![](https://dynamic-assets.coinbase.com/41f6a93a3a222078c939115fc304a67c384886b7a9e6c15dcbfa6519dc45f6bb4a586e9c48535d099efa596dbf8a9dd72b05815bcd32ac650c50abb5391a5bd0/asset_icons/1f8489bb280fb0a0fd643c1161312ba49655040e9aaaced5f9ad3eeaf868eadc.png)
USDT/NGN: Convert Tether (USDT) to Nigerian Naira (NGN)
1 Tether equals NGN 1,490.89 Nigerian Naira
Last update: 5:12 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.
Resources
How Tether (USDT) and Nigerian Naira (NGN) differ
Tether (USDT) and Nigerian Naira (NGN) are both mediums of exchange, but they operate in fundamentally different ways. Tether is a digital currency, launched in 2014, that aims to incorporate the benefits of blockchain technology with the stability of traditional fiat currencies. It's a stablecoin, meaning its value is pegged 1:1 to the US dollar, providing a digital equivalent to the physical dollar. This feature aims to offer a safe haven for crypto enthusiasts during periods of high volatility. Tether operates on several leading blockchains, including Ethereum, Algorand, and Solana, among others, and every Tether token is backed 100% by Tether's reserves. On the other hand, the Nigerian Naira is the official currency of Nigeria, a traditional fiat currency controlled by the Central Bank of Nigeria. Unlike Tether, the value of the Naira is not pegged to any other currency and is subject to fluctuations based on economic factors such as inflation, interest rates, and government policies. While Tether seeks to provide a modern approach to money, the Nigerian Naira operates within the conventional financial system.
Tether Markets
Tether is falling this week.
The current price of Tether is NGN 1,490.89 per USDT. With a circulating supply of 112,552,589,019.021 USDT, it means that Tether has a total market cap of NGN 167,801,215,637,511.10. The amount of Tether traded has risen by NGN 49,188,370,422,955.90 in the last 24 hours, which is a 43.02% increase. Additionally, in the last day, NGN 114,348,819,166,768.53 worth of USDT has been traded.
Market cap
S$167.8T
Volume (24h)
S$114.3T
Circulating supply
112.6B USDT
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FAQ
How much is 1 Tether in NGN?
Right now, 1 Tether is worth about NGN 1,490.89.
How much USDT could I buy for 1 NGN?
Based on the current rate, you could get 0.000671 USDT for 1 NGN.
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 NGN?
You can use our USDT to NGN calculator at the top of this page to convert any amount of USDT to NGN. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 NGN is equivalent to 0.0034 USDT. Inversely, 5 USDT will cost about 7,454.4737 NGN.
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.
Conversion tables
The exchange rate of Tether is decreasing.
The current value of 1 USDT is NGN 1,490.89 NGN. In other words, to buy 5 Tether, it would cost you NGN 7,454.47 NGN. Inversely, NGN 1.00 NGN would allow you to trade for 0.000671 USDT while NGN 50.00 NGN would convert to 0.033537 USDT, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 0%. Meanwhile, in the last 24 hours, the rate has changed by 0.01%, which means that the the highest exchange rate of 1 USDT to Nigerian Naira was 1 NGN and the lowest 24 hour value was 1 USDT for 0.99926 NGN. This time last month, the value of 1 USDT was NGN 1,491.86 NGN, which is a 0.06% increase from where it is now. Looking back a year, Tether has changed by NGN 0.34 NGN. That means that in a single year, the value of Tether has shrank by 0.02%.
USDT to NGN
Amount | Today at 5:12 pm |
---|---|
0.5 USDT | NGN 745.45 |
1 USDT | NGN 1,490.89 |
5 USDT | NGN 7,454.47 |
10 USDT | NGN 14,908.95 |
50 USDT | NGN 74,544.74 |
100 USDT | NGN 149,089.47 |
500 USDT | NGN 745,447.37 |
1,000 USDT | NGN 1,490,894.74 |
NGN to USDT
Amount | Today at 5:12 pm |
---|---|
0.5 NGN | 0.000335 USDT |
1 NGN | 0.000671 USDT |
5 NGN | 0.0034 USDT |
10 NGN | 0.0067 USDT |
50 NGN | 0.0335 USDT |
100 NGN | 0.0671 USDT |
500 NGN | 0.34 USDT |
1,000 NGN | 0.67 USDT |
Today vs. 24 hours ago
Amount | Today at 5:12 pm | 24 hours ago | 24H Change |
---|---|---|---|
0.5 USDT | NGN 745.45 | NGN 745.36 | +0.01% |
1 USDT | NGN 1,490.89 | NGN 1,490.72 | +0.01% |
5 USDT | NGN 7,454.47 | NGN 7,453.62 | +0.01% |
10 USDT | NGN 14,908.95 | NGN 14,907.23 | +0.01% |
50 USDT | NGN 74,544.74 | NGN 74,536.16 | +0.01% |
100 USDT | NGN 149,089.47 | NGN 149,072.32 | +0.01% |
500 USDT | NGN 745,447.37 | NGN 745,361.60 | +0.01% |
1,000 USDT | NGN 1,490,894.74 | NGN 1,490,723.20 | +0.01% |
Today vs. 1 month ago
Amount | Today at 5:12 pm | 1 months ago | 1M Change |
---|---|---|---|
0.5 USDT | NGN 745.45 | NGN 745.93 | -0.06% |
1 USDT | NGN 1,490.89 | NGN 1,491.86 | -0.06% |
5 USDT | NGN 7,454.47 | NGN 7,459.28 | -0.06% |
10 USDT | NGN 14,908.95 | NGN 14,918.57 | -0.06% |
50 USDT | NGN 74,544.74 | NGN 74,592.84 | -0.06% |
100 USDT | NGN 149,089.47 | NGN 149,185.69 | -0.06% |
500 USDT | NGN 745,447.37 | NGN 745,928.43 | -0.06% |
1,000 USDT | NGN 1,490,894.74 | NGN 1,491,856.86 | -0.06% |
Today vs. 1 year ago
Amount | Today at 5:12 pm | 1 year ago | 1Y Change |
---|---|---|---|
0.5 USDT | NGN 745.45 | NGN 745.62 | -0.02% |
1 USDT | NGN 1,490.89 | NGN 1,491.23 | -0.02% |
5 USDT | NGN 7,454.47 | NGN 7,456.15 | -0.02% |
10 USDT | NGN 14,908.95 | NGN 14,912.30 | -0.02% |
50 USDT | NGN 74,544.74 | NGN 74,561.52 | -0.02% |
100 USDT | NGN 149,089.47 | NGN 149,123.04 | -0.02% |
500 USDT | NGN 745,447.37 | NGN 745,615.18 | -0.02% |
1,000 USDT | NGN 1,490,894.74 | NGN 1,491,230.36 | -0.02% |
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A selection of other popular currency conversions of Tether to various fiat currencies.
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Tether to CLF
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Tether to CNY
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Tether to COP
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Arbitrum to the NGN
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Paxos Standard to the NGN
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AirSwap to the NGN
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SKALE to the NGN
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Aavegotchi to the NGN
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Aurora to the NGN
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Safe to the NGN
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OriginTrail to the NGN
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Ribbon Finance to the NGN
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PolySwarm to the NGN
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