USDT to KNC conversion chart
Tether to Kyber Network correlation
KNC and USDT are not correlated to each other as KNC’s value depends on the supply and demand. Whereas, USDT is a stablecoin which is backed by traditional fiats like the dollar and the euro. USDT’s value remains the same, which is $1 regardless of the market conditions. Hence, KNC and USDT do not share a strong relationship.
USDT Price Change and Market Cap
Currently, USDT price is 1.141 KNC and the 24-hour change is -3.71%. The market cap of Tether today is $6412941 with a total of 6413680.23 USDT in circulation. In the past 24 hours, USDT price peaked at 1.167 KNC and the least price was 1.121 KNC.
Tether Price Prediction
Tether is a stablecoin that is pegged against the US dollar and other fiat currencies. The price of USDT remains the same, i.e. $1 regardless of the market conditions. Technically, in any given time USDT price will be stable, even in the long run. USDT is a safe choice to enter or exit the market and avoid market volatility.
USDT to KNC exchange margin
Considering today’s exchange rate, a transaction of 1 USDT to KNC would result in an output of 1.141 KNC.
How to convert Tether to Kyber Network
Tether and Kyber Network v2 comparison
Formerly known as RealCoin, Tether (USDT) was launched in 2014. USDT belongs to a new wave of cryptocurrencies called Stablecoins. These kinds of cryptocurrencies aim to reduce the risk of volatility and maintain a stable value for the crypto. USDT is backed by fiat currencies like the US Dollar, the Euro and others to avoid the price fluctuations. The US Dollar peg will always be in the ratio of 1:1 and hence one USDT will always be equal to $1.
Kyber Network is a liquidity aggregation protocol for DeFi, pooling liquidity from different sources and settling the trades on the Ethereum blockchain. In layman’s terms, it is a decentralized exchange aggregator, but what sets it apart from other similar protocols is its dynamic market-making protocol. Kyber Network’s native token, KNC grants access to participation in Kyber DAO. Holders can vote on community proposals, and as is often the case, stake KNC to receive a proportional share of trading fees of the platform.
What is Tether?
Tether belongs to a new group of cryptocurrencies called Stablecoins. Unlike most cryptocurrencies, Tether is backed by assets or fiat currency. For instance, USDT is pegged against the US dollar at a proportion of 1:1. This backing from a fiat currency results in its less volatile nature and stability in the price. Tether was launched initially with the name RealCoin which was later rebranded as Tether and started trading in 2014. Tether was built to bridge the gap between the fiat currencies and blockchain. It is aimed at everyday transactions.
USDT was first issued on the Bitcoin blockchain through the Omni Protocol. Currently, Tether is available on various blockchains such as Etheruem, Tron, EOS and Algorand. Tether offers stable, transparent and secure transactions worldwide with a minimal transaction fee to the users. Tether Ltd., oversees the development of USDT and publishes the details of the reserves that back the value of USDT. Tether is backed not only by the US Dollars but also by Euro and Chinese Yuan.
Tether to Kyber Network price details
USDT to KNC Conversion Rate and Price
At the moment, the conversion rate for 1 USDT equals to 1.141 KNC. The 24-hour highest price of Tether in relation to Kyber Network was 1.167 KNC and the lowest was 1.121 KNC. In short, USDT price in relation to KNC changed by -3.71%.
Instantly Exchange USDT to KNC
On ChangeHero you can instantly exchange Tether to Kyber Network without registrations. You can easily convert USDT to KNC in a few clicks without worrying about the rates and fees. ChangeHero offers both Best Rate and Fixed Rate for your USDT to KNC exchange.
USDT to KNC Best Rate Exchange
In the the Best Rate exchange of Tether to Kyber Network, we search through various exchanges for the USDT to KNC pair and find the best rate available in the market. We provide you with an estimation of the amount of KNC you will receive.
As soon as you accept the terms and the USDT is deposited, the exchange will be automatically processed. We remind you that the final amount of KNC you receive may vary slightly due to the volatility in the price of the cryptocurrencies which affects the conversion rate of USDT to KNC.
USDT to KNC Fixed Rate Conversion
In the the Fixed Rate exchange of Tether to Kyber Network, ChangeHero finds a good rate for the pair USDT to KNC and fix the rate for up to 15 minutes. In the Best Rate exchange of USDT to KNC, you will receive the exact amount of KNC which was shown in the estimate.
ChangeHero is a non-custodial service and never holds your cryptocurrency. As soon as the exchange is completed, we send your assets to the specified KNC address. ChangeHero is the best place to exchange USDT to KNC fast and safe at the best rates.
Frequently asked questions
How long does it take to convert USDT to KNC?
Usually, it takes around 15 minutes but the time may vary depending on how busy the network is.
Do I need an account to exchange USDT to KNC?
No, you do not require an account to swap USDT to KNC on ChangeHero. There will be no registrations for your Tether to Kyber Network transaction.
Do I need to go through KYC procedures for USDT to KNC exchange?
There will be no KYC for the USDT to KNC exchange. However, if our threat detection system raises the alarm then we ask you to complete a simple verification procedure which takes a few minutes.
Can I exchange KNC to USDT?
Yes, you can instantly exchange KNC to USDT on ChangeHero.
