Convert USDTon Ethereum to USDEon Ethereum
Swap Tether (USDT) on Ethereum to Ethena USDe (USDE) on Ethereum at the best cross-chain rate. SwitchFi routes your USDT → USDE exchange across the top DEXs and bridges and settles straight from your wallet — non-custodial, no account, no sign-up.
USDT to USDE market data
| Metric | USDT · Ethereum | USDE · Ethereum |
|---|---|---|
| Price | $0.9993 | $0.9995 |
| Market cap | $184.07B | $4.77B |
| 24h volume | $59.44B | $50.43M |
| 24h change | +0.02% | +0.02% |
| 7d change | -0.07% | -0.04% |
| 24h high / low | $0.9994 / $0.999 | $0.9996 / $0.9991 |
| All-time high | $1.32 | $1.03 |
| Market cap rank | #3 | #25 |
What is the USDT to USDE exchange rate?
At the current market price, 1 USDT ≈ 0.9998109 USDE, and 1 USDE ≈ 1.0002 USDT. The rate moves with the market; the exact amount you receive is quoted from live liquidity in your wallet before you sign.
Tether is the larger asset of this pair: its market capitalisation of $184.07B is roughly 39× that of Ethena USDe at $4.77B. On the overall leaderboard they sit at #3 and #25 respectively. The last 24 hours put USDT at +0.02% against +0.02% for USDE — the USDT/USDE rate has held roughly steady. Zooming out to a week, USDT has moved -0.07% while USDE has moved -0.04%. Liquidity is ample on both legs — USDT trades $59.44B a day and USDE trades $50.43M — so conversions execute at market rates. USDT currently trades 24.5% below its all-time high, while USDE sits 3.3% under its own peak.
USDT to USDE converter & price calculator
Indicative, based on current market prices. Get a live quote in the swap.
USDT / 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 Tether and Ethena USDe
Tether (USDT) ranks #3 by market capitalisation at $184.07B. It is trading 24.5% below its all-time high of $1.32. Circulating supply stands at 184.20B USDT. USDT has moved -0.07% week-on-week and -0.06% over 30 days. Around $59.44B of USDT changes hands every 24 hours.
With a total market value of $4.77B, Ethena USDe (USDE) sits at #25 among all cryptocurrencies. The price sits 3.3% under the record high of $1.03. There are currently 4.77B USDE in circulation. Over the last 7 days USDE is -0.04%, and -0.05% across 30 days. Around $50.43M of USDE changes hands every 24 hours.
How to convert USDT to USDE
- 1 Enter the amount of USDT on Ethereum you want to convert — the swap widget on this page is prefilled with the USDT → 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.
USDT to USDE FAQ
What is the USDT to USDE exchange rate?
1 USDT is worth roughly 0.9998109 USDE at the moment (inverted: 1 USDE ≈ 1.0002 USDT). This moves with the market; your wallet shows the exact executable amount before signing.
How to swap, exchange or convert USDT to USDE on SwitchFi?
Three steps: set the USDT amount, connect your wallet, then approve the best quoted USDT→USDE route. Funds move wallet-to-wallet — SwitchFi never holds them.
Is the USDT to USDE swap instant?
If both assets live on the same chain the swap confirms within seconds. Cross-chain conversions add a few minutes of bridge confirmation time, with live status tracking throughout.
Are there fees to convert USDT 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 USDT for USDE?
No account is needed. You connect a wallet, approve the swap and receive the funds directly — there is no registration or KYC step for on-chain swaps.
Market data by CoinGecko, cached server-side. One of these assets is outside our actively tracked list — figures shown are as of Oct 13, 2026. Prices are informational — the exact swap rate is quoted at execution time.