Convert and Swap Tether USDT to Georgian Lari GEL
USDT/GEL: 1 Tether equals GEL 2.81 GEL
Last update: 1:20 AM, December 23, 2024
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Tether is falling this week.
The current price of Tether is GEL 2.81 per USDT. With a circulating supply of 139,848,269,931.163 USDT, it means that Tether has a total market cap of GEL 392,351,107,222.29. The amount of Tether traded has fallen by GEL 66,098,353,857.98 in the last 24 hours, which is a 20.63% decrease. Additionally, in the last day, GEL 320,353,410,649.06 worth of USDT has been traded.
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About Tether
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 and Georgian Lari differ
Tether (USDT) and Georgian Lari (GEL) are both forms of currency, but they operate in fundamentally different ways. Tether, launched in 2014, is a digital currency platform that aims to facilitate the use of traditional fiat currencies in a digital format. It operates as digital tokens built on several leading blockchains, providing a modern approach to money. Tether's USD₮ token is a digital dollar, pegged 1:1 to the USD, providing a robust and decentralized method of exchanging value. On the other hand, the Georgian Lari is the traditional fiat currency of Georgia, regulated by the National Bank of Georgia, and is not tied to blockchain technology. Unlike Tether, which is designed to maintain a stable value equivalent to the U.S. dollar, the value of the Georgian Lari can fluctuate based on economic factors. While Tether provides a way to transact a U.S. dollar equivalent globally via blockchain, the Georgian Lari is primarily used for transactions within Georgia.
Frequently asked questions
How much is 1 Tether in GEL?
Right now, 1 Tether is worth about GEL 2.81.
How much USDT could I buy for 1 GEL?
Based on the current rate, you could get 0.36 USDT for 1 GEL.
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 GEL?
You can use our USDT to GEL calculator at the top of this page to convert any amount of USDT to GEL. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 GEL is equivalent to 1.78 USDT. Inversely, 5 USDT will cost about GEL 14.03
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.
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USDT to Georgian Lari conversion tables
The exchange rate of Tether is decreasing.
The current value of 1 USDT is GEL 2.81 GEL. In other words, to buy 5 Tether, it would cost you GEL 14.03 GEL. Inversely, GEL 1.00 GEL would allow you to trade for 0.36 USDT while GEL 50.00 GEL would convert to 17.82 USDT, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 0.04%. Meanwhile, in the last 24 hours, the rate has changed by 0.04%, and that the the highest exchange rate of 1 USDT to Georgian Lari was GEL 2.81 GEL and the lowest 24 hour value was 1 USDT for GEL 2.80 GEL. This time last month, the value of 1 USDT was GEL 2.74 GEL, which is a 0.21% increase from where it is now. Looking back a year, Tether has changed by GEL 2.69 GEL. That means that in a single year, the value of Tether has shrank by 0.14%.
USDT to GEL performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
GEL 2.81 GEL | -0.04% | GEL 2.81 GEL | -0.04% | GEL 2.74 GEL | -0.21% | GEL 2.69 GEL | -0.14% |
USDT to GEL
Amount | Today at 1:20 am |
|---|---|
0.5 USDT | GEL 1.40 |
1 USDT | GEL 2.81 |
5 USDT | GEL 14.03 |
10 USDT | GEL 28.05 |
50 USDT | GEL 140.26 |
100 USDT | GEL 280.51 |
500 USDT | GEL 1,402.56 |
1,000 USDT | GEL 2,805.13 |
GEL to USDT
Amount | Today at 1:20 am |
|---|---|
0.5 GEL | 0.18 USDT |
1 GEL | 0.36 USDT |
5 GEL | 1.78 USDT |
10 GEL | 3.56 USDT |
50 GEL | 17.82 USDT |
100 GEL | 35.65 USDT |
500 GEL | 178.25 USDT |
1,000 GEL | 356.49 USDT |
Today vs. 24 hours ago
Amount | Today at 1:20 am | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 USDT | GEL 1.40 | GEL 1.40 | -0.02% |
1 USDT | GEL 2.81 | GEL 2.81 | -0.02% |
5 USDT | GEL 14.03 | GEL 14.03 | -0.02% |
10 USDT | GEL 28.05 | GEL 28.06 | -0.02% |
50 USDT | GEL 140.26 | GEL 140.29 | -0.02% |
100 USDT | GEL 280.51 | GEL 280.58 | -0.02% |
500 USDT | GEL 1,402.56 | GEL 1,402.90 | -0.02% |
1,000 USDT | GEL 2,805.13 | GEL 2,805.80 | -0.02% |
Today vs. 1 month ago
Amount | Today at 1:20 am | 1 months ago | 1M Change |
|---|---|---|---|
0.5 USDT | GEL 1.40 | GEL 1.41 | -0.20% |
1 USDT | GEL 2.81 | GEL 2.81 | -0.20% |
5 USDT | GEL 14.03 | GEL 14.05 | -0.20% |
10 USDT | GEL 28.05 | GEL 28.11 | -0.20% |
50 USDT | GEL 140.26 | GEL 140.53 | -0.20% |
100 USDT | GEL 280.51 | GEL 281.07 | -0.20% |
500 USDT | GEL 1,402.56 | GEL 1,405.35 | -0.20% |
1,000 USDT | GEL 2,805.13 | GEL 2,810.70 | -0.20% |
Today vs. 1 year ago
Amount | Today at 1:20 am | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 USDT | GEL 1.40 | GEL 1.40 | -0.13% |
1 USDT | GEL 2.81 | GEL 2.81 | -0.13% |
5 USDT | GEL 14.03 | GEL 14.04 | -0.13% |
10 USDT | GEL 28.05 | GEL 28.09 | -0.13% |
50 USDT | GEL 140.26 | GEL 140.43 | -0.13% |
100 USDT | GEL 280.51 | GEL 280.86 | -0.13% |
500 USDT | GEL 1,402.56 | GEL 1,404.32 | -0.13% |
1,000 USDT | GEL 2,805.13 | GEL 2,808.65 | -0.13% |
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