Why is USDT IDR a Popular Choice for Digital Transactions?

Bittime - Find out all about the famous stablecoin Tether (USDT), whose value is tied to the US dollar. Learn its price history, latest trends, and how USDT works against the Indonesian Rupiah (IDR). In this article, you will find information about crypto market movements and information about the third largest crypto asset.

What is USDT?

USDT is issued by Tether, a company owned by iFinex, a Hong Kong-registered company that also owns crypto exchange BitFinex. Tether is a crypto asset symbol pegged to the US dollar, which means USDT is a stablecoin whose value fluctuates against the US dollar.

By volume, Tether's USDT was the third-largest crypto asset as of March 2024, with a market capitalization of nearly $99 billion, trailing Bitcoin (BTC), Ethereum (ETH), and the largest stablecoins. In 2023 and early 2024, Tether's USDT was also the third largest crypto asset.

What is the Highest Price of USDT/IDR in History?

The highest value of 1 USDT in IDR was IDR 18,947.66, which was almost 6 years ago, on July 24 2018. This highest price will remain visible if it happens again in the future.

What is the Price Trend of Tether in IDR?

The price of Tether (USDT) has risen by 1.40% against the price of Indonesian Rupiah (IDR) in the last few days. However, Tether has risen 13.80% in the broader crypto market.

7-day price history of Tether (USDT) to IDR

View the week-long 24-hour price movement of Tether (USDT) in IDR and its daily price:

In the last seven days, the price of Tether (USDT) in IDR experienced the highest daily movement of IDR 16,286.55 on Wednesday and the lowest movement of IDR 16,208.16 on Tuesday. The USDT price in IDR experienced the largest movement in one day amounting to IDR 78.39 (0.5%).

Check Today's Crypto Market USDT/IDR

Conclusion

Tether, a subsidiary of Tether, issues the stablecoin USDT, whose value is tied to the US dollar. With a market capitalization of nearly $99 billion, USDT was the third largest crypto asset as of March 2024. The highest USDT/IDR price ever recorded was IDR 18,947.66 in July 2018. The USDT price against IDR rose 1.40% in the last seven days, while the overall crypto market rose 13.80%.

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.