Convert and Swap Tether USDT to Swedish Krona SEK
USDT/SEK: 1 Tether equals SEK 11.02 SEK
Last update: 9:01 AM, December 23, 2024
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Tether is falling this week.
The current price of Tether is SEK 11.02 per USDT. With a circulating supply of 139,848,269,931.163 USDT, it means that Tether has a total market cap of SEK 1,542,388,672,298.21. The amount of Tether traded has fallen by SEK 69,731,911,324.27 in the last 24 hours, which is a 5.06% decrease. Additionally, in the last day, SEK 1,377,106,929,989.29 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 Swedish Krona differ
Tether (USDT) and the Swedish Krona (SEK) are both mediums of exchange, but they operate in fundamentally different ways. Tether is a digital currency, launched in 2014, that aims to facilitate the use of traditional fiat currencies in a digital format. It's a stablecoin, meaning its value is pegged 1:1 to the USD, providing a robust and decentralized method of exchanging value using a familiar accounting unit. Tether operates on several leading blockchains and every Tether token is backed 100% by Tether's reserves. On the other hand, the Swedish Krona is a traditional fiat currency, issued and regulated by the Swedish central bank. It's value is determined by various factors including inflation, interest rates, and the country's economic performance. Unlike Tether, the Swedish Krona is not pegged to any other currency and its value can fluctuate. While Tether provides a simple way to transact a U.S. dollar equivalent globally via blockchain, the Swedish Krona is primarily used within Sweden and requires traditional banking systems for international transactions.
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USDT to Swedish Krona conversion tables
The exchange rate of Tether is decreasing.
The current value of 1 USDT is SEK 11.02 SEK. In other words, to buy 5 Tether, it would cost you SEK 55.12 SEK. Inversely, SEK 1.00 SEK would allow you to trade for 0.0907 USDT while SEK 50.00 SEK would convert to 4.5355 USDT, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 0.05%. Meanwhile, in the last 24 hours, the rate has changed by 0.02%, and that the the highest exchange rate of 1 USDT to Swedish Krona was SEK 11.04 SEK and the lowest 24 hour value was 1 USDT for SEK 11.00 SEK. This time last month, the value of 1 USDT was SEK 11.05 SEK, which is a 0.21% increase from where it is now. Looking back a year, Tether has changed by SEK 10.01 SEK. That means that in a single year, the value of Tether has shrank by 0.14%.
USDT to SEK performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
SEK 11.03 SEK | -0.02% | SEK 10.96 SEK | -0.05% | SEK 11.05 SEK | -0.21% | SEK 10.01 SEK | -0.14% |
USDT to SEK
Amount | Today at 9:01 am |
|---|---|
0.5 USDT | SEK 5.51 |
1 USDT | SEK 11.02 |
5 USDT | SEK 55.12 |
10 USDT | SEK 110.24 |
50 USDT | SEK 551.20 |
100 USDT | SEK 1,102.41 |
500 USDT | SEK 5,512.04 |
1,000 USDT | SEK 11,024.08 |
SEK to USDT
Amount | Today at 9:01 am |
|---|---|
0.5 SEK | 0.0454 USDT |
1 SEK | 0.0907 USDT |
5 SEK | 0.45 USDT |
10 SEK | 0.91 USDT |
50 SEK | 4.54 USDT |
100 SEK | 9.07 USDT |
500 SEK | 45.36 USDT |
1,000 SEK | 90.71 USDT |
Today vs. 24 hours ago
Amount | Today at 9:01 am | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 USDT | SEK 5.51 | SEK 5.51 | -0.02% |
1 USDT | SEK 11.02 | SEK 11.03 | -0.02% |
5 USDT | SEK 55.12 | SEK 55.13 | -0.02% |
10 USDT | SEK 110.24 | SEK 110.26 | -0.02% |
50 USDT | SEK 551.20 | SEK 551.29 | -0.02% |
100 USDT | SEK 1,102.41 | SEK 1,102.57 | -0.02% |
500 USDT | SEK 5,512.04 | SEK 5,512.87 | -0.02% |
1,000 USDT | SEK 11,024.08 | SEK 11,025.74 | -0.02% |
Today vs. 1 month ago
Amount | Today at 9:01 am | 1 months ago | 1M Change |
|---|---|---|---|
0.5 USDT | SEK 5.51 | SEK 5.52 | -0.19% |
1 USDT | SEK 11.02 | SEK 11.05 | -0.19% |
5 USDT | SEK 55.12 | SEK 55.23 | -0.19% |
10 USDT | SEK 110.24 | SEK 110.45 | -0.19% |
50 USDT | SEK 551.20 | SEK 552.26 | -0.19% |
100 USDT | SEK 1,102.41 | SEK 1,104.51 | -0.19% |
500 USDT | SEK 5,512.04 | SEK 5,522.55 | -0.19% |
1,000 USDT | SEK 11,024.08 | SEK 11,045.10 | -0.19% |
Today vs. 1 year ago
Amount | Today at 9:01 am | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 USDT | SEK 5.51 | SEK 5.52 | -0.13% |
1 USDT | SEK 11.02 | SEK 11.04 | -0.13% |
5 USDT | SEK 55.12 | SEK 55.19 | -0.13% |
10 USDT | SEK 110.24 | SEK 110.39 | -0.13% |
50 USDT | SEK 551.20 | SEK 551.95 | -0.13% |
100 USDT | SEK 1,102.41 | SEK 1,103.89 | -0.13% |
500 USDT | SEK 5,512.04 | SEK 5,519.46 | -0.13% |
1,000 USDT | SEK 11,024.08 | SEK 11,038.92 | -0.13% |
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