USDT to STEEM conversion chart
Tether to Steem correlation
STEEM and USDT are not correlated to each other as STEEM’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, STEEM and USDT do not share a strong relationship.
USDT Price Change and Market Cap
Currently, USDT price is 4.523 STEEM and the 24-hour change is -1.89%. The market cap of Tether today is $13689379 with a total of 13104012.61 USDT in circulation. In the past 24 hours, USDT price peaked at 4.585 STEEM and the least price was 4.195 STEEM.
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 STEEM exchange margin
Considering today’s exchange rate, a transaction of 1 USDT to STEEM would result in an output of 4.523 STEEM.
How to convert Tether to Steem
Tether and Steem 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.
Steem is a community-focused blockchain that creates an instant earning opportunity for the network’s users. The protocol is designed to provide an earning opportunity for customers based on their value to the network. It is designed to provide users with a platform where they can post curated content online, and get paid in cryptocurrency.
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 Steem price details
USDT to STEEM Conversion Rate and Price
At the moment, the conversion rate for 1 USDT equals to 4.523 STEEM. The 24-hour highest price of Tether in relation to Steem was 4.585 STEEM and the lowest was 4.195 STEEM. In short, USDT price in relation to STEEM changed by -1.89%.
Instantly Exchange USDT to STEEM
On ChangeHero you can instantly exchange Tether to Steem without registrations. You can easily convert USDT to STEEM in a few clicks without worrying about the rates and fees. ChangeHero offers both Best Rate and Fixed Rate for your USDT to STEEM exchange.
USDT to STEEM Best Rate Exchange
In the the Best Rate exchange of Tether to Steem, we search through various exchanges for the USDT to STEEM pair and find the best rate available in the market. We provide you with an estimation of the amount of STEEM 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 STEEM you receive may vary slightly due to the volatility in the price of the cryptocurrencies which affects the conversion rate of USDT to STEEM.
USDT to STEEM Fixed Rate Conversion
In the the Fixed Rate exchange of Tether to Steem, ChangeHero finds a good rate for the pair USDT to STEEM and fix the rate for up to 15 minutes. In the Best Rate exchange of USDT to STEEM, you will receive the exact amount of STEEM 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 STEEM address. ChangeHero is the best place to exchange USDT to STEEM fast and safe at the best rates.
Frequently asked questions
How long does it take to convert USDT to STEEM?
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 STEEM?
No, you do not require an account to swap USDT to STEEM on ChangeHero. There will be no registrations for your Tether to Steem transaction.
Do I need to go through KYC procedures for USDT to STEEM exchange?
There will be no KYC for the USDT to STEEM 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 STEEM to USDT?
Yes, you can instantly exchange STEEM to USDT on ChangeHero.
