The Block • Apr 25, 24
USDT’s exchange balance hits highest level in a year and keeps rising
The 7-day moving average of the change in Tether's USDT held by exchanges reached $568 million — its highest level in a year.
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1 Tether equals 1.00 USDC
Last update: 10:48 AM, April 27, 2024
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The current USDT to USDC conversion rate is 1. Inversely, this means that if you convert 1 USDC you will get 1 USDT.
The conversion rate of USDT/USDC has increased by 0.01% in the last hour and shrunk by 0.05% in the last 24 hours.
About Tether (USDT)
Tether (USDT) is an Ethereum token that is pegged to the value of a U.S. dollar (also known as a stablecoin). Tether’s issuer claims that USDT is backed by bank reserves and loans which match or exceed the value of USDT in circulation. Important note: at this time, Coinbase only supports USDT on the Ethereum blockchain (ERC-20). Do not send USDT on any other blockchain to Coinbase.
About USDC (USDC)
USDC is a stablecoin redeemable on a 1:1 basis for US dollars, backed by dollar denominated assets held in segregated accounts with US regulated financial institutions. The launch of USDC was powered by a collaboration between Coinbase and Circle through the co-founding of the CENTRE Consortium. Coinbase customers with US dollar accounts may exchange 1 USDC for US$1.00 (and vice versa) on Coinbase in jurisdictions where USDC support is available. The graph above reflects USDC’s current and historical redemption value of US$1.00, which may not match the price of USDC on other exchanges. Note: Coinbase only supports USDC running on Ethereum (ERC-20).
Amount (USDT) | Amount (USDC) |
---|---|
0.5 USDT | 0.50 USDC |
1 USDT | 1.00 USDC |
5 USDT | 5.00 USDC |
10 USDT | 9.99 USDC |
50 USDT | 49.97 USDC |
100 USDT | 99.94 USDC |
500 USDT | 499.69 USDC |
1,000 USDT | 999.39 USDC |
Amount (USDC) | Amount (USDT) |
---|---|
0.5 USDC | 0.50 USDT |
1 USDC | 1.00 USDT |
5 USDC | 5.00 USDT |
10 USDC | 10.01 USDT |
50 USDC | 50.03 USDT |
100 USDC | 100.06 USDT |
500 USDC | 500.31 USDT |
1,000 USDC | 1,000.62 USDT |
Last update: April 27, 2024 at 10:48 AM |
24 hours ago | Change (24h) | 1 week ago | Change (1W) | 1 month ago | Change (1M) | 1 year ago | Change (1Y) |
---|---|---|---|---|---|---|---|
1.00 USDC | -0.05% | 1.00 USDC | -0.09% | 1.00 USDC | -0.06% | 1.00 USDC | -0.09% |
Last update: April 27, 2024 at 10:48 AM |
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The Block • Apr 25, 24
USDT’s exchange balance hits highest level in a year and keeps rising
The 7-day moving average of the change in Tether's USDT held by exchanges reached $568 million — its highest level in a year.
Read more
Decrypt • Apr 25, 24
Franklin Templeton Enables Peer-to-Peer Trades of Blockchain Fund
Participants in the OnChain U.S. Government Money Fund can now swap shares directly.
Read more
The Defiant • Apr 25, 24
Franklin Templeton Enables P2P Transfers for BENJI Fund
The asset management firm’s $380 million OnChain U.S. Government Money Fund commands nearly a third of the tokenized Treasuries sector.
Read more
Blockworks • Apr 26, 24
Crypto’s best use case? Buying goats on Twitter
After seven years in crypto, the best use of this magical internet money I’ve found so far is my 50 USDC purchase of Vincent Van Goat from a Kenyan man I found on Twitter
Read more
Decrypt • Apr 25, 24
Payments Giant Stripe Reenters Crypto With USDC on Ethereum, Solana and Polygon
A decade after an early attempt to support Bitcoin payments, the company sees a stablecoin-powered future.
Read more
CoinDesk • Apr 25, 24
Stripe Brings Back Crypto Payments Via USDC Stablecoin
Six years after dropping support for bitcoin and, thus, crypto payments altogether, Stripe is bringing back the service later this summer, though initially only for Circle’s USDC stablecoin.
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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.