Convert and Swap Tether USDT to Omani Rial OMR
USDT/OMR: 1 Tether equals OMR 0.38 OMR
Last update: 3:18 AM, December 23, 2024
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Tether is falling this week.
The current price of Tether is OMR 0.38 per USDT. With a circulating supply of 139,848,269,931.163 USDT, it means that Tether has a total market cap of OMR 53,760,375,968.27. The amount of Tether traded has fallen by OMR 7,357,242,281.557 in the last 24 hours, which is a 16.14% decrease. Additionally, in the last day, OMR 45,597,710,062.368 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 Omani Rial differ
Tether (USDT) and Omani Rial (OMR) are both forms of currency, but they operate in fundamentally different ways. Tether, launched in 2014, is a digital currency platform that aims to bring traditional fiat currencies into the digital realm. It's a stablecoin, meaning its value is pegged 1:1 to the US dollar, providing a stable and decentralized method of exchanging value. Tether operates on several leading blockchains and every Tether token is backed 100% by Tether's reserves. This digital currency offers a unique feature of remaining pegged to the U.S. dollar, making it a safe haven for crypto enthusiasts during periods of high volatility. On the other hand, the Omani Rial is the traditional fiat currency of Oman, regulated by the Central Bank of Oman. Unlike Tether, it's not digital and its value is not pegged to another currency but determined by the foreign exchange market. The Omani Rial doesn't operate on a blockchain and isn't subject to the same kind of transparency as Tether. While Tether seeks to disrupt the conventional financial system, the Omani Rial is a part of it.
Frequently asked questions
How much is 1 Tether in OMR?
Right now, 1 Tether is worth about OMR 0.38.
How much USDT could I buy for 1 OMR?
Based on the current rate, you could get 2.6 USDT for 1 OMR.
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 OMR?
You can use our USDT to OMR calculator at the top of this page to convert any amount of USDT to OMR. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 OMR is equivalent to 13.01 USDT. Inversely, 5 USDT will cost about OMR 1.92
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 Omani Rial conversion tables
The exchange rate of Tether is decreasing.
The current value of 1 USDT is OMR 0.384 OMR. In other words, to buy 5 Tether, it would cost you OMR 1.922 OMR. Inversely, OMR 1.000 OMR would allow you to trade for 2.60 USDT while OMR 50.000 OMR would convert to 130.07 USDT, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 0.06%. Meanwhile, in the last 24 hours, the rate has changed by 0.05%, and that the the highest exchange rate of 1 USDT to Omani Rial was OMR 0.38 OMR and the lowest 24 hour value was 1 USDT for OMR 0.38 OMR. This time last month, the value of 1 USDT was OMR 0.385 OMR, which is a 0.19% increase from where it is now. Looking back a year, Tether has changed by OMR 0.385 OMR. That means that in a single year, the value of Tether has shrank by 0.14%.
USDT to OMR performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
OMR 0.38 OMR | -0.05% | OMR 0.38 OMR | -0.06% | OMR 0.39 OMR | -0.19% | OMR 0.39 OMR | -0.14% |
USDT to OMR
Amount | Today at 3:18 am |
|---|---|
0.5 USDT | OMR 0.19 |
1 USDT | OMR 0.38 |
5 USDT | OMR 1.92 |
10 USDT | OMR 3.84 |
50 USDT | OMR 19.22 |
100 USDT | OMR 38.44 |
500 USDT | OMR 192.20 |
1,000 USDT | OMR 384.40 |
OMR to USDT
Amount | Today at 3:18 am |
|---|---|
0.5 OMR | 1.30 USDT |
1 OMR | 2.60 USDT |
5 OMR | 13.01 USDT |
10 OMR | 26.01 USDT |
50 OMR | 130.07 USDT |
100 OMR | 260.15 USDT |
500 OMR | 1,300.73 USDT |
1,000 OMR | 2,601.46 USDT |
Today vs. 24 hours ago
Amount | Today at 3:18 am | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 USDT | OMR 0.19 | OMR 0.19 | -0.06% |
1 USDT | OMR 0.38 | OMR 0.38 | -0.06% |
5 USDT | OMR 1.92 | OMR 1.92 | -0.06% |
10 USDT | OMR 3.84 | OMR 3.85 | -0.06% |
50 USDT | OMR 19.22 | OMR 19.23 | -0.06% |
100 USDT | OMR 38.44 | OMR 38.46 | -0.06% |
500 USDT | OMR 192.20 | OMR 192.31 | -0.06% |
1,000 USDT | OMR 384.40 | OMR 384.63 | -0.06% |
Today vs. 1 month ago
Amount | Today at 3:18 am | 1 months ago | 1M Change |
|---|---|---|---|
0.5 USDT | OMR 0.19 | OMR 0.19 | -0.23% |
1 USDT | OMR 0.38 | OMR 0.39 | -0.23% |
5 USDT | OMR 1.92 | OMR 1.93 | -0.23% |
10 USDT | OMR 3.84 | OMR 3.85 | -0.23% |
50 USDT | OMR 19.22 | OMR 19.26 | -0.23% |
100 USDT | OMR 38.44 | OMR 38.53 | -0.23% |
500 USDT | OMR 192.20 | OMR 192.64 | -0.23% |
1,000 USDT | OMR 384.40 | OMR 385.27 | -0.23% |
Today vs. 1 year ago
Amount | Today at 3:18 am | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 USDT | OMR 0.19 | OMR 0.19 | -0.16% |
1 USDT | OMR 0.38 | OMR 0.39 | -0.16% |
5 USDT | OMR 1.92 | OMR 1.93 | -0.16% |
10 USDT | OMR 3.84 | OMR 3.85 | -0.16% |
50 USDT | OMR 19.22 | OMR 19.25 | -0.16% |
100 USDT | OMR 38.44 | OMR 38.50 | -0.16% |
500 USDT | OMR 192.20 | OMR 192.51 | -0.16% |
1,000 USDT | OMR 384.40 | OMR 385.02 | -0.16% |
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Buy Tether with Coinbase Wallet
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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.