The prices of the digital currency USDT rose in Egypt on the Binance platform, this morning, Saturday, December 16, 2023, to the level of 51.80 Egyptian pounds for buying and selling via the Vodafone Cash service, while prices via the InstaPay service reached 51.37 Egyptian pounds for buying and 51.08 pounds for selling.
The prices of USDT, or what is known as the digital dollar, witnessed a decline in the recent period, reaching levels of 47 pounds, before rising again to its current level during the past days.
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USDT is considered a stable digital currency, with its value pegged to the US dollar. Investors in Egypt use it as an alternative to hard currency and transfers to and from outside the country, as it is easy to trade and convert to local currencies quickly and at a fair price on the black market and without intermediaries.
It is noteworthy that the prices of digital currencies are very volatile and can change significantly in a short time, and the exchange rate of USDT in Egypt via InstaPay is lower than Voda Phone Cash.
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2023-12-16 07:07:01
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