Convert Tether to Pudgy Penguins (USDT → PENGU)

Swap USDT on Ethereum to PENGU on Solana — no bridges, no delays. Powered by NEAR Intents.

Swap USDT to PENGU

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USDT to PENGU rate today

1 USDT ≈ 109.72 PENGU and 1 PENGU ≈ 0.009114 USDT, based on market prices at 2026-09-22 09:42 UTC. The quote in the widget above is what you actually receive, fees included.

TokenPrice24h
Tether (USDT)$0.9997+0.00%
Pudgy Penguins (PENGU)$0.009111+9.82%

How to convert Tether to Pudgy Penguins

Converting USDT to PENGU on NEAR Mobile Swap is done in three simple steps through the NEAR Intents protocol: Deposit, Swap, and Withdraw.

Step 1 — Deposit USDT from Ethereum
Go to the Deposit tab and select Tether (USDT) on Ethereum. The widget will generate a deposit address (or QR code) — send your USDT there from any wallet. Once the deposit is confirmed on Ethereum, your USDT balance appears inside NEAR Intents.

Step 2 — Swap USDT to PENGU on NEAR Intents
Switch to the Swap tab, pick USDT as the source and PENGU as the target. Enter the amount and confirm — solvers compete to fill your order and the swap settles in seconds.

Step 3 — Withdraw PENGU to Solana
Finally, go to the Withdraw tab. Select Pudgy Penguins (PENGU) from your NEAR Intents balance and choose Solana as the destination. Enter an address from a Solana wallet such as Phantom or Solflare and confirm.

⚠ Important: When entering a withdrawal address, make sure it is a personal wallet you control. Some centralized exchanges do not support receiving funds from smart-contract-based deposits — sending to an exchange address may result in lost funds.

About the USDT → PENGU swap

This is a cross-chain swap: your USDT leaves Ethereum and PENGU arrives on Solana. Normally that takes a bridge plus a DEX, or a centralized exchange account. With NEAR Intents the deposit, swap and withdrawal happen in one flow, and what lands in your wallet is PENGU on Solana, not a wrapped copy you have to bridge again.

Swapping USDT to PENGU is how you buy Pudgy Penguins with US dollars you already hold on-chain: you pay in a stablecoin and receive PENGU directly on Solana.

About Tether and Pudgy Penguins

What is Tether (USDT)?

Tether (USDT) is a stablecoin designed to hold a value of one US dollar, issued by the company Tether since 2014. Having started on Bitcoin's Omni Layer, it has since expanded to many blockchains, including Ethereum, TRON, Solana and others.

Type
Fiat-backed stablecoin
Launched
2014
Consensus
Inherits the consensus of each host blockchain
Max supply
No fixed cap (minted and redeemed on demand)
Swap network
Ethereum
Sector (Messari)
Stablecoins
Tether official site ↗Sector classification by Messari ↗

How Tether works

Tether creates new USDT when verified customers deposit dollars and redeems tokens for dollars when they are returned, so the supply follows demand. The company reports holding reserve assets, mainly US Treasury bills and cash equivalents, to back the tokens in circulation and publishes periodic attestations of those reserves.

What USDT is used for

Traders use USDT to park funds between trades and as a quote currency on exchanges around the world. It is also common for cross-border payments and for saving in dollars in places with volatile local currencies.

USDT supply

There is no fixed supply: tokens are minted when dollars come in and burned when they are redeemed. The goal is for each USDT to be backed by reserves worth at least one dollar.

Before you swap USDT

USDT exists on many networks, and the swap widget defaults to the Ethereum version, so confirm the selected network matches the chain of your wallet before sending or receiving. Sending USDT over the wrong network can make funds difficult or impossible to recover.

What is Pudgy Penguins (PENGU)?

PENGU is the fungible token of Pudgy Penguins, an Ethereum NFT collection first minted in 2021 and later taken over by Igloo Inc., the company led by Luca Netz. The token went live on Solana in December 2024, with a large airdrop to NFT holders and members of other crypto communities.

Type
NFT-brand meme token
Launched
2024
Consensus
Runs on Solana
Max supply
88,888,888,888 PENGU
Swap network
Solana
Pudgy Penguins official site ↗

How Pudgy Penguins works

On Solana, PENGU is an ordinary SPL token with no staking, rebasing or fee mechanics built into its contract. What gives it relevance is the Pudgy Penguins brand, which spans retail toys, animated content and an Abstract-based ecosystem, and the token has since been bridged to Ethereum, BNB Chain, Abstract and other networks.

What PENGU is used for

Most holders use PENGU as a liquid way to be exposed to the Pudgy Penguins brand and to take part in its online community. It is also traded heavily on centralized exchanges and Solana DEXs, and appears in games and campaigns run around the franchise.

PENGU supply

The total supply was set at 88,888,888,888 PENGU at launch, split between community airdrops, the company, liquidity and team allocations that unlock over several years. No inflation mechanism mints new tokens.

Before you swap PENGU

This listing moves PENGU on Solana, so a small SOL balance is needed to move or trade it after withdrawal. Like other meme-style assets it can swing sharply within hours, so check the quote carefully before confirming.

Looking for the reverse?Convert PENGU to USDT →
More swaps:All USDT pairs →All PENGU pairs →

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USDT to PENGU: frequently asked questions

What to know before swapping Tether for Pudgy Penguins

Deposit USDT from Ethereum into NEAR Intents, swap it for PENGU, then withdraw PENGU to your wallet on Solana. The widget on this page walks you through all three steps and shows the exact amount you will receive before you confirm.