Latest Update: USDT to IDR Exchange Rate Today

Bittime - Tether (USDT) is a stablecoin pegged to the US dollar, issued by Tether Limited and used as a hedge in the crypto market. The current value of Tether against the Indonesian Rupiah (IDR) is stable at 16,475.50 IDR.

What is Tether?

Tether Limited, which shares a CEO with crypto exchange Bitfinex, issues tether tokens. Tether previously claimed that all reserves were backed by Tether currency. However, after Tether's lawyers stated in 2019 that only 74% of support, or a small portion of its reserves, was backed, Tether stated that the definition of total support included loans to affiliates.

What Is Tether Used For?

Tether is used as a hedge against the uncertainty of the crypto market due to its stability. Since each USDT token is pegged to one dollar, Tether can serve as a fiat on-ramp and off-ramp for crypto trading, most Bitcoin trading is done with it. Therefore, keeping money in Tether protects it from regular cryptocurrency market volatility.

USDT to IDR Chart Today

Based on data from coingecko, Tether (USDT) is worth 16,475.50 IDR today, which is 0.0% up from one hour ago and 0.0% up since yesterday. The value of USDT today is 1.3% higher compared to its value 7 days ago. In the last 24 hours, the total amount of Tether added was 633,602,672,225,652 IDR.

Conclusion

Tether Limited, which is associated with Bitfinex, issued the stablecoin Tether (USDT), which is pegged to the US dollar to provide stability in the volatile crypto market. In 2019, only 74 percent of its reserves received full support. Tether is used for crypto trading as a fiat on-ramp and off-ramp tool and to hedge against crypto market volatility.

The value of Tether (USDT) against the Indonesian Rupiah (IDR) is currently stable at 16,475.50 IDR, up 1.3% from the previous week. In the last 24 hours, Tether's trading volume reached 633,602,672,225,652 IDR, showing that Tether is still an important component in crypto trading.

How To Buy Crypto With Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.