Bitget App
Trade smarter
Buy cryptoMarketsTradeCopyBotsEarnWeb3
base info Tether USDt

Tether USDt to Pound Sterling Converter and calculator

Convert 1Tether USDt (USDT) to Pound Sterling (GBP) equals £ 0.7909 | Bitget
USDT
USDT
swap
GBP
Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
Want to display this on your website?
Bitget converter offers real-time exchange rates, allowing for easy conversion of Tether USDt(USDT) to Pound Sterling(GBP). This is the real-time data. The current conversion shows 1 USDT at a value of 1 USDT for 0.79 GBP . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

GBP information

About the Pound Sterling (GBP)

What Is the Pound Sterling (GBP)?

The Pound Sterling, commonly known as the sterling or pound and abbreviated as GBP, is the national currency of the United Kingdom (including England, Scotland, Wales, and Northern Ireland), the Isle of Man, South Sandwich Islands, Gibraltar, South Georgia, and the British Antarctic Territory. It holds the distinction of being the oldest currency still in continuous use today. The symbol for the pound is £, and it is divided into 100 smaller units called pence.

GBP is the fourth most traded currency in the foreign exchange market, following the US dollar, the euro, and the Japanese yen. It is also part of the basket of currencies used by the International Monetary Fund (IMF) to calculate its special drawing rights. The Bank of England, the central bank of the UK, is responsible for issuing and regulating the pound. While banknotes are issued in England and Wales by the Bank of England, Scotland and Northern Ireland have their own banknotes, which are not governed by the Bank of England but are accepted throughout the UK.

What Is the History of GBP?

The term "pound sterling" originates from the Latin word "libra," denoting balance and weight. The pound coin was first introduced in 1489 during the reign of Henry VII. The Bank of England, established in 1694, began issuing pound notes shortly thereafter. These notes were initially handwritten. The pound operated in a complex system of shillings and pennies until 1971 when the decimal system was adopted. The UK allowed the pound to float freely in the currency market in 1971, letting market forces determine its value. Despite the introduction of the euro in 2002, the UK chose to retain the pound as its currency.

Notes and Coins of GBP

The pound sterling is available in various denominations. Banknotes are issued in £5, £10, £20, and £50 denominations, with some being printed on polymer for durability. Coins are minted in 1p, 2p, 5p, 10p, 20p, 50p, £1, and £2 denominations.

What Is a Quid?

"Quid" is a slang term commonly used in the United Kingdom to refer to the British pound sterling (GBP), the currency of the United Kingdom. Its exact origin is unclear, but the most accepted theory is that it derives from the Latin phrase "quid pro quo," meaning "something for something," often used in financial and legal contexts. Another less substantiated theory links it to the Royal Mint in Quidhampton, Wiltshire. Over time, "quid" has become synonymous with "pound" in everyday British vernacular, used in the same informal manner as "bucks" is for dollars in the United States. Notably, the term remains singular regardless of the amount, so one would say "twenty quid" instead of "twenty quids."

Why Is GBP Worth More Than USD?

The British Pound (GBP) often holds a higher value than the US Dollar (USD) due to a combination of historical, economic, and market factors, rather than a direct reflection of the respective economies' strength. Historically, the GBP was the dominant currency in foreign exchange, with £1 fetching more than $5 before World War I. As of January 2024, the GBP continued to exhibit strength, maintaining a value of over 1.25 USD. This resilience is evident even after significant events like the 2007–2009 financial crisis, where the GBP peaked at just over 2.00 USD but later stabilized to 1.40–1.45. The impact of Brexit in 2016 further influenced this dynamic, causing a sharp fall in the GBP from the 1.40–1.45 range to 1.20–1.25, and reaching a 30-year low of about $1.05 in September 2022. This trend reflects the relative economic conditions of the UK and the US, with the UK facing challenges from Brexit and the US economy showing improvement. The total circulation of GBP is also much lower than that of USD, contributing to its higher nominal value.

Show more
Bitget crypto-to-fiat exchange data shows that the most popular Tether USDt currency pair is the USDT to GBP, with for Tether USDt's currency code being USDT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for GBP.

USDT to GBP conversion rate trend

1D7D1M3M1YAll
In the past 1D, Tether USDt has changed +0.09% to GBP. Based on the trend and price charts, Tether USDt(USDT) has changed +0.09% to GBP while Pound Sterling(GBP) has changed % to USDT in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
£0.7909
0.0001% / 0.0004%vip-iconVIP
Last updated 2024/03/02 06:49:09(UTC+0)

What factors influence the conversion rate of Tether USDt to Pound Sterling?

Tether USDt to Pound Sterling is rising this week.
Tether USDt's current market price is £ 0.7909 per USDT, with a total market cap of £ 78,441,516,013.93 GBP based on a circulating supply of 99,179,340,000 USDT. The trading volume of Tether USDt has changed by -19.93% (£ -15,801,916,204.41 GBP) in the last 24 hours. Last trading day, USDT's trading volume was £ 79,272,766,607.19.
Market cap
$99.29B
24h volume
$80.34B
Circulating supply
99.18B USDT

Conversion tables

The exchange rate of Tether USDt is increasing.
1 USDT is currently valued at £ 0.7909 GBP , which means buying 5 USDT will cost £ 3.95 GBP . Similarly, £1 GBP can be traded for 1.26 USDT, and £50 GBP can be converted to 63.22 USDT, excluding any platform or gas fees.
The exchange rate of 1 USDT to Pound Sterling has changed by +0.14% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.09%, reaching a high of 0.7911 GBP and a low of 0.7897 GBP . One month ago, the value of 1 USDT was £ 0.7893 GBP , which represents a +0.20% change from its current value. Over the last year, Tether USDt has changed by
+£
0.0006059GBP
, resulting in a change of +0.08% in its value.

USDT to GBP

Amount
06:49 am today
0.5 USDT
£0.3955
1 USDT
£0.7909
5 USDT
£3.95
10 USDT
£7.91
50 USDT
£39.55
100 USDT
£79.09
500 USDT
£395.45
1000 USDT
£790.91

GBP to USDT

Amount06:49 am today
0.5GBP0.6322  USDT
1GBP1.26  USDT
5GBP6.32  USDT
10GBP12.64  USDT
50GBP63.22  USDT
100GBP126.44  USDT
500GBP632.19  USDT
1000GBP1,264.37  USDT
share

Today vs. 24 hours ago

Amount06:49 am today24 hours ago24h change
0.5 USDT$0.5006$0.5001
+0.09%
1 USDT$1$1
+0.09%
5 USDT$5.01$5
+0.09%
10 USDT$10.01$10
+0.09%
50 USDT$50.06$50.01
+0.09%
100 USDT$100.11$100.02
+0.09%
500 USDT$500.57$500.1
+0.09%
1000 USDT$1,001.15$1,000.2
+0.09%

Today vs. 1 month ago

Amount06:49 am today1 month ago1M change
0.5 USDT$0.5006$0.4996
+0.20%
1 USDT$1$0.9992
+0.20%
5 USDT$5.01$5
+0.20%
10 USDT$10.01$9.99
+0.20%
50 USDT$50.06$49.96
+0.20%
100 USDT$100.11$99.92
+0.20%
500 USDT$500.57$499.58
+0.20%
1000 USDT$1,001.15$999.15
+0.20%

Today vs. 1 year ago

Amount06:49 am today1 year ago1Y change
0.5 USDT$0.5006$0.5002
+0.08%
1 USDT$1$1
+0.08%
5 USDT$5.01$5
+0.08%
10 USDT$10.01$10
+0.08%
50 USDT$50.06$50.02
+0.08%
100 USDT$100.11$100.04
+0.08%
500 USDT$500.57$500.19
+0.08%
1000 USDT$1,001.15$1,000.38
+0.08%

How to buy Tether USDt

buy-coin-step-0-img
Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
buy-coin-step-1-img
Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
buy-coin-step-2-img
Add a Payment Method
Add a credit/debit card or bank account after verifying your Bitget account.
buy-coin-step-3-img
Buy Tether USDt (USDT)
Use a variety of payment options to buy Tether USDt on Bitget. We'll show you how.
Learn More

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.