USDT to RNDR conversion chart
Tether to Render Token correlation
RNDR and USDT are not correlated to each other as RNDR’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, RNDR and USDT do not share a strong relationship.
USDT Price Change and Market Cap
Currently, USDT price is 0.5330 RNDR and the 24-hour change is -6.51%. The market cap of Tether today is $30541726 with a total of 28430972.56 USDT in circulation. In the past 24 hours, USDT price peaked at 0.5488 RNDR and the least price was 0.466 RNDR.
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 RNDR exchange margin
Considering today’s exchange rate, a transaction of 1 USDT to RNDR would result in an output of 0.5330 RNDR.
How to convert Tether to Render Token
Tether and Render Token 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.
RNDR is an ERC-20 utility token used by artists on the network to exchange for GPU compute power from GPU providers (node operators). RNDR utilizes a combination manual and automatic proof of work system, or in this case proof of render, in order to verify all art has been successfully rendered prior to payment disbursal and art release. Utilizing the inherent security properties of the Ethereum blockchain, proprietary assets are hashed upon upload and sent to nodes piecemeal for rendering. All RNDR payments are stored in escrow during rendering, and are released to node operators upon manual verification by the commissioning artist of successful work. To prevent malicious actors in both user bases, all assets rendered on the network are watermarked until payment is successfully disbursed, upon which time un-watermarked renderings may be downloaded, and all payment is held in escrow until manually verified as being correctly rendered.
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 Render Token price details
USDT to RNDR Conversion Rate and Price
At the moment, the conversion rate for 1 USDT equals to 0.5330 RNDR. The 24-hour highest price of Tether in relation to Render Token was 0.5488 RNDR and the lowest was 0.466 RNDR. In short, USDT price in relation to RNDR changed by -6.51%.
Instantly Exchange USDT to RNDR
On ChangeHero you can instantly exchange Tether to Render Token without registrations. You can easily convert USDT to RNDR in a few clicks without worrying about the rates and fees. ChangeHero offers both Best Rate and Fixed Rate for your USDT to RNDR exchange.
USDT to RNDR Best Rate Exchange
In the the Best Rate exchange of Tether to Render Token, we search through various exchanges for the USDT to RNDR pair and find the best rate available in the market. We provide you with an estimation of the amount of RNDR 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 RNDR you receive may vary slightly due to the volatility in the price of the cryptocurrencies which affects the conversion rate of USDT to RNDR.
USDT to RNDR Fixed Rate Conversion
In the the Fixed Rate exchange of Tether to Render Token, ChangeHero finds a good rate for the pair USDT to RNDR and fix the rate for up to 15 minutes. In the Best Rate exchange of USDT to RNDR, you will receive the exact amount of RNDR 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 RNDR address. ChangeHero is the best place to exchange USDT to RNDR fast and safe at the best rates.
Frequently asked questions
How long does it take to convert USDT to RNDR?
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 RNDR?
No, you do not require an account to swap USDT to RNDR on ChangeHero. There will be no registrations for your Tether to Render Token transaction.
Do I need to go through KYC procedures for USDT to RNDR exchange?
There will be no KYC for the USDT to RNDR 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 RNDR to USDT?
Yes, you can instantly exchange RNDR to USDT on ChangeHero.
