USDT/CNY: Convert Tether (USDT) to Chinese Renminbi Yuan (CNY)
1 Tether equals CN¥7.26 Chinese Renminbi Yuan
Last update: 2:03 PM, July 2, 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 Chinese Renminbi Yuan (CNY) differ
Tether (USDT) and Chinese Renminbi Yuan (CNY) are both forms of currency, but they operate in fundamentally different ways. Tether, launched in 2014, is a digital currency platform that aims to digitize traditional fiat currencies, providing a modern approach to money. It operates as digital tokens built on several leading blockchains, with each Tether token backed 100% by Tether's reserves. Its unique feature is its value, which is guaranteed to remain pegged to the U.S. dollar, making it a stablecoin. This property allows individuals to transact a U.S. dollar equivalent across regions, countries, and continents via blockchain, without relying on traditional financial intermediaries. On the other hand, the Chinese Renminbi Yuan (CNY) is the official currency of the People's Republic of China, regulated by the People's Bank of China. Unlike Tether, the value of CNY is not pegged to the U.S. dollar and is subject to fluctuations based on economic factors and monetary policy. It operates within a traditional financial system, with transactions typically facilitated by banks and other financial institutions.
Tether Markets
Tether is falling this week.
The current price of Tether is CN¥7.26 per USDT. With a circulating supply of 112,787,335,849.362 USDT, it means that Tether has a total market cap of CN¥819,150,117,579.66. The amount of Tether traded has fallen by CN¥15,914,957,425.48 in the last 24 hours, which is a 5.35% decrease. Additionally, in the last day, CN¥297,287,411,893.18 worth of USDT has been traded.
$819.2B
$297.3B
112.8B USDT
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FAQ
How much is 1 Tether in CNY?
Right now, 1 Tether is worth about CN¥7.26.
How much USDT could I buy for 1 CNY?
Based on the current rate, you could get 0.14 USDT for 1 CNY.
How much has the price of Tether changed?
Tether price has been declining. Since yesterday, the exchange rate of Tether has decreased. 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 CNY?
You can use our USDT to CNY calculator at the top of this page to convert any amount of USDT to CNY. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 CNY is equivalent to 0.69 USDT. Inversely, 5 USDT will cost about 36.31 CNY.
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 increasing.
The current value of 1 USDT is CN¥7.26 CNY. In other words, to buy 5 Tether, it would cost you CN¥36.31 CNY. Inversely, CN¥1.00 CNY would allow you to trade for 0.14 USDT while CN¥50.00 CNY would convert to 6.89 USDT, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 0.07%. Meanwhile, in the last 24 hours, the rate has changed by 0%, which means that the the highest exchange rate of 1 USDT to Chinese Renminbi Yuan was 0.999 CNY and the lowest 24 hour value was 1 USDT for 0.99808 CNY. This time last month, the value of 1 USDT was CN¥7.27 CNY, which is a 0.06% increase from where it is now. Looking back a year, Tether has changed by CN¥0.01 CNY. That means that in a single year, the value of Tether has shrank by 0.12%.
USDT to CNY
Amount | Today at 2:03 pm |
---|---|
0.5 USDT | CN¥3.63 |
1 USDT | CN¥7.26 |
5 USDT | CN¥36.31 |
10 USDT | CN¥72.62 |
50 USDT | CN¥363.10 |
100 USDT | CN¥726.20 |
500 USDT | CN¥3,630.98 |
1,000 USDT | CN¥7,261.97 |
CNY to USDT
Amount | Today at 2:03 pm |
---|---|
0.5 CNY | 0.0689 USDT |
1 CNY | 0.14 USDT |
5 CNY | 0.69 USDT |
10 CNY | 1.38 USDT |
50 CNY | 6.89 USDT |
100 CNY | 13.77 USDT |
500 CNY | 68.85 USDT |
1,000 CNY | 137.70 USDT |
Today vs. 24 hours ago
Amount | Today at 2:03 pm | 24 hours ago | 24H Change |
---|---|---|---|
0.5 USDT | CN¥3.63 | CN¥3.63 | 0.00% |
1 USDT | CN¥7.26 | CN¥7.26 | 0.00% |
5 USDT | CN¥36.31 | CN¥36.31 | 0.00% |
10 USDT | CN¥72.62 | CN¥72.62 | 0.00% |
50 USDT | CN¥363.10 | CN¥363.11 | 0.00% |
100 USDT | CN¥726.20 | CN¥726.21 | 0.00% |
500 USDT | CN¥3,630.98 | CN¥3,631.07 | 0.00% |
1,000 USDT | CN¥7,261.97 | CN¥7,262.15 | 0.00% |
Today vs. 1 month ago
Amount | Today at 2:03 pm | 1 months ago | 1M Change |
---|---|---|---|
0.5 USDT | CN¥3.63 | CN¥3.63 | -0.06% |
1 USDT | CN¥7.26 | CN¥7.27 | -0.06% |
5 USDT | CN¥36.31 | CN¥36.33 | -0.06% |
10 USDT | CN¥72.62 | CN¥72.66 | -0.06% |
50 USDT | CN¥363.10 | CN¥363.31 | -0.06% |
100 USDT | CN¥726.20 | CN¥726.61 | -0.06% |
500 USDT | CN¥3,630.98 | CN¥3,633.07 | -0.06% |
1,000 USDT | CN¥7,261.97 | CN¥7,266.15 | -0.06% |
Today vs. 1 year ago
Amount | Today at 2:03 pm | 1 year ago | 1Y Change |
---|---|---|---|
0.5 USDT | CN¥3.63 | CN¥3.64 | -0.12% |
1 USDT | CN¥7.26 | CN¥7.27 | -0.12% |
5 USDT | CN¥36.31 | CN¥36.35 | -0.12% |
10 USDT | CN¥72.62 | CN¥72.71 | -0.12% |
50 USDT | CN¥363.10 | CN¥363.54 | -0.12% |
100 USDT | CN¥726.20 | CN¥727.07 | -0.12% |
500 USDT | CN¥3,630.98 | CN¥3,635.36 | -0.12% |
1,000 USDT | CN¥7,261.97 | CN¥7,270.73 | -0.12% |
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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.