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It is a known fact that inflation is one of the major macroeconomic problems of any economy in the world, but is there any way USDT trading can help stop that? Let’s find out.
Nigeria was once named the third fastest-growing economy in the world due to its initial rapid economic growth and stability. Over the years, Nigeria fell off from this expectation and glory projected by world economists due to many financial challenges which invaded the country unawares.
The inflation rate in Nigeria grew from a single-digit rate to a double rate, tripling the prices of goods and services and weakening the local currency, Naira, in the Forex market.
The Naira has become so volatile and worthless compared to the past years due to inflation. Investors have lost faith in the currency as it loses its value daily. On the other hand, the central bank has made strict foreign exchange policies to control inflation, creating a scarcity of dollars.
How can people protect their Naira against this severe inflation by using the dollar while navigating the scarcity of the dollar in the country? One of the best ways is to trade and invest in Tether (USDT).
This article discusses the meaning of USDT and how USDT trading can help control inflation in Nigeria.
How Can USDT Help Control Inflation in Nigeria?
Inflation is caused by the weakness and volatility of the local currency compared to other currencies in the Forex market, which makes it less appealing. As the local currency begins to lose value, it also loses its purchasing power and prices of goods and services begin to rise.
People will seek alternatives to protect money from losing value as the currency loses value. Hence, many prefer to save in stronger currencies like the dollar.
Since the value of USDT is pegged to the value of the US dollar, it is only best for people to invest their volatile fiat currency like Naira in a more stable one in the form of USDT. They can sell it whenever they want and get back their Naira at the current dollar rate.
This also helps to navigate the centralized financial institutions and banks, giving people complete control of their money.
USDT transaction is also faster and less expensive, unlike in the centralized financial setting where regular foreign currency transfer takes days and charges can be as high as 10%.
There are many assets investors can choose to save their money in, but USDT is a better option because it is more stable than other volatile instruments like stock, crypto assets etc.
What Are the Benefits of Saving in USDT in Nigeria?
1. Value Preservation
One of the biggest challenges facing Nigerians today is the declining value of the naira. As inflation rises, the naira loses its purchasing power, making it harder for people to afford goods and services. USDT, a stablecoin pegged to the US dollar, offers a way to store value without fearing devaluation.
Since it mirrors the dollar’s value, your money retains its worth over time, unlike savings held in naira, which can depreciate rapidly. Saving in USDT can help protect your hard-earned income from economic instability.
2. Easy Access to Crypto
USDT is widely available on most cryptocurrency exchanges and peer-to-peer (P2P) platforms. Whether you’re using global exchanges like Binance or local platforms like Prestmit, buying and saving in USDT is straightforward.
Users can also convert Naira to USDT directly from their bank accounts or mobile wallets. This accessibility makes it a practical option for individuals who want to enter or exit the crypto space without complicated procedures quickly.
3. Quick Transactions
Unlike traditional banking systems that may take hours or even days to process transactions, especially cross-border ones, USDT transactions are fast and seamless. Transfers typically occur within minutes, no matter the time of day.
This is especially useful for freelancers, remote workers, and online business owners who need to receive payments from clients around the world. With USDT, you don’t have to wait for banking hours or suffer from long delays.
4. Low Fees
Another major advantage of using USDT is the significantly lower transaction fees. Whether you’re sending money internationally or converting crypto to fiat, USDT-based transactions often cost a fraction of what banks or remittance services charge.
For example, sending funds via Western Union or bank wire can cost 5–10% of the amount being sent, while USDT transfers on supported blockchains (like Tron or Binance Smart Chain) can cost just a few cents.
5. Protection Against Volatility
Nigeria’s foreign exchange market is highly volatile, with the naira frequently losing ground against major currencies like the US dollar. This creates uncertainty for anyone trying to save or plan financially. By holding USDT, you’re shielded from these fluctuations.
Whether the naira gains or loses value, your USDT savings remain stable. This makes it an attractive option for both individuals and businesses looking for predictable financial planning.
Where to Sell USDT in Nigeria — Prestmit
One of the most reliable platforms to sell USDT in Nigeria is Prestmit. It allows users to exchange USDT for naira quickly, securely, and at competitive rates. Prestmit is known for its user-friendly interface, fast payments, and responsive customer support.
Whether you’re a freelancer getting paid in crypto or simply looking to cash out digital savings, Prestmit provides a safe environment to convert your USDT back into local currency.
How to Sell USDT on Prestmit
- Download the Prestmit app from the Google Play Store or Apple store.
- Create an account.
- Select “Crypto” on the homepage, then choose “Sell USDT” from the next options.
- Generate a USDT wallet or scan the QR code to send your USDT.
- You will receive payment immediately after the transaction is confirmed.
Frequently Asked Questions on How USDT Trading Could Help With Inflation
Can USDT Help with Inflation?
Yes, USDT can help to mitigate inflation as the value is pegged to the fiat dollar. So, the value of your fund will not drop compared to saving in Naira.
Are there fees for selling USDT?
Most platforms charge different fees. However, Prestmit offers competitive rates and low transaction fees. Always check the rate before trading.
How safe is Prestmit?
Prestmit protects users’ funds and data with secure wallet systems, encryption, and two-factor authentication.
Conclusion
With inflation continuing to erode the value of the naira, more Nigerians are turning to stablecoins like USDT to protect their money. By saving or transacting in USDT, individuals and businesses can escape the harsh effects of currency devaluation. Platforms like Prestmit make it easy and secure to trade USDT in Nigeria, offering an accessible tool for financial stability in uncertain times.
Last updated on August 4, 2025
