Convert and Swap Tether USDT to Kyrgyzstani Som KGS
USDT/KGS: 1 Tether equals KGS 86.90 KGS
Last update: 12:45 PM, December 23, 2024
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Tether is falling this week.
The current price of Tether is KGS 86.90 per USDT. With a circulating supply of 139,848,269,931.163 USDT, it means that Tether has a total market cap of KGS 12,155,458,726,369.38. The amount of Tether traded has risen by KGS 218,745,685,820.67 in the last 24 hours, which is a 1.97% increase. Additionally, in the last day, KGS 11,111,050,740,746.50 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 Kyrgyzstani Som differ
Tether (USDT) and Kyrgyzstani Som (KGS) are both forms of currency, but they operate in fundamentally different ways. Tether is a digital currency, or cryptocurrency, that was 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 or financial service providers. On the other hand, the Kyrgyzstani Som is the traditional fiat currency of Kyrgyzstan, a Central Asian country. Unlike Tether, the value of the Som is not pegged to any other currency and can fluctuate based on factors such as inflation, economic stability, and government policy. It is used for all types of transactions within Kyrgyzstan and is regulated by the country's central bank. Unlike Tether, the Som does not operate on a blockchain and cannot be used for digital transactions outside of traditional banking systems.
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USDT to Kyrgyzstani Som conversion tables
The exchange rate of Tether is decreasing.
The current value of 1 USDT is KGS 86.90 KGS. In other words, to buy 5 Tether, it would cost you KGS 434.49 KGS. Inversely, KGS 1.00 KGS would allow you to trade for 0.0115 USDT while KGS 50.00 KGS would convert to 0.5754 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 0.04%, and that the the highest exchange rate of 1 USDT to Kyrgyzstani Som was KGS 86.96 KGS and the lowest 24 hour value was 1 USDT for KGS 86.89 KGS. This time last month, the value of 1 USDT was KGS 86.59 KGS, which is a 0.23% increase from where it is now. Looking back a year, Tether has changed by KGS 89.09 KGS. That means that in a single year, the value of Tether has shrank by 0.14%.
USDT to KGS performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
KGS 86.93 KGS | -0.04% | KGS 86.92 KGS | -0.06% | KGS 86.59 KGS | -0.23% | KGS 89.09 KGS | -0.14% |
USDT to KGS
Amount | Today at 12:45 pm |
|---|---|
0.5 USDT | KGS 43.45 |
1 USDT | KGS 86.90 |
5 USDT | KGS 434.49 |
10 USDT | KGS 868.99 |
50 USDT | KGS 4,344.93 |
100 USDT | KGS 8,689.86 |
500 USDT | KGS 43,449.32 |
1,000 USDT | KGS 86,898.65 |
KGS to USDT
Amount | Today at 12:45 pm |
|---|---|
0.5 KGS | 0.0058 USDT |
1 KGS | 0.0115 USDT |
5 KGS | 0.0575 USDT |
10 KGS | 0.12 USDT |
50 KGS | 0.58 USDT |
100 KGS | 1.15 USDT |
500 KGS | 5.75 USDT |
1,000 KGS | 11.51 USDT |
Today vs. 24 hours ago
Amount | Today at 12:45 pm | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 USDT | KGS 43.45 | KGS 43.46 | -0.04% |
1 USDT | KGS 86.90 | KGS 86.93 | -0.04% |
5 USDT | KGS 434.49 | KGS 434.65 | -0.04% |
10 USDT | KGS 868.99 | KGS 869.30 | -0.04% |
50 USDT | KGS 4,344.93 | KGS 4,346.50 | -0.04% |
100 USDT | KGS 8,689.86 | KGS 8,693.00 | -0.04% |
500 USDT | KGS 43,449.32 | KGS 43,464.98 | -0.04% |
1,000 USDT | KGS 86,898.65 | KGS 86,929.96 | -0.04% |
Today vs. 1 month ago
Amount | Today at 12:45 pm | 1 months ago | 1M Change |
|---|---|---|---|
0.5 USDT | KGS 43.45 | KGS 43.55 | -0.22% |
1 USDT | KGS 86.90 | KGS 87.09 | -0.22% |
5 USDT | KGS 434.49 | KGS 435.46 | -0.22% |
10 USDT | KGS 868.99 | KGS 870.92 | -0.22% |
50 USDT | KGS 4,344.93 | KGS 4,354.61 | -0.22% |
100 USDT | KGS 8,689.86 | KGS 8,709.22 | -0.22% |
500 USDT | KGS 43,449.32 | KGS 43,546.11 | -0.22% |
1,000 USDT | KGS 86,898.65 | KGS 87,092.22 | -0.22% |
Today vs. 1 year ago
Amount | Today at 12:45 pm | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 USDT | KGS 43.45 | KGS 43.52 | -0.16% |
1 USDT | KGS 86.90 | KGS 87.03 | -0.16% |
5 USDT | KGS 434.49 | KGS 435.17 | -0.16% |
10 USDT | KGS 868.99 | KGS 870.34 | -0.16% |
50 USDT | KGS 4,344.93 | KGS 4,351.70 | -0.16% |
100 USDT | KGS 8,689.86 | KGS 8,703.39 | -0.16% |
500 USDT | KGS 43,449.32 | KGS 43,516.96 | -0.16% |
1,000 USDT | KGS 86,898.65 | KGS 87,033.93 | -0.16% |
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