USDT/SGD: Convert Tether (USDT) to Singapore Dollar (SGD)

1 Tether equals S$1.29 Singapore Dollar

Last update: 5:28 PM, September 19, 2024

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Overview

About Tether (USDT)

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 (USDT) and Singapore Dollar (SGD) differ

Tether (USDT) and the Singapore Dollar (SGD) 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 US dollar, 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 US dollar equivalent across borders without the need for intermediaries like banks. On the other hand, the Singapore Dollar is a traditional fiat currency issued by the Monetary Authority of Singapore. It is used for all types of transactions within Singapore and can be physically held and spent. Unlike Tether, the value of the Singapore Dollar can fluctuate based on economic factors such as inflation, interest rates, and the country's economic performance. While Tether aims to modernize the financial system by enabling transactions on the blockchain, the Singapore Dollar operates within the established, conventional financial system.

Tether Markets

Tether is climbing this week.

The current price of Tether is S$1.29 per USDT. With a circulating supply of 118,891,598,050.372 USDT, it means that Tether has a total market cap of S$153,710,711,524.40. The amount of Tether traded has risen by S$70,956,010,862.38 in the last 24 hours, which is a 67.54% increase. Additionally, in the last day, S$105,050,640,310.06 worth of USDT has been traded.

Market cap

£153.7B

Volume (24h)

£105.1B

Circulating supply

118.9B USDT

Conversion tables

The exchange rate of Tether is increasing.

The current value of 1 USDT is S$1.29 SGD. In other words, to buy 5 Tether, it would cost you S$6.46 SGD. Inversely, S$1.00 SGD would allow you to trade for 0.77 USDT while S$50.00 SGD would convert to 38.68 USDT, not including platform or gas fees.

In the last 7 days, the exchange rate has increased by 0.03%. Meanwhile, in the last 24 hours, the rate has changed by 0.02%, which means that the the highest exchange rate of 1 USDT to Singapore Dollar was 1.000295 SGD and the lowest 24 hour value was 1 USDT for 0.999935 SGD. This time last month, the value of 1 USDT was S$1.29 SGD, which is a 0% increase from where it is now. Looking back a year, Tether has changed by S$-0.00 SGD.

USDT to SGD

Amount
Today at 5:28 pm
0.5 USDT
S$0.65
1 USDT
S$1.29
5 USDT
S$6.46
10 USDT
S$12.93
50 USDT
S$64.63
100 USDT
S$129.25
500 USDT
S$646.26
1,000 USDT
S$1,292.53

SGD to USDT

Amount
Today at 5:28 pm
0.5 SGD
0.39 USDT
1 SGD
0.77 USDT
5 SGD
3.87 USDT
10 SGD
7.74 USDT
50 SGD
38.68 USDT
100 SGD
77.37 USDT
500 SGD
386.84 USDT
1,000 SGD
773.68 USDT

Today vs. 24 hours ago

Amount
Today at 5:28 pm
24 hours ago
24H Change
0.5 USDT
S$0.65
S$0.65
+0.02%
1 USDT
S$1.29
S$1.29
+0.02%
5 USDT
S$6.46
S$6.46
+0.02%
10 USDT
S$12.93
S$12.92
+0.02%
50 USDT
S$64.63
S$64.61
+0.02%
100 USDT
S$129.25
S$129.22
+0.02%
500 USDT
S$646.26
S$646.12
+0.02%
1,000 USDT
S$1,292.53
S$1,292.24
+0.02%

Today vs. 1 month ago

Amount
Today at 5:28 pm
1 months ago
1M Change
0.5 USDT
S$0.65
S$0.65
0.00%
1 USDT
S$1.29
S$1.29
0.00%
5 USDT
S$6.46
S$6.46
0.00%
10 USDT
S$12.93
S$12.92
0.00%
50 USDT
S$64.63
S$64.62
0.00%
100 USDT
S$129.25
S$129.25
0.00%
500 USDT
S$646.26
S$646.23
0.00%
1,000 USDT
S$1,292.53
S$1,292.46
0.00%

Today vs. 1 year ago

Amount
Today at 5:28 pm
1 year ago
1Y Change
0.5 USDT
S$0.65
S$0.65
+0.01%
1 USDT
S$1.29
S$1.29
+0.01%
5 USDT
S$6.46
S$6.46
+0.01%
10 USDT
S$12.93
S$12.92
+0.01%
50 USDT
S$64.63
S$64.62
+0.01%
100 USDT
S$129.25
S$129.24
+0.01%
500 USDT
S$646.26
S$646.22
+0.01%
1,000 USDT
S$1,292.53
S$1,292.43
+0.01%

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