XOF to USD, USD to XOF: the digital dollar (USDT)
Looking for dollars? USDT is a digital dollar: a cryptocurrency designed to track the US dollar, bought from your phone and kept in your wallet, with no banknotes to carry. With Mufasa X, you buy it or sell it back for CFA francs, by Mobile Money (Orange Money, for example).
Sign up with your phone number, then the exchange screen. The final rate is shown before you confirm.
Digital dollars (USDT) to FCFA: conversion table when selling
| Quantity sold | Value at the sell rate (about) |
|---|---|
| 1 USDT | 577 FCFA |
| 5 USDT | 2,886 FCFA |
| 10 USDT | 5,773 FCFA |
| 20 USDT | 11,547 FCFA |
| 50 USDT | 28,868 FCFA |
| 100 USDT | 57,737 FCFA |
| 200 USDT | 115,475 FCFA |
| 500 USDT | 288,688 FCFA |
| 1,000 USDT | 577,378 FCFA |
Amounts estimated from the rate shown above; the exact amount appears on the exchange screen, before you confirm. Selling a large amount takes a verified account. For a larger amount, use our manual exchange (OTC) desk, a tailored service to which the rate on this page does not apply.
Dollar and USDT: what is the difference?
The US dollar is a currency issued by a central bank. USDT is a cryptocurrency issued by a private company, Tether, and designed to track the value of the dollar: its price can drift slightly from it.
The rate on this page is the one of the Mufasa X exchange screen, fees included. It is neither the bank rate of the dollar nor the indicative rate of online converters.
FCFA, CFA and XOF all mean the same currency here: the CFA franc used in Senegal.
Cash dollars or digital dollars (USDT)?
To get dollars in Senegal, many people go to an exchange office or a private seller for banknotes. With USDT, you get digital dollars from your phone, paying by Mobile Money.
What USDT changes: no banknotes to carry or hide, no counterfeit notes, amounts as small as you like, and a quick transfer to anyone in the world, from your wallet.
What to know: USDT is neither a bank deposit nor a currency issued by a state. Its price can drift slightly from the dollar, and you keep your own wallet: if you lose your seed phrase, nobody can recover it for you.
To go back to CFA francs, you sell your USDT on Mufasa X and receive the money by Mobile Money.
Crypto, stablecoin, wallet: the basics
A cryptocurrency is digital money: you can send it, receive it and keep it without going through a bank.
Not all cryptos swing as much: stablecoins, such as USDT, are designed to keep a stable value, tied to the dollar. They are often used to hold a sum in digital dollars or to send money quickly.
A wallet is your digital purse: where you receive, keep and send your cryptos. On Mufasa X, the USDT you buy goes straight to your wallet.
Your wallet is recovered with a secret phrase of 12 or 24 words, the « seed phrase »: write it on paper, keep it somewhere safe and never share it. Anyone who knows it can access your cryptos.
Convert CFA francs to digital dollars, and back
To sell: in the "Sell" tab, pick USDT, enter the amount and the Mobile Money number to credit, then send your USDT to the address shown. The CFA francs are paid to that number once the deposit is received.
To buy: in the "Buy" tab, enter the amount in FCFA and paste your wallet address. You pay with Mobile Money, and the USDT is sent to your address.
Either way, the exchange screen shows the exact amount before you validate: until you do, nothing is committed.
Video tutorials
Short videos, in French.
In pictures on Instagram
Frequently asked questions
- How much is 1 digital dollar (USDT) in CFA francs today?
- 1 USDT sells for 577 FCFA on Mufasa X, paid to your Mobile Money number. The exact amount is shown on the exchange screen before you validate.
- How much are 100 digital dollars (USDT) in CFA francs?
- Selling 100 USDT pays about 57,737 FCFA, sent to your Mobile Money number. The exact amount is shown before you validate the sale.
- How many digital dollars (USDT) for 10,000 XOF?
- Type the amount in CFA francs on the exchange screen, "Buy" tab: the number of USDT shows up at once, fees included, before any payment. Nothing is committed until you validate.
- Is it better to buy cash dollars or USDT?
- It depends on what you need. Banknotes are for paying in cash. USDT is kept on a phone, sent quickly and sold back for CFA francs by Mobile Money; in return, you secure your own wallet, and USDT is not issued by a state.
- Is USDT worth exactly one dollar?
- Not necessarily. USDT is designed to track the US dollar, but its price can drift slightly from it. The rate shown by Mufasa X is the one at which the exchange actually happens.
- Why is this rate different from the bank rate of the dollar?
- The bank rate is a reference rate between two currencies. The Mufasa X rate is the one at which you actually sell USDT for CFA francs, fees and Mobile Money payment included.
- Can I receive CFA francs without a bank account?
- Yes. The sale is paid out to your Mobile Money number: no bank account is needed.
Crypto-assets are volatile: only commit what you can afford to lose.
Sign up with your phone number, then the exchange screen. The final rate is shown before you confirm.