USDT to OCEAN conversion chart
Tether to Ocean Protocol correlation
OCEAN and USDT are not correlated to each other as OCEAN’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, OCEAN and USDT do not share a strong relationship.
USDT Price Change and Market Cap
Currently, USDT price is 2.243 OCEAN and the 24-hour change is -1.45%. The market cap of Tether today is $133843608 with a total of 112966249.17 USDT in circulation. In the past 24 hours, USDT price peaked at 2.261 OCEAN and the least price was 1.741 OCEAN.
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 OCEAN exchange margin
Considering today’s exchange rate, a transaction of 1 USDT to OCEAN would result in an output of 2.243 OCEAN.
How to convert Tether to Ocean Protocol
Tether and Ocean Protocol 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.
The Ethereum-based Ocean Protocol promises to unlock the value of data services by tokenizing it. Datasets are treated as assets that can be wrapped to a token to be bought or sold on the Ocean Market. The prices are regulated through an AMM pool with the native token OCEAN, also used in staking and governance.
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 Ocean Protocol price details
USDT to OCEAN Conversion Rate and Price
At the moment, the conversion rate for 1 USDT equals to 2.243 OCEAN. The 24-hour highest price of Tether in relation to Ocean Protocol was 2.261 OCEAN and the lowest was 1.741 OCEAN. In short, USDT price in relation to OCEAN changed by -1.45%.
Instantly Exchange USDT to OCEAN
On ChangeHero you can instantly exchange Tether to Ocean Protocol without registrations. You can easily convert USDT to OCEAN in a few clicks without worrying about the rates and fees. ChangeHero offers both Best Rate and Fixed Rate for your USDT to OCEAN exchange.
USDT to OCEAN Best Rate Exchange
In the the Best Rate exchange of Tether to Ocean Protocol, we search through various exchanges for the USDT to OCEAN pair and find the best rate available in the market. We provide you with an estimation of the amount of OCEAN 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 OCEAN you receive may vary slightly due to the volatility in the price of the cryptocurrencies which affects the conversion rate of USDT to OCEAN.
USDT to OCEAN Fixed Rate Conversion
In the the Fixed Rate exchange of Tether to Ocean Protocol, ChangeHero finds a good rate for the pair USDT to OCEAN and fix the rate for up to 15 minutes. In the Best Rate exchange of USDT to OCEAN, you will receive the exact amount of OCEAN 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 OCEAN address. ChangeHero is the best place to exchange USDT to OCEAN fast and safe at the best rates.
Frequently asked questions
How long does it take to convert USDT to OCEAN?
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 OCEAN?
No, you do not require an account to swap USDT to OCEAN on ChangeHero. There will be no registrations for your Tether to Ocean Protocol transaction.
Do I need to go through KYC procedures for USDT to OCEAN exchange?
There will be no KYC for the USDT to OCEAN 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 OCEAN to USDT?
Yes, you can instantly exchange OCEAN to USDT on ChangeHero.
