Live USDT to ETH Price Data
The live data for Tether (USDT) shows its current market performance. As of the latest update, the price of Tether has experienced a decrease over the past week. However, it has shown some positive movement in the short term.
Current USDT Price (in ETH): 0.00039213
24-Hour Trading Volume (in ETH): 18,773,242
24-Hour Price Change: +1.83%
Hourly Price Change: +0.05%
Tether currently holds the number 3 ranking on CoinGecko. Its circulating supply is valued at approximately $158.42 billion, with a fully diluted market cap of around $158.46 billion.
To get the most accurate and real-time conversion rates, you can use a reliable crypto conversion tool.
Understanding Market Capitalization and Supply
- Circulating Supply: This refers to the number of coins that are publicly available and trading in the market. For USDT, this is $158.42 billion.
- Fully Diluted Market Cap: This metric calculates the market cap if all possible coins (the maximum supply) were in circulation. For USDT, this figure is $158.46 billion.
Real-Time Conversion: USDT to ETH
Based on the latest conversion rate from CoinGecko, the current exchange rate is:
- 1 USDT = 0.00039213 ETH
- Conversely, 1 ETH = [Calculated Inverse of USDT/ETH Rate]
This means that for every Tether you own, you can exchange it for 0.00039213 Ethereum. This rate fluctuates constantly based on market supply and demand.
Using a USDT to ETH Price Calculator
A price calculator is an essential tool for any trader or investor. It allows you to quickly determine how much ETH you will receive for a specific amount of USDT without having to place an order on an exchange first.
How to Use a Calculator:
- Enter the amount of USDT you wish to convert.
- The calculator will automatically fetch the latest market rate.
- It will display the equivalent amount in ETH, including any estimated network fees.
This helps in making informed and precise trading decisions. For advanced calculation features and real-time data, consider using a dedicated platform for crypto analytics.
An Overview of Tether (USDT)
Tether (USDT) is the world's first and largest stablecoin by market capitalization. Launched in 2014 by Tether Limited, it was created to bridge the gap between traditional fiat currencies and cryptocurrencies.
What is a Stablecoin?
Stablecoins are a unique category of digital assets designed to minimize price volatility. They achieve this by being pegged to a stable reserve asset, like the U.S. dollar or gold. This makes them ideal for:
- Transferring value between exchanges.
- Serving as a safe haven during market turbulence.
- Facilitating everyday transactions without the fear of significant value change.
How Tether Maintains Its Peg
USDT is a fiat-collateralized stablecoin, meaning it is pegged 1:1 to the U.S. dollar. Tether Limited claims to hold reserves in cash, cash equivalents, and other assets that are equal to or greater than the number of USDT tokens in circulation. The company provides regular attestations to offer transparency into its reserve holdings.
Multi-Blockchain Presence
A key feature of USDT is its availability across numerous blockchain networks. This broad deployment enhances its utility and accessibility. You can find USDT on:
- Ethereum (as an ERC-20 token)
- Tron (as a TRC-20 token)
- Solana
- Avalanche
- Algorand
- And many others
This allows users to choose the network with the preferred transaction speed and cost.
Frequently Asked Questions
What is the difference between USD and USDT?
USD is the official fiat currency of the United States, issued and regulated by the government. USDT is a cryptocurrency issued by a private company, Tether Limited, which is designed to track the value of USD 1:1 but operates on blockchain networks.
How is the price of USDT kept stable?
Tether Limited aims to maintain the 1:1 peg with the U.S. dollar by holding a reserve of assets. For every USDT in circulation, the company states it holds one dollar's worth of reserves in cash, cash equivalents, and other assets.
Can the USDT to ETH exchange rate change?
Yes, absolutely. The exchange rate between USDT and ETH is not fixed. While USDT is pegged to the USD, ETH is a volatile asset. Therefore, the USDT/ETH rate changes constantly based on the fluctuating market price of Ethereum.
Where is the best place to convert USDT to ETH?
The best place is typically a reputable and secure cryptocurrency exchange that offers deep liquidity for the USDT/ETH trading pair. This ensures you get a fair market rate with minimal slippage.
What does "circulating supply" mean?
Circulating supply refers to the number of cryptocurrency coins or tokens that have been issued and are actively available to the public in the market. It is a key metric for calculating market capitalization.
Are my USDT conversions subject to fees?
Yes, most platforms charge a small network or transaction fee for converting or transferring cryptocurrencies. The fee amount can vary significantly depending on the blockchain network you use (e.g., Ethereum vs. Tron) and the exchange platform itself.