USDT is a stablecoin pegged to the US dollar, so in theory 1 USDT ≈ 1 USD. This tool converts quickly between USDT, dollars and your local currency. Rates move with the market — use the live quote and the P2P price on your exchange.
Enter your local currency's price for 1 USDT — the 7.2 default is just a CNY example, so replace it with your own rate (e.g. EUR ≈ 0.92, IDR ≈ 16,000, VND ≈ 25,400). Rates move with the market, and the real P2P buy price is usually a touch higher — use the live quote.
This conversion is an estimate only. Stablecoins occasionally lose the peg briefly, and P2P quotes, merchant premiums and fees all affect what you actually receive — the fill price on the trade page is what counts.
| USDT | Approx. local | Approx. USD |
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The table updates live with the rate you set above and is an estimate only.
USDT (Tether) is a stablecoin issued by Tether, designed so that 1 USDT always tracks 1 US dollar. The issuer says every USDT is backed by a corresponding dollar or equivalent reserve, and market arbitrage helps too — when the price drifts from a dollar, arbitrageurs buy low and sell high to pull it back — so USDT hovers in a narrow band around a dollar over the long run. Its point is that you can hold a dollar stand-in inside the crypto world that barely moves, handy for pricing, hedging and moving funds between exchanges.
Pay attention to the word "roughly." USDT isn't always exactly a dollar; historically it has briefly lost the peg, slipping to 0.95 or lower before drifting back to 1. So this converter treats USDT → USD as 1:1 as a convenient approximation, but for an actual trade, use the live price on the trade page.
So why does buying USDT on P2P often cost more than "1 USDT = the FX rate"? Because P2P is a peer-to-peer marketplace and the price a merchant quotes already includes their profit. When lots of people are buying and the market is hot, merchants push the USDT price up, and you may have to pay a local-currency price above the official dollar rate to fill — that gap is the premium. Selling USDT, conversely, often fetches a slightly lower price. So the default rate above is only for a rough estimate; your real cost depends on the P2P quote at the moment.
Two straight tips for beginners: first, buy USDT from reputable, high-volume merchants on the platform, and avoid quotes that stray well off the market price. Second, understand P2P fund safety before you deposit, so a cheap price doesn't lead you into a frozen-account trap. To complete your first USDT purchase safely, read the Binance funding and deposit guide and Buying USDT safely on P2P before you start.