Convert and Swap Tether USDT to Norwegian Krone NOK
USDT/NOK: 1 Tether equals NOK 11.32 NOK
Last update: 11:47 PM, December 22, 2024
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Tether is falling this week.
The current price of Tether is NOK 11.32 per USDT. With a circulating supply of 139,872,815,646.753 USDT, it means that Tether has a total market cap of NOK 1,584,061,560,914.43. The amount of Tether traded has fallen by NOK 281,487,592,145.38 in the last 24 hours, which is a 21.87% decrease. Additionally, in the last day, NOK 1,287,209,159,305.52 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 Norwegian Krone differ
Tether (USDT) and the Norwegian Krone (NOK) are both mediums of exchange, but they operate in fundamentally different ways. Tether is a digital currency, launched in 2014, that aims to incorporate the benefits of blockchain technology with the stability of traditional fiat currencies. It's a stablecoin, meaning its value is pegged 1:1 to the US dollar, providing a digital equivalent of the USD. This feature makes Tether a preferred choice for those seeking to avoid the volatility often associated with other digital currencies. Tether operates on several leading blockchains, including Ethereum, Algorand, and Solana, among others, and every Tether token is backed 100% by Tether's reserves. On the other hand, the Norwegian Krone is the official currency of Norway, regulated by the country's central bank. It's a traditional fiat currency, existing in both physical and digital forms, and its value is determined by factors such as inflation, interest rates, and Norway's economic performance. Unlike Tether, the Norwegian Krone is not pegged to any other currency and is subject to foreign exchange market fluctuations.
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USDT to Norwegian Krone conversion tables
The exchange rate of Tether is decreasing.
The current value of 1 USDT is NOK 11.32 NOK. In other words, to buy 5 Tether, it would cost you NOK 56.60 NOK. Inversely, NOK 1.00 NOK would allow you to trade for 0.0883 USDT while NOK 50.00 NOK would convert to 4.4168 USDT, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 0.08%. Meanwhile, in the last 24 hours, the rate has changed by 0.04%, and that the the highest exchange rate of 1 USDT to Norwegian Krone was NOK 11.32 NOK and the lowest 24 hour value was 1 USDT for NOK 11.29 NOK. This time last month, the value of 1 USDT was NOK 11.09 NOK, which is a 0.2% increase from where it is now. Looking back a year, Tether has changed by NOK 10.21 NOK. That means that in a single year, the value of Tether has shrank by 0.14%.
USDT to NOK performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
NOK 11.31 NOK | -0.04% | NOK 11.14 NOK | -0.08% | NOK 11.09 NOK | -0.20% | NOK 10.21 NOK | -0.14% |
USDT to NOK
Amount | Today at 11:47 pm |
|---|---|
0.5 USDT | NOK 5.66 |
1 USDT | NOK 11.32 |
5 USDT | NOK 56.60 |
10 USDT | NOK 113.20 |
50 USDT | NOK 566.02 |
100 USDT | NOK 1,132.05 |
500 USDT | NOK 5,660.23 |
1,000 USDT | NOK 11,320.46 |
NOK to USDT
Amount | Today at 11:47 pm |
|---|---|
0.5 NOK | 0.0442 USDT |
1 NOK | 0.0883 USDT |
5 NOK | 0.44 USDT |
10 NOK | 0.88 USDT |
50 NOK | 4.42 USDT |
100 NOK | 8.83 USDT |
500 NOK | 44.17 USDT |
1,000 NOK | 88.34 USDT |
Today vs. 24 hours ago
Amount | Today at 11:47 pm | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 USDT | NOK 5.66 | NOK 5.66 | -0.04% |
1 USDT | NOK 11.32 | NOK 11.32 | -0.04% |
5 USDT | NOK 56.60 | NOK 56.62 | -0.04% |
10 USDT | NOK 113.20 | NOK 113.25 | -0.04% |
50 USDT | NOK 566.02 | NOK 566.25 | -0.04% |
100 USDT | NOK 1,132.05 | NOK 1,132.50 | -0.04% |
500 USDT | NOK 5,660.23 | NOK 5,662.50 | -0.04% |
1,000 USDT | NOK 11,320.46 | NOK 11,325.00 | -0.04% |
Today vs. 1 month ago
Amount | Today at 11:47 pm | 1 months ago | 1M Change |
|---|---|---|---|
0.5 USDT | NOK 5.66 | NOK 5.67 | -0.20% |
1 USDT | NOK 11.32 | NOK 11.34 | -0.20% |
5 USDT | NOK 56.60 | NOK 56.72 | -0.20% |
10 USDT | NOK 113.20 | NOK 113.43 | -0.20% |
50 USDT | NOK 566.02 | NOK 567.16 | -0.20% |
100 USDT | NOK 1,132.05 | NOK 1,134.32 | -0.20% |
500 USDT | NOK 5,660.23 | NOK 5,671.59 | -0.20% |
1,000 USDT | NOK 11,320.46 | NOK 11,343.18 | -0.20% |
Today vs. 1 year ago
Amount | Today at 11:47 pm | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 USDT | NOK 5.66 | NOK 5.67 | -0.18% |
1 USDT | NOK 11.32 | NOK 11.34 | -0.18% |
5 USDT | NOK 56.60 | NOK 56.70 | -0.18% |
10 USDT | NOK 113.20 | NOK 113.40 | -0.18% |
50 USDT | NOK 566.02 | NOK 567.02 | -0.18% |
100 USDT | NOK 1,132.05 | NOK 1,134.05 | -0.18% |
500 USDT | NOK 5,660.23 | NOK 5,670.23 | -0.18% |
1,000 USDT | NOK 11,320.46 | NOK 11,340.47 | -0.18% |
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