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🇲🇬 USDT & Crypto Rates in Madagascar (MGA)

1 USDT ≈ Ar4,298 today (spot rate). 1 BTC ≈ Ar276,009,146. Indicative rates derived from the live USD/MGA rate.

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Informational only. Live indicative rates, not financial or investment advice. Crypto regulations vary by country and change. We do not buy, sell, or facilitate crypto transactions.

Crypto to MGA converter

100 USDT =
Ar429,850
Spot rate: 1 USDT = Ar4,298 (indicative)

Live crypto rates in MGA

USDT Tetherstablecoin
▲ 0.02%
Ar4,298
1 USDT · spot, indicative
USDC USD Coinstablecoin
▲ 0.03%
Ar4,301
1 USDC · spot, indicative
BTC Bitcoin
▲ 0.31%
Ar276,009,146
1 BTC · spot, indicative
ETH Ethereum
▲ 0.35%
Ar8,031,512
1 ETH · spot, indicative
BNB BNB
▲ 1.21%
Ar2,437,728
1 BNB · spot, indicative
SOL Solana
▲ 0.11%
Ar318,406
1 SOL · spot, indicative
XRP XRP
▲ 0.08%
Ar4,702
1 XRP · spot, indicative

Crypto in Madagascar: regulation, exchanges and the P2P premium

Unregulated, BFM warnings

Madagascar has no crypto framework. The central bank, Banky Foiben'i Madagasikara (BFM), has cautioned the public that digital currencies carry no legal status and sit outside any regulator. The scene is small and nascent, dominated by mobile money interoperability across MVola, Orange Money and Airtel Money.

Buying and cashing out. Retail trades are peer-to-peer, settled over MVola, Orange Money and Airtel Money plus international platforms. Madagascar's full mobile money interoperability eases moving in and out of ariary, despite a still-narrow crypto market.

Spot vs P2P premium. Because the ariary is thinly traded internationally, the P2P premium on USDT is variable and often widened by low volume rather than by strict exchange-control.

Stablecoin usage. Where it circulates, USDT mainly serves cross-border payments and holding value in dollars, in one of the smallest crypto markets on this list.

These rates are derived, not separately quoted: we take each coin's US dollar price and multiply by the live USD/MGA exchange rate this site already publishes. That means the USDT rate here equals the USD/MGA exchange rate (because USDT tracks the dollar). For mobile money fees in Madagascar, see the Madagascar page.

Crypto USD prices: last refreshed 25 Jul 2026 14:58:50 UTC. Indicative rates, not advice.

Frequently asked questions

How much is 1 USDT in MGA today?
1 USDT is about Ar4,298 at the spot rate, derived from USDT's US dollar price times the live USD/MGA exchange rate. P2P marketplace rates can differ from this spot figure. These are indicative rates, not advice.
How much is 1 BTC in MGA?
1 BTC is about Ar276,009,146 at the spot rate (Bitcoin's USD price times the live USD/MGA rate). Bitcoin is volatile, so this moves continuously; the figure on this page updates as the underlying prices refresh.
Is USDT pegged to the dollar?
Tether (USDT) is a stablecoin designed to track the US dollar one-to-one, so its USD price stays very close to $1. That is why the USDT local rate on this page is essentially the live USD/MGA exchange rate. It can deviate slightly from $1 in stressed markets.
Is crypto legal in Madagascar?
Madagascar has no crypto framework. The central bank, Banky Foiben'i Madagasikara (BFM), has cautioned the public that digital currencies carry no legal status and sit outside any regulator. The scene is small and nascent, dominated by mobile money interoperability across MVola, Orange Money and Airtel Money.
How do people buy crypto in Madagascar?
Retail trades are peer-to-peer, settled over MVola, Orange Money and Airtel Money plus international platforms. Madagascar's full mobile money interoperability eases moving in and out of ariary, despite a still-narrow crypto market.
What is USDT used for in Madagascar?
Where it circulates, USDT mainly serves cross-border payments and holding value in dollars, in one of the smallest crypto markets on this list.
Are these crypto rates official?
No. They are live indicative rates for information only: crypto US-dollar prices from a public market data source, converted using the live USD/MGA exchange rate this site already tracks. They are not a quote, not advice, and we do not buy, sell or facilitate any crypto transaction.