USDT and USDC to Naira (NGN), and NGN to USDT- Pay-in (on-ramp)
- Local bank transfer
- Payout (off-ramp)
- Local bank account
- Local settlement
- Same day (T+0)
- Indicative cost
- from 0.17%
Convert USDT and USDC to NGN, and NGN to stablecoins
JET quotes both directions on every pair: buy the stablecoin with NGN (on-ramp) or sell it for NGN and withdraw to a bank account (off-ramp). Routing compares several liquidity providers on every conversion, so the rate is the best available at the time, not a single broker's spread.
| Stablecoin | On-ramp | Off-ramp | Indicative cost |
|---|---|---|---|
| USDT Tether, US dollar | NGN → USDT | USDT → NGN | from 0.20% (20 bps) |
| USDC Circle, US dollar | NGN → USDC | USDC → NGN | from 0.17% (17 bps) |
| EURC Circle, euro | NGN → EURC | EURC → NGN | from 0.18% (18 bps) |
| USDG Paxos, US dollar | NGN → USDG | USDG → NGN | from 0.16% (16 bps) |
| PYUSD Paxos, US dollar | NGN → PYUSD | PYUSD → NGN | from 0.17% (17 bps) |
How NGN on- and off-ramps work on JET
- Pay in NGN. Send NGN by local bank transfer. Each pay-in is matched to your account automatically.
- Convert. JET converts at the best available rate and credits USDT, USDC or another supported stablecoin to your JET account or to your own wallet, usually within minutes.
- Pay out or hold. Hold the stablecoins, send them on, or reverse the route: sell USDT or USDC for NGN and pay out to a local bank account the same business day.
Across Africa JET pays out to local bank accounts and, in 14 markets, straight to mobile money wallets, so recipients without a bank account are reached too.
Who uses NGN ramps
- Exchanges and fintechs offering their users a NGN on-ramp and off-ramp without building local banking in Nigeria.
- Importers and exporters paying or collecting in NGN while holding working capital in dollar stablecoins.
- Remittance companies and PSPs settling NGN corridors on stablecoin rails, with a full audit trail on every payment.
- Treasuries moving between NGN and USDT or USDC on demand, with no volume minimum.
Frequently asked questions
How do I convert USDT to NGN?
Send USDT to your JET account, choose NGN and the recipient's local bank account in Nigeria. JET sells the USDT at the best available rate and pays out NGN the same business day. Indicative cost from 0.20%.
What is the USDT to NGN rate today?
JET quotes a live USDT to Naira (NGN) rate at the moment you convert, taken from the best of several liquidity providers, and shows it with the fee before you confirm. The all-in cost on top of the market rate is indicatively from 0.20%.
Can I withdraw USDT or USDC to a bank account in Nigeria?
Yes. JET pays out NGN to a local bank account, so the stablecoin ends up as Nigerian naira in the recipient's account the same business day.
How do I buy USDT with NGN?
Open a JET account, pay in NGN by local bank transfer and choose USDT as the target. JET converts at the best available rate and credits USDT to your JET account or your own wallet, usually within minutes. Indicative cost from 0.20%.
Is there an API for a NGN on-ramp and off-ramp?
Yes. Exchanges, wallets and fintechs connect to the JET API (webhooks and a sandbox included) to offer NGN to USDT and USDC and back to their own users, and JET's engineers build the integration with you. Indicative cost for USDC from 0.17%.
What does a NGN to USDT or USDC conversion cost?
Indicatively from 0.17% all in (FX and fees), depending on volume and corridor. The rate is shown before you confirm. There is no required volume minimum and no minimum fee. Your price is confirmed in your client agreement.
Do I need to understand crypto to use it?
No. You can send and receive ordinary currency at both ends and let stablecoins be the rail in between, or hold USDT and USDC in a JET account if that is what you want.