Convert and Swap Tether USDT to Dominican Peso DOP
USDT/DOP: 1 Tether equals DOP 60.61 DOP
Last update: 3:37 AM, December 23, 2024
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Tether is falling this week.
The current price of Tether is DOP 60.61 per USDT. With a circulating supply of 139,848,269,931.163 USDT, it means that Tether has a total market cap of DOP 8,477,732,304,715.35. The amount of Tether traded has fallen by DOP 1,132,816,357,909.12 in the last 24 hours, which is a 15.57% decrease. Additionally, in the last day, DOP 7,273,539,458,471.13 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 Dominican Peso differ
Tether (USDT) and the Dominican Peso (DOP) 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's value remains constant, providing a safe haven for those new to cryptocurrency during periods of high volatility. It also allows for easy transactions of a U.S. dollar equivalent across borders without the need for intermediaries like banks. On the other hand, the Dominican Peso is the physical currency of the Dominican Republic, subject to the country's economic conditions and monetary policies. Unlike Tether, its value is not pegged to another currency and can fluctuate based on various factors such as inflation, interest rates, and economic performance. While Tether aims to modernize the financial system by enabling transactions on the blockchain, the Dominican Peso operates within the traditional banking and financial system.
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USDT to Dominican Peso conversion tables
The exchange rate of Tether is decreasing.
The current value of 1 USDT is DOP 60.61 DOP. In other words, to buy 5 Tether, it would cost you DOP 303.06 DOP. Inversely, DOP 1.00 DOP would allow you to trade for 0.0165 USDT while DOP 50.00 DOP would convert to 0.8249 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 Dominican Peso was DOP 60.71 DOP and the lowest 24 hour value was 1 USDT for DOP 60.58 DOP. This time last month, the value of 1 USDT was DOP 60.45 DOP, which is a 0.19% increase from where it is now. Looking back a year, Tether has changed by DOP 57.66 DOP. That means that in a single year, the value of Tether has shrank by 0.14%.
USDT to DOP performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
DOP 60.69 DOP | -0.05% | DOP 60.64 DOP | -0.06% | DOP 60.45 DOP | -0.19% | DOP 57.66 DOP | -0.14% |
USDT to DOP
Amount | Today at 3:37 am |
|---|---|
0.5 USDT | DOP 30.31 |
1 USDT | DOP 60.61 |
5 USDT | DOP 303.06 |
10 USDT | DOP 606.11 |
50 USDT | DOP 3,030.56 |
100 USDT | DOP 6,061.12 |
500 USDT | DOP 30,305.60 |
1,000 USDT | DOP 60,611.19 |
DOP to USDT
Amount | Today at 3:37 am |
|---|---|
0.5 DOP | 0.0082 USDT |
1 DOP | 0.0165 USDT |
5 DOP | 0.0825 USDT |
10 DOP | 0.16 USDT |
50 DOP | 0.82 USDT |
100 DOP | 1.65 USDT |
500 DOP | 8.25 USDT |
1,000 DOP | 16.50 USDT |
Today vs. 24 hours ago
Amount | Today at 3:37 am | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 USDT | DOP 30.31 | DOP 30.32 | -0.05% |
1 USDT | DOP 60.61 | DOP 60.64 | -0.05% |
5 USDT | DOP 303.06 | DOP 303.20 | -0.05% |
10 USDT | DOP 606.11 | DOP 606.40 | -0.05% |
50 USDT | DOP 3,030.56 | DOP 3,032.02 | -0.05% |
100 USDT | DOP 6,061.12 | DOP 6,064.03 | -0.05% |
500 USDT | DOP 30,305.60 | DOP 30,320.16 | -0.05% |
1,000 USDT | DOP 60,611.19 | DOP 60,640.32 | -0.05% |
Today vs. 1 month ago
Amount | Today at 3:37 am | 1 months ago | 1M Change |
|---|---|---|---|
0.5 USDT | DOP 30.31 | DOP 30.37 | -0.22% |
1 USDT | DOP 60.61 | DOP 60.74 | -0.22% |
5 USDT | DOP 303.06 | DOP 303.71 | -0.22% |
10 USDT | DOP 606.11 | DOP 607.42 | -0.22% |
50 USDT | DOP 3,030.56 | DOP 3,037.10 | -0.22% |
100 USDT | DOP 6,061.12 | DOP 6,074.20 | -0.22% |
500 USDT | DOP 30,305.60 | DOP 30,370.98 | -0.22% |
1,000 USDT | DOP 60,611.19 | DOP 60,741.95 | -0.22% |
Today vs. 1 year ago
Amount | Today at 3:37 am | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 USDT | DOP 30.31 | DOP 30.35 | -0.15% |
1 USDT | DOP 60.61 | DOP 60.70 | -0.15% |
5 USDT | DOP 303.06 | DOP 303.51 | -0.15% |
10 USDT | DOP 606.11 | DOP 607.02 | -0.15% |
50 USDT | DOP 3,030.56 | DOP 3,035.10 | -0.15% |
100 USDT | DOP 6,061.12 | DOP 6,070.19 | -0.15% |
500 USDT | DOP 30,305.60 | DOP 30,350.95 | -0.15% |
1,000 USDT | DOP 60,611.19 | DOP 60,701.90 | -0.15% |
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