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USDT/NZD: Convert Tether (USDT) to New Zealand Dollar (NZD)

1 Tether equals NZ$1.63 New Zealand Dollar

Last update: 5:36 PM, June 18, 2024

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Overview

About Tether (USDT)

Tether (USDT) is an Ethereum token that is pegged to the value of a U.S. dollar (also known as a stablecoin). Tether’s issuer claims that USDT is backed by bank reserves and loans which match or exceed the value of USDT in circulation. Important note: at this time, Coinbase only supports USDT on the Ethereum blockchain (ERC-20). Do not send USDT on any other blockchain to Coinbase.

Tether (USDT) is a digital currency platform that was launched in 2014 with the aim of facilitating the use of traditional fiat currencies in a digital format. It seeks to provide a more modern approach to money, disrupting the conventional financial system. Tether has made strides by enabling customers to transact with traditional currencies across the blockchain, without the typical volatility and complexity associated with digital currencies. Tether's USD₮ token is a digital dollar, powered by blockchain technology, and is pegged 1:1 to the USD. This stablecoin provides individuals and organizations with a robust and decentralized method of exchanging value while using a familiar accounting unit.

Tether operates as digital tokens built on several leading blockchains, including Algorand, Avalanche, Bitcoin Cash’s Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Polygon, Tezos, Tron, Solana, Kava, and Statemine. These transport protocols consist of open-source software that interfaces with blockchains to allow for the issuance and redemption of Tether tokens. Every Tether token is backed 100% by Tether's reserves, and Tether publishes a record of the current reserve assets, maintaining transparency.

Tether's unique feature is that its value is guaranteed to remain pegged to the U.S. dollar. This property makes Tether a safe haven for crypto enthusiasts during periods of high volatility, as they can park their portfolios in Tether without having to completely cash out into USD. Additionally, Tether provides a simple way to transact a U.S. dollar equivalent between regions, countries, and even continents via blockchain, without having to rely on a slow and expensive intermediary, like a bank or a financial services provider.

Tether, initially known as Realcoin, was launched in 2014 by Brock Pierce, Reeve Collins, and Craig Sellars. Brock Pierce is a renowned entrepreneur who has co-founded several high-profile projects in the crypto and entertainment industries. Reeve Collins was the CEO of Tether for the first two years of its existence and has co-founded several successful companies. Craig Sellars has been a member of the Omni Foundation for over six years and has worked in several other cryptocurrency companies and organizations. Over the years, Tether has faced controversies regarding the validity of their USD reserves, at times disrupting USDT’s price. Despite these challenges, Tether has continued to grow and expand its operations.

How Tether (USDT) and New Zealand Dollar (NZD) differ

Tether (USDT) and the New Zealand Dollar (NZD) are both mediums of exchange, but they operate in fundamentally different ways. Tether, launched in 2014, is a digital currency that aims to mirror the value of the US dollar, providing a stable value in the often volatile cryptocurrency market. It operates on several leading blockchains, including Ethereum and Bitcoin Cash's Simple Ledger Protocol, and every Tether token is backed 100% by Tether's reserves. On the other hand, the New Zealand Dollar is a traditional fiat currency issued and regulated by the Reserve Bank of New Zealand. Unlike Tether, the NZD's value is not pegged to another currency but fluctuates based on economic factors such as inflation, interest rates, and geopolitical events. While Tether provides a decentralized method of exchanging value, the NZD operates within a centralized financial system. Furthermore, Tether transactions can be conducted globally without intermediaries, while NZD transactions may require banks or financial service providers, especially for international transfers.

Tether Markets

Tether is climbing this week.

The current price of Tether is NZ$1.63 per USDT. With a circulating supply of 112,552,589,019.021 USDT, it means that Tether has a total market cap of NZ$183,142,589,244.19. The amount of Tether traded has risen by NZ$52,376,829,946.60 in the last 24 hours, which is a 41.89% increase. Additionally, in the last day, NZ$125,039,791,660.41 worth of USDT has been traded.

Market cap

$183.1B

Volume (24h)

$125.0B

Circulating supply

112.6B USDT

FAQ

How much is 1 Tether in NZD?

Right now, 1 Tether is worth about NZ$1.63.

How much USDT could I buy for 1 NZD?

Based on the current rate, you could get 0.61 USDT for 1 NZD.

How much has the price of Tether changed?

Tether price has been on the rise. Since yesterday, the exchange rate of Tether has increased. Since last month, the exchange rate of Tether has decreased. Since this time last year, the price of Tether has decreased.

How do I calculate or convert USDT to NZD?

You can use our USDT to NZD calculator at the top of this page to convert any amount of USDT to NZD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 NZD is equivalent to 3.07 USDT. Inversely, 5 USDT will cost about 8.13 NZD.

How can I buy 1 Tether on Coinbase?

Tether is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Tether.

What are assets similar to Tether that I can buy?

There are a number of crypto assets that have the a similar or comparable market cap to Tether, including Bitcoin, Ethereum, and BNB. For a more robust list of assets to explore, jump to the asset page dedicated to Tether.

Conversion tables

The exchange rate of Tether is increasing.

The current value of 1 USDT is NZ$1.63 NZD. In other words, to buy 5 Tether, it would cost you NZ$8.13 NZD. Inversely, NZ$1.00 NZD would allow you to trade for 0.61 USDT while NZ$50.00 NZD would convert to 30.73 USDT, not including platform or gas fees.

In the last 7 days, the exchange rate has increased by 0.01%. Meanwhile, in the last 24 hours, the rate has changed by 0.02%, which means that the the highest exchange rate of 1 USDT to New Zealand Dollar was 1 NZD and the lowest 24 hour value was 1 USDT for 0.99926 NZD. This time last month, the value of 1 USDT was NZ$1.63 NZD, which is a 0.05% increase from where it is now. Looking back a year, Tether has changed by NZ$0.00 NZD. That means that in a single year, the value of Tether has shrank by 0.01%.

USDT to NZD

Amount
Today at 5:36 pm
0.5 USDT
NZ$0.81
1 USDT
NZ$1.63
5 USDT
NZ$8.13
10 USDT
NZ$16.27
50 USDT
NZ$81.35
100 USDT
NZ$162.70
500 USDT
NZ$813.50
1,000 USDT
NZ$1,627.00

NZD to USDT

Amount
Today at 5:36 pm
0.5 NZD
0.31 USDT
1 NZD
0.61 USDT
5 NZD
3.07 USDT
10 NZD
6.15 USDT
50 NZD
30.73 USDT
100 NZD
61.46 USDT
500 NZD
307.31 USDT
1,000 NZD
614.63 USDT

Today vs. 24 hours ago

Amount
Today at 5:36 pm
24 hours ago
24H Change
0.5 USDT
NZ$0.81
NZ$0.81
+0.02%
1 USDT
NZ$1.63
NZ$1.63
+0.02%
5 USDT
NZ$8.13
NZ$8.13
+0.02%
10 USDT
NZ$16.27
NZ$16.27
+0.02%
50 USDT
NZ$81.35
NZ$81.33
+0.02%
100 USDT
NZ$162.70
NZ$162.66
+0.02%
500 USDT
NZ$813.50
NZ$813.31
+0.02%
1,000 USDT
NZ$1,627.00
NZ$1,626.62
+0.02%

Today vs. 1 month ago

Amount
Today at 5:36 pm
1 months ago
1M Change
0.5 USDT
NZ$0.81
NZ$0.81
-0.05%
1 USDT
NZ$1.63
NZ$1.63
-0.05%
5 USDT
NZ$8.13
NZ$8.14
-0.05%
10 USDT
NZ$16.27
NZ$16.28
-0.05%
50 USDT
NZ$81.35
NZ$81.39
-0.05%
100 USDT
NZ$162.70
NZ$162.79
-0.05%
500 USDT
NZ$813.50
NZ$813.93
-0.05%
1,000 USDT
NZ$1,627.00
NZ$1,627.87
-0.05%

Today vs. 1 year ago

Amount
Today at 5:36 pm
1 year ago
1Y Change
0.5 USDT
NZ$0.81
NZ$0.81
-0.01%
1 USDT
NZ$1.63
NZ$1.63
-0.01%
5 USDT
NZ$8.13
NZ$8.14
-0.01%
10 USDT
NZ$16.27
NZ$16.27
-0.01%
50 USDT
NZ$81.35
NZ$81.36
-0.01%
100 USDT
NZ$162.70
NZ$162.72
-0.01%
500 USDT
NZ$813.50
NZ$813.59
-0.01%
1,000 USDT
NZ$1,627.00
NZ$1,627.19
-0.01%

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