Tether is down -0.39% in the last 24 hours. Over the past hour the price of USDT has risen by +0.01%. The total supply of USDT is $189,208,525,270.94 and the current circulating supply is set at $183,741,587,995.22. The current Coingecko ranking of USDT is 3.
As of today at 4:05 PM , converting 1 Tether (USDT) to NGN using TabTrader, based on the CoinGecko conversion rate, gives you an equivalent value of 1339.64 NGN. The current exchange rate is 1 USDT = NGN 1,339.64 NGN, while 1 NGN equals USDT.
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Latest USDT to NGN price calculator
Trade Effortlessly with TabTrader
Our app offers seamless trading on 22 exchanges with over 20,000 assets available.
About Tether (USDT)
USDT (Tether) is the world’s largest stablecoin by market capitalization. It was founded in 2014 by the company Tether Limited.
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.
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.
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.
Tether (USDT) currently has a market capitalization of NGN 246,162,596,729,534.00
The current circulating supply of Tether (USDT) is $183,741,587,995.22
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.
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.