Parallel market rate. Updated every minute from live P2P sources.
Parallel Market Rate
₦1,367
per 1 USDT
CBN Approx.
₦1,597
Spread
-14.4%
Quick Conversion
1 USDT₦1,367
10 USDT₦13,670
50 USDT₦68,350
100 USDT₦136,700
500 USDT₦683,500
1,000 USDT₦1,367,000
5,000 USDT₦6,835,000
USD/NGN
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Frequently Asked Questions
What is the current USDT to NGN rate?
Since Tether (USDT) is pegged 1:1 to the US Dollar, the USDT/NGN rate mirrors the USD/NGN parallel market rate shown above.
Why is USDT popular for Nigeria remittances?
USDT is fast, borderless, and trades close to the USD parallel rate on P2P platforms like Binance and Bybit — making it the most popular way to move money in and out of Nigeria.
Is USDT the same as USD?
USDT (Tether) is a stablecoin pegged to 1 USD. It trades at approximately 1:1 with USD on most exchanges.
How do I convert USDT to Naira?
Multiply your USDT amount by the current rate. At ₦1,600/USDT, 100 USDT equals ₦160,000.