USDT-SGD price

The USDT is a stablecoin pegged 1-to-1 to the US dollar. It is centralized, as it is backed by a reserve made of cash, U.S. Treasury Bills and other types of securities. It is currently the largest stablecoin of the market.

Right now, 1 USDT is worth S$ .

Right now, 1 Singapore dollar is equal to USDT.

Tether is the company issuing and managing the USDT and EURT stablecoins. Created in 2014, it is based in the British Virgin Islands.

A stablecoin is a type of cryptocurrency designed to have the same value as a given fiat currency, like the US dollar. Its purpose is to let users invest in and out of volatile crypto-assets easily while remaining on chain, to facilitate crypto payments, and to denominate the price of other tokens in currencies that people are familiar with.

Tether being based in the British Virgin Islands, the USDT isn't regulated by any major supervising authority. It has often been challenged for its lack of transparency, but Tether has recently stepped up its efforts to address that issue. It notably publishes audit reports and daily data on the state of its reserves here. However, the USDT has been live since 2014 and hasn't experienced any significant issue or depeg event. For a more detailed analysis of USDT's safety, read its rating on bluechip.org.

The USDT is designed to follow the price of the US dollar, it is therefore determined by it. Maintaining such peg mechanism is challenging, and it is possible for the USDT to deviate from the US dollar price for various technical or market reasons.

You never store USDT in itself. Instead, you store the private key giving you access and control over a wallet address that contains USDT. That key is stored in a wallet, which provides an interface to use it. To learn more, read our in-depth guide on storing crypto assets.

To send USDT, you use a crypto wallet like Bridge Wallet where you will choose the amount to send and the destination address. Confirm and send, that's it!

You can buy USDT with us here from Singapore by sending us bank transfers in SGD, avoiding that way unnecessary currency exchange fees. For more information, have a look at our step-by-step tutorial on how to buy USDT.

You can swap USDT here against one of the cryptocurrencies that we support, using any self-custodial Tether USD wallet. For more information, have a look at our step-by-step tutorial on how to swap USDT.

To cash out Tether USD with us, you simply need to transfer your crypto to our address. We'll convert your USDT in SGD, then transfer the funds to your bank account in Singapore. For more information, have a look at our step-by-step tutorial on how to sell USDT.