ETH to USDT conversion chart
Ethereum to Tether correlation
ETH and USDT are not correlated to each other as ETH's value depends on supply and demand. Whereas, USDT is a stable coin that 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, ETH and USDT do not share a strong relationship.
ETH Price Change and Market Cap
Currently, the ETH price is 1614.26 USDT. According to the Ethereum price chart, the 24-hour change is -0.91%. The total market capitalization of Ethereum is $565806395 with 572958525.2 ETH in circulation. In the previous 24 hours, the Ethereum price hit highs of 1647.31 USDT and lows of 1613.28 USDT.
Ethereum Price Prediction
Ethereum is the second most valuable cryptocurrency with a market cap of over $26 Billion as of June 2020. Though there is a huge difference in price between the Ether and Bitcoin, Ethereum is one of the most profitable cryptocurrencies and has an ROI of 8,441.71%. Ethereum price hit an all-time high of $1,432.88 on January 13, 2018. At the beginning of January 2020, Ethereum price was around $130 and grew rapidly in the next few weeks to reach $282.78 in mid-February. By the end of the first quarter, Ethereum price dropped by over a hundred dollars.
In a long-term, 2025 to be more precise, Ethereum price is expected to hit the ten thousand dollar mark. By 2030, Ethereum is predicted to be traded at around $5,000. Though these predictions sound too good to be true, Ethereum has all the potential to hit those prices with adoption and Ethereum 2.0.
Ethereum Wallets
Don't have an ETH wallet yet? Check out our guide to find a perfect match.
We also recommend Trezor, CoolWallet S and Exodus, where you can keep track of live ETH prices as well as instantly exchange Ethereum in the wallet through ChangeHero swap service. Pick one which suits you the best.
ETH to USDT exchange margin
The closing conversion rate for ETH to USDT yesterday was {{LAST}}. Considering today’s exchange rate, a transaction of 1 ETH to USDT would result in an output of 1614.26 USDT.
How to convert Ethereum to Tether
Ethereum and Tether comparison
Ethereum was launched in 2014 by Vitalik Buterin. It is an open-source blockchain network with a major emphasis on smart contracts. For starters, smart contracts are pieces of code that automatically processes the transactions once the preset conditions are met. Ethereum is often praised as the Second Generation of blockchain. Ether is the native cryptocurrency of the Ethereum Blockchain.
USDT is a stable coin that was launched in the year 2014. Initially, it was called RealCoin and later renamed as Tether. USDT belongs to a new clan of cryptocurrencies called Stablecoins. Tether is pegged to the fiats like the US Dollar, the Euro, Japanese Yen, and others to keep its value stable. In terms of the USDT, the peg will be in the ratio of 1:1 which means 1 USDT will always be equal to $1. Tether is used to minimize the volatility risks of crypto and also functions as a bridge between the crypto and fiat currency.
What is Ethereum?
Ethereum revolutionized the blockchain by enabling developers to create smart contracts, self-executable programs which process transactions automatically when preset conditions were met. Also, Ethereum enables the development of decentralized applications on the blockchain. Ethereum was launched in 2014 as an open-source platform by Vitalik Buterin along with Gavin Wood, Charles Hoskinson, Anthony Di Lorio and Joseph Lubin.
Ethereum expanded the reach of the blockchain technology which was previously limited to payment systems. Ethereum is a second-generation blockchain and aims to become the “world computer” by replacing the client-server technology with nodes on the blockchain. Ethereum’s capability of hosting applications gave rise to many new tokens on the platform.
Ether is the native cryptocurrency of the Ethereum blockchain and goes with the ticker ETH. Ethereum uses the Proof-of-Work consensus algorithm for confirming transactions and securing the network. Ether is issued through mining and can be used by the developers to pay for the developing, hosting applications and also to process transactions.
Ethereum to Tether price details
ETH to USDT Conversion Rate and Price
Currently, the conversion rate for 1 ETH equals to 1614.26 USDT. The 24-hour highest price of Ethereum in relation to USDT was 1647.31 USDT and the lowest was 1613.28 USDT. In short, ETH price in relation to USDT changed by -0.91%.
Instantly Exchange ETH to USDT
On ChangeHero you can instantly exchange Ethereum to Tether without signup. You can easily convert ETH to USDT in a few clicks without worrying about the rates and fees. ChangeHero offers both the Best Rate and Fixed Rate for your ETH to USDT exchange.
ETH to USDT Best Rate Exchange
In the Best Rate exchange of Ethereum to Tether, we search through various exchanges for the ETH to USDT pair and find the best rate available in the market. We provide you with an estimation of the amount of USDT you will receive.
As soon as you accept the terms and the ETH is deposited, the exchange will be automatically processed. We remind you that the final amount of USDT you receive may vary slightly due to the volatility in the price of the cryptocurrencies which affects the conversion rate of ETH to USDT.
ETH to USDT Fixed Rate Conversion
In the Fixed Rate exchange of Ethereum to Tether, ChangeHero finds a good rate for the pair ETH to USDT and fix the rate for up to 15 minutes. In the Best Rate exchange of ETH to USDT, you will receive the exact amount of USDT 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 USDT address. ChangeHero is the best place to exchange ETH to USDT fast and safe at the best rates.
Frequently asked questions
How long does it take to convert ETH to USDT?
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 ETH to USDT?
No, you do not require an account to swap ETH to USDT on ChangeHero. There will be no registrations for your Ethereum to Tether transaction.
Do I need to go through KYC procedures for ETH to USDT exchange?
There will be no KYC for the ETH to USDT 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 USDT to ETH?
Yes, you can instantly exchange USDT to ETH on ChangeHero.
Buy and sell Ethereum
Are you looking to buy Ethereum? Now, on ChangeHero you can buy ETH with a credit or debit card. Also, you can see your cryptocurrency on ChangeHero to US Dollars and Euro. Give it a try.
