Tether to MAGIC correlation
MAGIC and USDT are not correlated to each other as MAGIC’s value depends on the supply and demand. Whereas, USDT is a stable coin which is backed by traditional fiats like the dollar and the euro. USDT’s value remains the same, which is $1 regardless of the market conditions. Hence, MAGIC and USDT do not share a strong relationship.
USDT Price Change and Market Cap
Currently, USDT price is 0$ and the 24-hour change is 0.00%. The market cap of Tether today is $0 with a total of 0 USDT in circulation. In the past 24 hours, USDT price peaked at 0$ and the least price was 0$.
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. $1 regardless of the market conditions. Technically, in any given time USDT price will be stable, even in the long run. USDT is a safe choice to enter or exit the market and avoid market volatility.
USDT to MAGIC exchange margin
Considering today’s exchange rate, a transaction of 1 USDT to MAGIC would result in an output of 0$.
How to convert Tether to MAGIC
Tether and MAGIC comparison
USDT is a stablecoin which 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 $1. Tether is used to minimize the volatility risks of crypto and also function as a bridge between the crypto and fiat currency.
MAGIC is a utility token that connects gaming communities in the Treasure Metaverse, a decentralized NFT ecosystem on Ethereum's Layer 2 scaling solution, Arbitrum. It serves as a cross-game currency, connecting players, metaverses, and communities within Web 3.0. Launched in September 2021, it enables buying, selling, and acts as a reserve currency for Treasure's metaverse.
What is Tether?
Tether belongs to a new group of cryptocurrencies called Stablecoins. Unlike most cryptocurrencies, Tether is backed by assets or fiat currency. For instance, USDT is pegged against the US dollar at a proportion of 1:1. This backing from a fiat currency results in its less volatile nature and stability in the price. Tether was launched initially with the name RealCoin which was later rebranded as Tether and started trading in 2014. Tether was built to bridge the gap between the fiat currencies and blockchain. It is aimed at everyday transactions.
USDT was first issued on the Bitcoin blockchain through the Omni Protocol. Currently, Tether is available on various blockchains such as Etheruem, Tron, EOS and Algorand. Tether offers stable, transparent and secure transactions worldwide with a minimal transaction fee to the users. Tether Ltd., oversees the development of USDT and publishes the details of the reserves that back the value of USDT. Tether is backed not only by the US Dollars but also by Euro and Chinese Yuan.
Tether to MAGIC price details
USDT to MAGIC Conversion Rate and Price
Currently, the conversion rate for 1 USDT equals to 0$. The 24-hour highest price of Tether in relation to MAGIC was 0$ and the lowest was 0$. In short, USDT price in relation to MAGIC changed by 0.00%.
Instantly Exchange USDT to MAGIC
On ChangeHero you can instantly exchange Tether to MAGIC without signup. You can easily convert USDT to MAGIC in a few clicks without worrying about the rates and fees. ChangeHero offers both Best Rate and Fixed Rate for your USDT to MAGIC exchange.
USDT to MAGIC Best Rate Exchange
In the the Best Rate exchange of Tether to MAGIC, we search through various exchanges for the USDT to MAGIC pair and find the best rate available in the market. We provide you with an estimation of the amount of MAGIC 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 MAGIC you receive may vary slightly due to the volatility in the price of the cryptocurrencies which affects the conversion rate of USDT to MAGIC.
USDT to MAGIC Fixed Rate Conversion
In the the Fixed Rate exchange of Tether to MAGIC, ChangeHero finds a good rate for the pair USDT to MAGIC and fix the rate for up to 15 minutes. In the Best Rate exchange of USDT to MAGIC, you will receive the exact amount of MAGIC 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 MAGIC address. ChangeHero is the best place to exchange USDT to MAGIC fast and safe at the best rates.
Frequently asked questions
How long does it take to convert USDT to MAGIC?
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 MAGIC?
No, you do not require an account to swap USDT to MAGIC on ChangeHero. There will be no registrations for your Tether to MAGIC transaction.
Do I need to go through KYC procedures for USDT to MAGIC exchange?
There will be no KYC for the USDT to MAGIC 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 MAGIC to USDT?
Yes, you can instantly exchange MAGIC to USDT on ChangeHero.
