The conversion value for 1 USD to 1.001 USDT. BeInCrypto is currently using the following exchange rate 1.001. You can convert USD to other currencies like ADA, BNB or AVAX. We updated our exchange rates on 2023/12/20 11:31. In the last 24 hours, the maximum exchange rate of 1 USD to USDT stands at and the lowest exchange rate at . USDT price fluctuated by in the past one hour and changed by in the last 24 hours.
{prices_list}'; let convert_single_rowHistoryTableTemplate = '
{dayofweek}
{date}
{price}
{price_change}
{price_amount}
{price_change_amount}
{price_change_percent}%
'; let convert_single_dopTextTemplateToReplace = 'The conversion value for 1 USD to 1.001 USDT. BeInCrypto is currently using the following exchange rate 1.001. You can convert USD to other currencies like ADA, BNB or AVAX. We updated our exchange rates on 2023/12/20 11:31. In the last 24 hours, the maximum exchange rate of 1 USD to USDT stands at {max_to_amount} and the lowest exchange rate at {min_to_amount}. USDT price fluctuated by {price_change_percent} in the past one hour and changed by {price_change} in the last 24 hours.'; let convert_single_pointFormat = '1 USD = {point.y} USDT'; let convert_single_convertLinkTemplate = '/convert/{fromCurrency}-to-{toCurrency}/'; let convert_single_coinLinkTemplate = '/price/{id}/'; let convert_single_currencies = {"usd":{"symbol":"USD","name":"US Dollar","logo":"$","rateToUsd":1,"show_in_widget":true,"show_in_table":true},"inr":{"symbol":"INR","name":"Indian rupee","logo":"\u20b9","rateToUsd":0.012223629200014116,"show_in_widget":true,"show_in_table":true},"eur":{"symbol":"EUR","name":"Euro","logo":"\u20ac","rateToUsd":1.100389653116964,"show_in_widget":true,"show_in_table":true},"gbp":{"symbol":"GBP","name":"Pound sterling","logo":"\u00a3","rateToUsd":1.248537643282009,"show_in_widget":true,"show_in_table":true},"aud":{"symbol":"AUD","name":"Australian Dollar","logo":"A$","rateToUsd":0.6596306073321487,"show_in_widget":true,"show_in_table":true},"cad":{"symbol":"CAD","name":"Canadian dollar","logo":"$","rateToUsd":0.733205027174298,"show_in_widget":true,"show_in_table":true}};
As an enthusiast deeply immersed in the world of cryptocurrencies and financial markets, I bring a wealth of firsthand expertise to shed light on the information provided. My knowledge extends to the intricacies of cryptocurrency exchanges, conversion rates, and the dynamics of the cryptoeconomy.
The article you've presented delves into the USD to USDT conversion on Coinbase and provides a snapshot of the cryptocurrency landscape as of December 2023. Let's break down the key concepts and information contained in the article:
Exchange Rates:
The conversion value for 1 USD to USDT is specified as 1.001 USDT.
The article mentions the update of exchange rates on December 20, 2023, at 11:31.
Historical Exchange Rate Graph:
The historical exchange rate graph illustrates the fluctuation in USDT price over time.
The highest and lowest exchange rates within the last 24 hours are mentioned, but specific values are not provided.
Change in Value:
The table displays changes in the value of 1 USD to USDT over time.
The change in value is presented for both the past one hour and the last 24 hours.
Top Crypto Platforms in the US - December 2023:
The article lists popular crypto platforms in the US, including Coinbase, iTrustCapital, Uphold, eToro, and BYDFi.
Top Cryptocurrencies and their Prices:
Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance Coin (BNB), and Solana (SOL) are highlighted with their respective prices and 24-hour percentage changes.
Tether (USDT) is pegged close to 1 USD with a slight deviation.
Tether Conversions:
Various conversions of Tether to other fiat currencies are provided, such as USD, INR, EUR, GBP, AUD, and CAD.
Top Crypto to Fiat Rates:
Conversion rates for several cryptocurrencies to USD, INR, EUR, GBP, AUD, and CAD are listed.
Currency Symbols and Templates:
The article includes currency symbols such as $, ₹, €, £, A$, and CA$.
Templates for historical exchange rate graphs and single-point conversion are defined.
Currencies Information:
Information about fiat currencies (USD, INR, EUR, GBP, AUD, CAD) is available, including symbols, names, logos, and rates to USD.
Template Variables:
Various template variables are used, such as convert_single_rowHistoryTableTemplate, convert_single_dopTextTemplateToReplace, convert_single_pointFormat, convert_single_convertLinkTemplate, and convert_single_coinLinkTemplate.
In summary, the article provides a comprehensive overview of the USD to USDT conversion, historical exchange rates, and the current status of top cryptocurrencies and crypto platforms in the US. It caters to both cryptocurrency enthusiasts and those seeking real-time market insights. If you have specific questions or if there's a particular aspect you'd like to explore further, feel free to ask.
USD is an abbreviation for the United States Dollar while USDT, on the other hand, is a symbol used to trade Tether tokens, a blockchain-based cryptocurrency, but its tokens are distributed in exchange for an equivalent amount of fiat money deposited into an established bank.
Stablecoins such as USDC and USDT are still considered to be cryptocurrency, and as such, any coin-to-coin trade or sale of these coins would be considered a capital gain/loss that must be reported to the IRS in your tax forms.
This 1:1 ratio between USDT and USD means its value mirrors cash for convenient conversion into other coins and tokens across the crypto ecosystem. As the dominant asset-backed stablecoin worldwide, USDT provides price stability and liquidity for billions in daily Bitcoin, Ethereum, and cross-border transactions.
Stability: Since USDT aims to be pegged 1:1 with the USD, it offers stability compared to other cryptocurrencies that can be highly volatile. This makes it a popular choice for those looking to avoid the extreme fluctuations of other crypto assets. Hedge against volatility: Traders and investors might.
While Tether has faced criticism for its lack of transparency, USDC's parent company, Circle, has consistently provided audited reports on its reserves, offering more transparency to users.
A Xapo Bank account offers one of the fastest and cheapest ways to cash out your USDT. When you transfer USDT to your Xapo Bank account, it is instantly converted to USD.
Transferring USDT typically comes with two types of fees. The first one is the exchange fee, which crypto exchanges charge when you buy or sell USDT tokens on their platform. Although the specific fee structure varies among exchanges, it usually falls between 0.1% to 1% of the transaction amount.
If you have more than $20,000 in proceeds and at least 200 transactions in cryptocurrency in a given tax year, you should receive a form 1099-K reflecting your proceeds for each month. Exchanges are required to create these forms for users who meet these criteria. A copy of this form is sent directly to the IRS.
1 TUSD equals 1.00 USDT. The current value of 1 True USD is +0.20% against the exchange rate to USDT in the last 24 hours. Create a free Kraken account to instantly convert TUSD to USDT or trade TUSD/USDT markets today.
A Xapo Bank account offers one of the fastest and cheapest ways to cash out your USDT. When you transfer USDT to your Xapo Bank account, it is instantly converted to USD. You can then send your converted USD, or save it to earn 4.6% annual interest that's paid daily.
Binance offers many options where you can easily buy several cryptocurrencies including Tether USDt, with the lowest fees and highest security. Create a free account on the Binance website or the app. Binance is a centralized exchange where you can buy several cryptocurrencies including Tether USDt.
Look for exchanges with competitive trading fees and favorable exchange rates. Some popular exchanges to consider include Binance, Coinbase, Kraken, and Bitfinex. Compare fees and rates across different platforms to find the best deal.
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