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Bitget: Ranked top 4 in global daily trading volume!
BTC market share60.70%
New listings on Bitget:Pi Network
Altcoin season index:0(Bitcoin season)
BTC/USDT$87357.01 (+3.65%)Fear and Greed Index45(Neutral)
Total spot Bitcoin ETF netflow +$83.1M (1D); +$549.9M (7D).Coins listed in Pre-MarketNIL,PAWS,WCTWelcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
Bitget: Ranked top 4 in global daily trading volume!
BTC market share60.70%
New listings on Bitget:Pi Network
Altcoin season index:0(Bitcoin season)
BTC/USDT$87357.01 (+3.65%)Fear and Greed Index45(Neutral)
Total spot Bitcoin ETF netflow +$83.1M (1D); +$549.9M (7D).Coins listed in Pre-MarketNIL,PAWS,WCTWelcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
USDY
BRL
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refresh
Want to display this on your website?Bitget converter offers real-time exchange rates, allowing for easy conversion of Ondo US Dollar Yield(USDY) to Brazilian Real(BRL). This is the real-time data. The current conversion shows 1 USDY at a value of 1 USDY for 6.26 BRL . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.
BRL information
About the Brazilian Real (BRL)
What Is the Brazilian Real (BRL)?
The Brazilian Real (BRL), symbolized as R$ and denoted by the ISO code BRL, is the official currency of Brazil. The term "real" in Portuguese means both "royal" and "real." The Brazilian Real is the sole legal tender in Brazil, used across this vast country, which is the largest in both South America and the Latin American region. It facilitates all forms of financial transactions within the nation, from everyday purchases to large-scale business dealings.
The Brazilian Real is issued and regulated by the Central Bank of Brazil (Banco Central do Brasil), which is the primary monetary authority in the country. Established on December 31, 1964, the Central Bank is responsible for ensuring the stability of the currency's purchasing power and the soundness of the national financial system.
What Is the History of BRL?
The modern Brazilian Real was introduced on July 1, 1994, during the presidency of Itamar Franco. This was part of the Plano Real, a substantial plan to stabilize the Brazilian economy. The currency replaced the cruzeiro real at a rate of 1 real = 2,750 cruzeiro real. Initially, the real was pegged to the U.S. dollar, which helped stabilize its value. However, in 1999, following the Russian debt default and ensuing global financial crisis, Brazil was forced to partially float the real against the U.S. dollar.
Notes and Coins of BRL
Brazilian coins are minted in denominations of 5, 10, 25, 50 centavos, and 1 Real. The banknotes, issued by the Central Bank of Brazil, come in denominations of 2, 5, 10, 20, 50, 100, and 200 Reals. These notes feature various security enhancements and are designed to aid the visually impaired.
Brazil has issued several commemorative coins and banknotes, including a 10 Real note for the 500th anniversary of Portuguese arrival and a 1 Real coin for the 2016 Summer Olympics.
What Is the Relationship Between BRL and USD?
The relationship between the Brazilian Real (BRL) and the United States Dollar (USD) is a significant aspect of international finance, particularly in the context of exchange rates and trade. Initially, upon its introduction in 1994, the Real was pegged to the U.S. dollar, establishing a fixed exchange rate to stabilize Brazil's then-volatile economy. This peg was part of Brazil's broader strategy to control hyperinflation and foster economic stability.
However, in 1999, Brazil shifted to a floating exchange rate system due to external economic pressures, notably the Russian debt crisis. Since then, the Real's value against the Dollar has been subject to market forces, including Brazil's economic performance, inflation rates, political stability, and global financial market trends. The USD/BRL exchange rate is a crucial indicator for both countries, influencing trade balances, investment flows, and economic policies.
Bitget crypto-to-fiat exchange data shows that the most popular Ondo US Dollar Yield currency pair is the USDY to BRL, with for Ondo US Dollar Yield's currency code being USDY. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BRL.
USDY to BRL conversion rate trend
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In the past 1D, Ondo US Dollar Yield has changed +0.06% to BRL. Based on the trend and price charts, Ondo US Dollar Yield(USDY) has changed +0.06% to BRL while Brazilian Real(BRL) has changed % to USDY in the last 24 hours.
USDY to BRL market statistics
USDY/BRL:
R$ 6.26
USDY 24h volume:
R$ 7,624,558.22
USDY market cap:
R$ 2,215,321,865.39
USDY circulating supply:
353.97M USDY
More info about Ondo US Dollar Yield on Bitget
Current USDY to BRL exchange rate
Ondo US Dollar Yield to Brazilian Real is falling this week.Ondo US Dollar Yield's current market price is R$ 6.26 per USDY, with a total market cap of R$ 2,215,321,865.39 BRL based on a circulating supply of 353,974,300 USDY. The trading volume of Ondo US Dollar Yield has changed by +333.43% (R$ 5,865,448.97 BRL) in the last 24 hours. Last trading day, USDY's trading volume was R$ 1,759,109.25.
USDY to BRL Conversion tables
The exchange rate of Ondo US Dollar Yield is increasing.1 USDY is currently valued at R$ 6.26 BRL , which means buying 5 USDY will cost R$ 31.29 BRL . Similarly, R$1 BRL can be traded for 0.1598 USDY, and R$50 BRL can be converted to 7.99 USDY, excluding any platform or gas fees.
The exchange rate of 1 USDY to Brazilian Real has changed by -0.18% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.06%, reaching a high of 6.26 BRL and a low of 6.24 BRL . One month ago, the value of 1 USDY was R$ 6.2 BRL , which represents a +0.97% change from its current value. Over the last year, Ondo US Dollar Yield has changed by , resulting in a change of +5.64% in its value.
+R$
0.3340BRLUSDY to BRL
Amount
08:31 am today
0.5 USDY
R$3.13
1 USDY
R$6.26
5 USDY
R$31.29
10 USDY
R$62.58
50 USDY
R$312.92
100 USDY
R$625.84
500 USDY
R$3,129.21
1000 USDY
R$6,258.43
BRL to USDY
Amount08:31 am today
0.5BRL0.07989 USDY
1BRL0.1598 USDY
5BRL0.7989 USDY
10BRL1.6 USDY
50BRL7.99 USDY
100BRL15.98 USDY
500BRL79.89 USDY
1000BRL159.78 USDY
USDY to BRL Today vs. 24 hours ago
| Amount | 08:31 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 USDY | R$3.13 | R$3.13 | +0.06% |
| 1 USDY | R$6.26 | R$6.25 | +0.06% |
| 5 USDY | R$31.29 | R$31.27 | +0.06% |
| 10 USDY | R$62.58 | R$62.55 | +0.06% |
| 50 USDY | R$312.92 | R$312.74 | +0.06% |
| 100 USDY | R$625.84 | R$625.49 | +0.06% |
| 500 USDY | R$3,129.21 | R$3,127.43 | +0.06% |
| 1000 USDY | R$6,258.43 | R$6,254.85 | +0.06% |
USDY to BRL Today vs. 1 month ago
| Amount | 08:31 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 USDY | R$3.13 | R$3.1 | +0.97% |
| 1 USDY | R$6.26 | R$6.2 | +0.97% |
| 5 USDY | R$31.29 | R$30.99 | +0.97% |
| 10 USDY | R$62.58 | R$61.99 | +0.97% |
| 50 USDY | R$312.92 | R$309.93 | +0.97% |
| 100 USDY | R$625.84 | R$619.85 | +0.97% |
| 500 USDY | R$3,129.21 | R$3,099.25 | +0.97% |
| 1000 USDY | R$6,258.43 | R$6,198.5 | +0.97% |
USDY to BRL Today vs. 1 year ago
| Amount | 08:31 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 USDY | R$3.13 | R$2.96 | +5.64% |
| 1 USDY | R$6.26 | R$5.92 | +5.64% |
| 5 USDY | R$31.29 | R$29.62 | +5.64% |
| 10 USDY | R$62.58 | R$59.24 | +5.64% |
| 50 USDY | R$312.92 | R$296.22 | +5.64% |
| 100 USDY | R$625.84 | R$592.44 | +5.64% |
| 500 USDY | R$3,129.21 | R$2,962.21 | +5.64% |
| 1000 USDY | R$6,258.43 | R$5,924.42 | +5.64% |
How to convert USDY to BRL
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Verify your identity by entering your personal information and uploading a valid photo ID.
Convert USDY to BRL
Use a variety of payment options to buy Ondo US Dollar Yield on Bitget. We'll show you how.
Buy USDY (or USDT) for BRL (Brazilian Real) offers
Bitget P2P trading does not currently support direct buying of USDY with BRL. However, you can buy USDT in Bitget P2P trading first, and then buy USDY with USDT via Bitget spot market.
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|---|
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Sell USDY (or USDT) for BRL (Brazilian Real) offers
Bitget P2P trading currently does not support direct selling of USDY to BRL. However, you can first exchange USDY for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
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What factors influence the conversion rate of USDY to BRL?
There are many factors that affect the relationship between Ondo US Dollar Yield and Brazilian Real, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of USDY/BRL. When there is positive news in the market about the widespread adoption of USDY or major technological breakthroughs, it tends to trigger market optimism and drive the rise of USDY/BRL. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in USDY/BRL.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of USDY/BRL. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Ondo US Dollar Yield and adjust their investment strategies accordingly in the evolving market.
Ondo US Dollar Yield price prediction
What will the price of USDY be in 2026?
Based on USDY's historical price performance prediction model, the price of USDY is projected to reach $1.11 in 2026.
What will the price of USDY be in 2031?
In 2031, the USDY price is expected to change by +40.00%. By the end of 2031, the USDY price is projected to reach $3.54, with a cumulative ROI of +225.68%.
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FAQ
What is a cryptocurrency calculator?
A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.
How does a cryptocurrency calculator work?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Ondo US Dollar Yield and BRL.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Ondo US Dollar Yield and BRL. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of Ondo US Dollar Yield in BRL, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
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.
