Convert and Swap Tether USDT to Myanmar Kyat MMK
USDT/MMK: 1 Tether equals MMK 2,096.98 MMK
Last update: 2:25 AM, December 23, 2024
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Tether is falling this week.
The current price of Tether is MMK 2,096.98 per USDT. With a circulating supply of 139,848,269,931.163 USDT, it means that Tether has a total market cap of MMK 293,282,890,271,998.80. The amount of Tether traded has fallen by MMK 42,427,554,832,400 in the last 24 hours, which is a 17.20% decrease. Additionally, in the last day, MMK 246,704,237,507,498 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 Myanmar Kyat differ
Tether (USDT) and Myanmar Kyat (MMK) are both forms of currency, but they operate in fundamentally different ways. Tether is a digital currency, or cryptocurrency, launched in 2014 with the aim of digitizing traditional fiat currencies. It operates on several leading blockchains and its value is pegged 1:1 to the USD, making it a stablecoin. This means that Tether aims to provide a stable value in the often volatile cryptocurrency market. On the other hand, the Myanmar Kyat is the official currency of Myanmar, a physical, traditional fiat currency controlled by the Central Bank of Myanmar. Unlike Tether, the value of the Kyat is not pegged to any other currency and can fluctuate based on economic factors within Myanmar. While Tether seeks to provide a modern approach to money, enabling transactions across the blockchain, the Kyat is used for conventional transactions within Myanmar. Furthermore, Tether's operations are transparent, with a record of the current reserve assets published, while the operations of the Central Bank of Myanmar are subject to the country's financial regulations.
Frequently asked questions
How much is 1 Tether in MMK?
Right now, 1 Tether is worth about MMK 2,096.98.
How much USDT could I buy for 1 MMK?
Based on the current rate, you could get 0.000477 USDT for 1 MMK.
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 MMK?
You can use our USDT to MMK calculator at the top of this page to convert any amount of USDT to MMK. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 MMK is equivalent to 0.0024 USDT. Inversely, 5 USDT will cost about MMK 10,484.9
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 Myanmar Kyat conversion tables
The exchange rate of Tether is decreasing.
The current value of 1 USDT is MMK 2,097 MMK. In other words, to buy 5 Tether, it would cost you MMK 10,485 MMK. Inversely, MMK 1 MMK would allow you to trade for 0.000477 USDT while MMK 50 MMK would convert to 0.023844 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 0.03%, and that the the highest exchange rate of 1 USDT to Myanmar Kyat was MMK 2,097.44 MMK and the lowest 24 hour value was 1 USDT for MMK 2,095.72 MMK. This time last month, the value of 1 USDT was MMK 2,100 MMK, which is a 0.19% increase from where it is now. Looking back a year, Tether has changed by MMK 2,101 MMK. That means that in a single year, the value of Tether has shrank by 0.14%.
USDT to MMK performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
MMK 2,096.73 MMK | -0.03% | MMK 2,097.09 MMK | -0.04% | MMK 2,100.24 MMK | -0.19% | MMK 2,101.30 MMK | -0.14% |
USDT to MMK
Amount | Today at 2:25 am |
|---|---|
0.5 USDT | MMK 1,048.49 |
1 USDT | MMK 2,096.98 |
5 USDT | MMK 10,484.90 |
10 USDT | MMK 20,969.81 |
50 USDT | MMK 104,849.03 |
100 USDT | MMK 209,698.05 |
500 USDT | MMK 1,048,490.26 |
1,000 USDT | MMK 2,096,980.51 |
MMK to USDT
Amount | Today at 2:25 am |
|---|---|
0.5 MMK | 0.000238 USDT |
1 MMK | 0.000477 USDT |
5 MMK | 0.0024 USDT |
10 MMK | 0.0048 USDT |
50 MMK | 0.0238 USDT |
100 MMK | 0.0477 USDT |
500 MMK | 0.24 USDT |
1,000 MMK | 0.48 USDT |
Today vs. 24 hours ago
Amount | Today at 2:25 am | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 USDT | MMK 1,048.49 | MMK 1,048.87 | -0.04% |
1 USDT | MMK 2,096.98 | MMK 2,097.75 | -0.04% |
5 USDT | MMK 10,484.90 | MMK 10,488.73 | -0.04% |
10 USDT | MMK 20,969.81 | MMK 20,977.47 | -0.04% |
50 USDT | MMK 104,849.03 | MMK 104,887.33 | -0.04% |
100 USDT | MMK 209,698.05 | MMK 209,774.66 | -0.04% |
500 USDT | MMK 1,048,490.26 | MMK 1,048,873.32 | -0.04% |
1,000 USDT | MMK 2,096,980.51 | MMK 2,097,746.65 | -0.04% |
Today vs. 1 month ago
Amount | Today at 2:25 am | 1 months ago | 1M Change |
|---|---|---|---|
0.5 USDT | MMK 1,048.49 | MMK 1,050.62 | -0.20% |
1 USDT | MMK 2,096.98 | MMK 2,101.24 | -0.20% |
5 USDT | MMK 10,484.90 | MMK 10,506.21 | -0.20% |
10 USDT | MMK 20,969.81 | MMK 21,012.41 | -0.20% |
50 USDT | MMK 104,849.03 | MMK 105,062.07 | -0.20% |
100 USDT | MMK 209,698.05 | MMK 210,124.15 | -0.20% |
500 USDT | MMK 1,048,490.26 | MMK 1,050,620.74 | -0.20% |
1,000 USDT | MMK 2,096,980.51 | MMK 2,101,241.47 | -0.20% |
Today vs. 1 year ago
Amount | Today at 2:25 am | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 USDT | MMK 1,048.49 | MMK 1,049.93 | -0.14% |
1 USDT | MMK 2,096.98 | MMK 2,099.86 | -0.14% |
5 USDT | MMK 10,484.90 | MMK 10,499.28 | -0.14% |
10 USDT | MMK 20,969.81 | MMK 20,998.56 | -0.14% |
50 USDT | MMK 104,849.03 | MMK 104,992.81 | -0.14% |
100 USDT | MMK 209,698.05 | MMK 209,985.61 | -0.14% |
500 USDT | MMK 1,048,490.26 | MMK 1,049,928.07 | -0.14% |
1,000 USDT | MMK 2,096,980.51 | MMK 2,099,856.14 | -0.14% |
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Buy Tether with Coinbase Wallet
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