USDT to RAY conversion chart
Tether to Raydium correlation
RAY and USDT are not correlated to each other as RAY’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, RAY and USDT do not share a strong relationship.
USDT Price Change and Market Cap
Currently, USDT price is 3.989 RAY and the 24-hour change is 2.81%. The market cap of Tether today is $40010882 with a total of 34513549.74 USDT in circulation. In the past 24 hours, USDT price peaked at 3.998 RAY and the least price was 3.066 RAY.
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 RAY exchange margin
Considering today’s exchange rate, a transaction of 1 USDT to RAY would result in an output of 3.989 RAY.
How to convert Tether to Raydium
Tether and Raydium 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.
Raydium is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX). RAY is the native utility token used for: Staking to earn protocol fees and receive IDO allocations, governance votes on protocol decisions.
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 Raydium price details
USDT to RAY Conversion Rate and Price
At the moment, the conversion rate for 1 USDT equals to 3.989 RAY. The 24-hour highest price of Tether in relation to Raydium was 3.998 RAY and the lowest was 3.066 RAY. In short, USDT price in relation to RAY changed by 2.81%.
Instantly Exchange USDT to RAY
On ChangeHero you can instantly exchange Tether to Raydium without registrations. You can easily convert USDT to RAY in a few clicks without worrying about the rates and fees. ChangeHero offers both Best Rate and Fixed Rate for your USDT to RAY exchange.
USDT to RAY Best Rate Exchange
In the the Best Rate exchange of Tether to Raydium, we search through various exchanges for the USDT to RAY pair and find the best rate available in the market. We provide you with an estimation of the amount of RAY 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 RAY you receive may vary slightly due to the volatility in the price of the cryptocurrencies which affects the conversion rate of USDT to RAY.
USDT to RAY Fixed Rate Conversion
In the the Fixed Rate exchange of Tether to Raydium, ChangeHero finds a good rate for the pair USDT to RAY and fix the rate for up to 15 minutes. In the Best Rate exchange of USDT to RAY, you will receive the exact amount of RAY 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 RAY address. ChangeHero is the best place to exchange USDT to RAY fast and safe at the best rates.
Frequently asked questions
How long does it take to convert USDT to RAY?
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 RAY?
No, you do not require an account to swap USDT to RAY on ChangeHero. There will be no registrations for your Tether to Raydium transaction.
Do I need to go through KYC procedures for USDT to RAY exchange?
There will be no KYC for the USDT to RAY 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 RAY to USDT?
Yes, you can instantly exchange RAY to USDT on ChangeHero.
