Convert MM1-USD to USDEon Ethereum
Swap Midas M1 USD Market Neutral (MM1-USD) to Ethena USDe (USDE) on Ethereum at the best cross-chain rate. SwitchFi routes your MM1-USD → USDE exchange across the top DEXs and bridges and settles straight from your wallet — non-custodial, no account, no sign-up.
MM1-USD to USDE market data
| Metric | MM1-USD | USDE · Ethereum |
|---|---|---|
| Price | $1.01 | $0.9996 |
| Market cap | $28.64M | $4.26B |
| 24h volume | $0 | $295.46M |
| 24h change | +0.00% | +0.11% |
| 7d change | +0.00% | +0.10% |
| 24h high / low | $1.01 / $1.01 | $1.00 / $0.9984 |
| All-time high | $1.01 | $1.03 |
| Market cap rank | #659 | #26 |
What is the MM1-USD to USDE exchange rate?
At the current market price, 1 MM1-USD ≈ 1.0144 USDE, and 1 USDE ≈ 0.9857574 MM1-USD. The rate moves with the market; the exact amount you receive is quoted from live liquidity in your wallet before you sign.
In size terms Midas M1 USD Market Neutral is the junior asset: it is valued at $28.64M against Ethena USDe's $4.26B, a gap of about 149×. They currently rank #659 and #26 among all cryptocurrencies. Over the past 24 hours MM1-USD is +0.00% while USDE is +0.11%, so the MM1-USD/USDE rate has moved in USDE's favour. On a 7-day view the tape shows MM1-USD +0.00% and USDE +0.10%.
MM1-USD to USDE converter & price calculator
Indicative, based on current market prices. Get a live quote in the swap.
MM1-USD / USDE 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 Midas M1 USD Market Neutral and Ethena USDe
Midas M1 USD Market Neutral (MM1-USD) ranks #659 by market capitalisation at $28.64M. It is trading close to its all-time high of $1.01. There are currently 28.25M MM1-USD in circulation.
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 +0.05% across 30 days. Around $295.46M of USDE changes hands every 24 hours.
How to convert MM1-USD to USDE
- 1 Enter the amount of MM1-USD you want to convert — the swap widget on this page is prefilled with the MM1-USD → USDE 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 USDE 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.
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MM1-USD to USDE FAQ
What is the MM1-USD to USDE exchange rate?
Right now 1 MM1-USD ≈ 1.0144 USDE (and 1 USDE ≈ 0.9857574 MM1-USD). Rates update continuously from live market data; the exact amount you receive is quoted in your wallet before you sign.
How to swap, exchange or convert MM1-USD to USDE on SwitchFi?
Three steps: set the MM1-USD amount, connect your wallet, then approve the best quoted MM1-USD→USDE route. Funds move wallet-to-wallet — SwitchFi never holds them.
Is the MM1-USD to USDE 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 MM1-USD to USDE?
The usual on-chain costs apply (network gas plus DEX/bridge fees), but they're disclosed inside the quote together with the minimum received. Nothing is charged for accounts or custody.
Do I need an account to exchange MM1-USD for USDE?
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.