Tether-Philippine Peso Exchange Rate Plummets 50% in 24 Hours

The exchange rate for Philippine Peso (PHP) to Tether USDT has fluctuated significantly, with a current price of approximately ₱0.01597224 per PHP. This represents a decline of 50% over the last 24 hours, according to Bybit's data.

Tether has a market capitalization of ₱11.51T PHP and a circulating supply of 184B USDT. The current exchange rate is volatile, and investors should exercise caution when converting between these two assets.