Convert and Swap Tether USDT to Saudi Riyal SAR
USDT/SAR: 1 Tether equals SAR 3.75 SAR
Last update: 11:43 AM, December 23, 2024
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Tether is falling this week.
The current price of Tether is SAR 3.75 per USDT. With a circulating supply of 139,848,269,931.163 USDT, it means that Tether has a total market cap of SAR 524,735,957,340.68. The amount of Tether traded has fallen by SAR 3,686,003,729.35 in the last 24 hours, which is a 0.77% decrease. Additionally, in the last day, SAR 478,224,507,418.89 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 Saudi Riyal differ
Tether (USDT) and the Saudi Riyal (SAR) are both forms of currency, but they operate in fundamentally different ways. Tether, launched in 2014, is a digital currency that aims to incorporate traditional fiat currencies into a digital format. It operates on several leading blockchains, including Ethereum, Algorand, and Solana, among others. Tether's USD₮ token is a digital dollar, pegged 1:1 to the USD, providing a stable and decentralized method of exchanging value. On the other hand, the Saudi Riyal is the official currency of Saudi Arabia, regulated by the Saudi Arabian Monetary Authority, and is not digital or blockchain-based. Unlike Tether, which is designed to maintain a stable value equivalent to the U.S. dollar, the value of the Saudi Riyal can fluctuate based on various economic factors. Tether's value proposition lies in its ability to provide a safe haven during periods of high volatility in the crypto market and to facilitate transactions across borders without the need for traditional financial intermediaries. Conversely, the Saudi Riyal is used for all types of transactions within Saudi Arabia and can be exchanged for other currencies through traditional banking systems.
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USDT to Saudi Riyal conversion tables
The exchange rate of Tether is decreasing.
The current value of 1 USDT is SAR 3.75 SAR. In other words, to buy 5 Tether, it would cost you SAR 18.76 SAR. Inversely, SAR 1.00 SAR would allow you to trade for 0.27 USDT while SAR 50.00 SAR would convert to 13.33 USDT, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 0.07%. Meanwhile, in the last 24 hours, the rate has changed by 0.04%, and that the the highest exchange rate of 1 USDT to Saudi Riyal was SAR 3.75 SAR and the lowest 24 hour value was 1 USDT for SAR 3.75 SAR. This time last month, the value of 1 USDT was SAR 3.76 SAR, which is a 0.2% increase from where it is now. Looking back a year, Tether has changed by SAR 3.75 SAR. That means that in a single year, the value of Tether has shrank by 0.14%.
USDT to SAR performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
SAR 3.75 SAR | -0.04% | SAR 3.76 SAR | -0.07% | SAR 3.76 SAR | -0.20% | SAR 3.75 SAR | -0.14% |
USDT to SAR
Amount | Today at 11:43 am |
|---|---|
0.5 USDT | SAR 1.88 |
1 USDT | SAR 3.75 |
5 USDT | SAR 18.76 |
10 USDT | SAR 37.52 |
50 USDT | SAR 187.59 |
100 USDT | SAR 375.19 |
500 USDT | SAR 1,875.94 |
1,000 USDT | SAR 3,751.88 |
SAR to USDT
Amount | Today at 11:43 am |
|---|---|
0.5 SAR | 0.13 USDT |
1 SAR | 0.27 USDT |
5 SAR | 1.33 USDT |
10 SAR | 2.67 USDT |
50 SAR | 13.33 USDT |
100 SAR | 26.65 USDT |
500 SAR | 133.27 USDT |
1,000 SAR | 266.53 USDT |
Today vs. 24 hours ago
Amount | Today at 11:43 am | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 USDT | SAR 1.88 | SAR 1.88 | -0.05% |
1 USDT | SAR 3.75 | SAR 3.75 | -0.05% |
5 USDT | SAR 18.76 | SAR 18.77 | -0.05% |
10 USDT | SAR 37.52 | SAR 37.54 | -0.05% |
50 USDT | SAR 187.59 | SAR 187.70 | -0.05% |
100 USDT | SAR 375.19 | SAR 375.39 | -0.05% |
500 USDT | SAR 1,875.94 | SAR 1,876.95 | -0.05% |
1,000 USDT | SAR 3,751.88 | SAR 3,753.90 | -0.05% |
Today vs. 1 month ago
Amount | Today at 11:43 am | 1 months ago | 1M Change |
|---|---|---|---|
0.5 USDT | SAR 1.88 | SAR 1.88 | -0.22% |
1 USDT | SAR 3.75 | SAR 3.76 | -0.22% |
5 USDT | SAR 18.76 | SAR 18.80 | -0.22% |
10 USDT | SAR 37.52 | SAR 37.60 | -0.22% |
50 USDT | SAR 187.59 | SAR 188.02 | -0.22% |
100 USDT | SAR 375.19 | SAR 376.03 | -0.22% |
500 USDT | SAR 1,875.94 | SAR 1,880.15 | -0.22% |
1,000 USDT | SAR 3,751.88 | SAR 3,760.31 | -0.22% |
Today vs. 1 year ago
Amount | Today at 11:43 am | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 USDT | SAR 1.88 | SAR 1.88 | -0.17% |
1 USDT | SAR 3.75 | SAR 3.76 | -0.17% |
5 USDT | SAR 18.76 | SAR 18.79 | -0.17% |
10 USDT | SAR 37.52 | SAR 37.58 | -0.17% |
50 USDT | SAR 187.59 | SAR 187.91 | -0.17% |
100 USDT | SAR 375.19 | SAR 375.81 | -0.17% |
500 USDT | SAR 1,875.94 | SAR 1,879.07 | -0.17% |
1,000 USDT | SAR 3,751.88 | SAR 3,758.13 | -0.17% |
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