Convert Polygon MATIC to Tether USDT
MATIC to USDT: 1 Polygon converts to 0.22 USDT as of June 4 at 1:33 PM
About MATIC and USDT
Polygon is falling, while Tether is climbing this week. The current MATIC to USDT conversion rate is 0.22. Inversely, this means that if you convert 1 USDT you will get 4.64 MATIC. The conversion rate of MATIC/USDT has increased by 0.33% in the last hour (USDT/MATIC decreased by 0.33%). In the last 24 hours, MATIC/USDT shrunk by 1.16%, while USDT/MATIC grew by the same amount.
The exchange rate of Polygon is decreasing. The current value of 1 MATIC is 0.22 USDT. In other words, to buy 5 Polygon, it would cost you 1.08 USDT. Inversely, 1 USDT would allow you to trade for 4.64 MATIC while 50 USDT would convert to 232.15 MATIC, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 7.21%. Meanwhile, in the last 24 hours, the rate has changed by 1.02%, and that the highest exchange rate of 1 MATIC to USDT was 0.22 USDT and the lowest 24 hour value was 1 MATIC for 0.21 USDT. Last month, 1 MATIC was worth 0.23 USDT. Today, it's down 6.43%. Looking back a year, Polygon has changed by 0.72 USDT. That means that in a single year, the value of Polygon has shrank by 236.53%.
Polygon Market Stats
Polygon was formerly called Matic Network. Polygon (MATIC) is an Ethereum token that powers the Polygon Network, a scaling solution for Ethereum. Polygon aims to provide faster and cheaper transactions on Ethereum using Layer 2 sidechains, which are blockchains that run alongside the Ethereum main chain. Users can deposit Ethereum tokens to a Polygon smart contract, interact with them within Polygon, and then later withdraw them back to the Ethereum main chain. The MATIC token is used to pay transaction fees and participate in proof-of-stake consensus.
Tether Market Stats
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.
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