Convert THBILLon Arbitrum to USDEon Ethereum
Swap Theo Short Duration US Treasury Fund (THBILL) on Arbitrum to Ethena USDe (USDE) on Ethereum at the best cross-chain rate. SwitchFi routes your THBILL → USDE exchange across the top DEXs and bridges and settles straight from your wallet — non-custodial, no account, no sign-up.
THBILL to USDE market data
| Metric | THBILL · Arbitrum | USDE · Ethereum |
|---|---|---|
| Price | $1.01 | $0.9996 |
| Market cap | $117.55M | $4.26B |
| 24h volume | $4,054 | $297.42M |
| 24h change | -0.04% | +0.10% |
| 7d change | -0.22% | +0.10% |
| 24h high / low | $1.02 / $1.01 | $1.00 / $0.9984 |
| All-time high | $1.11 | $1.03 |
| Market cap rank | #239 | #26 |
What is the THBILL to USDE exchange rate?
At the current market price, 1 THBILL ≈ 1.0154 USDE, and 1 USDE ≈ 0.98481281 THBILL. 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 Theo Short Duration US Treasury Fund is the junior asset: it is valued at $117.55M against Ethena USDe's $4.26B, a gap of about 36×. On the overall leaderboard they sit at #239 and #26 respectively. The last 24 hours put THBILL at -0.04% against +0.10% for USDE — the THBILL/USDE rate has moved in USDE's favour. On a 7-day view the tape shows THBILL -0.22% and USDE +0.10%. With $4,054 and $297.42M in respective daily volume, neither side of a THBILL→USDE swap struggles for depth. Measured from record highs, THBILL is down 8.7% and USDE is down 3.3%.
THBILL to USDE converter & price calculator
Indicative, based on current market prices. Get a live quote in the swap.
THBILL / 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 Theo Short Duration US Treasury Fund and Ethena USDe
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.
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.
How to convert THBILL to USDE
- 1 Enter the amount of THBILL on Arbitrum you want to convert — the swap widget on this page is prefilled with the THBILL → 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.
Other options to exchange USDE
BTC → USDEEthereum
Bitcoin
ETH → USDEEthereum
Ethereum
USDTEthereum → USDEEthereum
Tether
BNB → USDEEthereum
BNB
USDCEthereum → USDEEthereum
USDC
XRP → USDEEthereum
XRP
SOL → USDEEthereum
Solana
TRX → USDEEthereum
TRON
FIGR_HELOC → USDEEthereum
Figure Heloc
HYPE → USDEEthereum
Hyperliquid
DOGE → USDEEthereum
Dogecoin
USDSEthereum → USDEEthereum
USDS
Convert any other cryptocurrency from THBILL
THBILLArbitrum → BTC
Bitcoin
THBILLArbitrum → ETH
Ethereum
THBILLArbitrum → USDTEthereum
Tether
THBILLArbitrum → BNB
BNB
THBILLArbitrum → USDCEthereum
USDC
THBILLArbitrum → XRP
XRP
THBILLArbitrum → SOL
Solana
THBILLArbitrum → TRX
TRON
THBILLArbitrum → FIGR_HELOC
Figure Heloc
THBILLArbitrum → HYPE
Hyperliquid
THBILLArbitrum → DOGE
Dogecoin
THBILLArbitrum → USDSEthereum
USDS
THBILL to USDE FAQ
What is the THBILL to USDE exchange rate?
Right now 1 THBILL ≈ 1.0154 USDE (and 1 USDE ≈ 0.98481281 THBILL). 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 THBILL to USDE on SwitchFi?
Type in how much THBILL you're converting, connect a wallet, check the quoted THBILL→USDE route and confirm in the wallet. The router compares DEX and bridge paths and settles without ever taking custody.
Is the THBILL 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 THBILL 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 THBILL 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.