Convert USDEon Arbitrum to THBILLon Ethereum
Swap Ethena USDe (USDE) on Arbitrum to Theo Short Duration US Treasury Fund (THBILL) on Ethereum at the best cross-chain rate. SwitchFi routes your USDE → THBILL exchange across the top DEXs and bridges and settles straight from your wallet — non-custodial, no account, no sign-up.
USDE to THBILL market data
| Metric | USDE · Arbitrum | THBILL · Ethereum |
|---|---|---|
| Price | $0.9996 | $1.01 |
| Market cap | $4.26B | $117.55M |
| 24h volume | $297.42M | $4,054 |
| 24h change | +0.10% | -0.04% |
| 7d change | +0.10% | -0.22% |
| 24h high / low | $1.00 / $0.9984 | $1.02 / $1.01 |
| All-time high | $1.03 | $1.11 |
| Market cap rank | #26 | #239 |
What is the USDE to THBILL exchange rate?
At the current market price, 1 USDE ≈ 0.98481281 THBILL, and 1 THBILL ≈ 1.0154 USDE. The rate moves with the market; the exact amount you receive is quoted from live liquidity in your wallet before you sign.
By market value the pair is uneven — Ethena USDe's $4.26B dwarfs Theo Short Duration US Treasury Fund's $117.55M by a factor of about 36×. USDE holds rank #26 while THBILL holds #239 by market capitalisation. Over the past 24 hours USDE is +0.10% while THBILL is -0.04%, so the USDE/THBILL rate has moved in USDE's favour. Zooming out to a week, USDE has moved +0.10% while THBILL has moved -0.22%. With $297.42M and $4,054 in respective daily volume, neither side of a USDE→THBILL swap struggles for depth. Measured from record highs, USDE is down 3.3% and THBILL is down 8.7%.
USDE to THBILL converter & price calculator
Indicative, based on current market prices. Get a live quote in the swap.
USDE / THBILL conversion tables
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Live quote, net of DEX/bridge/gas fees. The final amount is confirmed in your wallet at execution.
Indicative estimate — the exact amount is confirmed in your wallet at execution.
About Ethena USDe and Theo Short Duration US Treasury Fund
With a total market value of $4.26B, Ethena USDe (USDE) sits at #26 among all cryptocurrencies. The price sits 3.3% under the record high of $1.03. There are currently 4.26B USDE in circulation. Over the last 7 days USDE is +0.10%, and +0.06% across 30 days. Around $297.42M of USDE changes hands every 24 hours.
Theo Short Duration US Treasury Fund (THBILL) is the #239 cryptocurrency by market cap, worth $117.55M in aggregate. It is trading 8.7% below its all-time high of $1.11. There are currently 115.84M THBILL in circulation. Recent performance reads -0.22% over 7 days and -1.20% over the past month for THBILL. Daily turnover comes to $4,054.
How to convert USDE to THBILL
- 1 Enter the amount of USDE on Arbitrum you want to convert — the swap widget on this page is prefilled with the USDE → THBILL pair.
- 2 Connect a compatible wallet: MetaMask, OKX, Trust Wallet, TokenPocket, TronLink, UniSat, Phantom and others.
- 3 Review the quoted route — the estimated and minimum amount of THBILL on Ethereum you will receive, plus network, DEX and bridge fees, are all shown before you sign.
- 4 Confirm the transaction in your wallet and track the swap on the My transactions page until the funds arrive.
Other options to exchange THBILL
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Tether
BNB → THBILLEthereum
BNB
USDCEthereum → THBILLEthereum
USDC
XRP → THBILLEthereum
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TRX → THBILLEthereum
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Figure Heloc
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USDS
Convert any other cryptocurrency from USDE
USDEArbitrum → BTC
Bitcoin
USDEArbitrum → ETH
Ethereum
USDEArbitrum → USDTEthereum
Tether
USDEArbitrum → BNB
BNB
USDEArbitrum → USDCEthereum
USDC
USDEArbitrum → XRP
XRP
USDEArbitrum → SOL
Solana
USDEArbitrum → TRX
TRON
USDEArbitrum → FIGR_HELOC
Figure Heloc
USDEArbitrum → HYPE
Hyperliquid
USDEArbitrum → DOGE
Dogecoin
USDEArbitrum → USDSEthereum
USDS
USDE to THBILL FAQ
What is the USDE to THBILL exchange rate?
1 USDE is worth roughly 0.98481281 THBILL at the moment (inverted: 1 THBILL ≈ 1.0154 USDE). This moves with the market; your wallet shows the exact executable amount before signing.
How to swap, exchange or convert USDE to THBILL on SwitchFi?
Three steps: set the USDE amount, connect your wallet, then approve the best quoted USDE→THBILL route. Funds move wallet-to-wallet — SwitchFi never holds them.
Is the USDE to THBILL swap instant?
Speed depends on the route: same-chain trades are near-instant, while bridged cross-chain paths usually complete in a few minutes. Progress is trackable the whole way.
Are there fees to convert USDE to THBILL?
SwitchFi shows the network, DEX and bridge fees up front in the quote. You always see the minimum you'll receive before confirming — there are no hidden custody fees because you never give up control of your funds.
Do I need an account to exchange USDE for THBILL?
No. SwitchFi is a non-custodial router — connect a compatible wallet and swap. No sign-up, no KYC to use the on-chain swap.
Market data by CoinGecko, cached server-side. Prices are informational — the exact swap rate is quoted at execution time.