Compare exchange rates for USDT to STETH

  • OKX logoOKX
    Tether1 USDTLido Staked ETH0.0003 STETH
  • MEXC Global logoMEXC Global
    Tether1 USDTLido Staked ETH0.0003 STETH
  • BingX logoBingX
    Tether1 USDTLido Staked ETH0.0003 STETH
  • Bybit logoBybit
    Tether1 USDTLido Staked ETH0.0003 STETH

About Tether (USDT)

Tether (USDT) was launched in 2014 by Tether Limited to bridge the gap between fiat currencies and cryptocurrencies by maintaining a 1:1 peg with the US Dollar. Operating on multiple blockchain platforms, its value is backed by fiat reserves, providing stability and reducing volatility common in other cryptocurrencies. Tether plays a significant role in the crypto market, facilitating seamless trading and liquidity across exchanges. Its ease of conversion to various cryptocurrencies makes it a preferred choice for traders seeking a stable medium for transactions and hedging against market fluctuations.

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About Lido Staked ETH (STETH)

Lido Staked ETH (STETH) is a liquid staking solution for Ethereum, originating from the Lido decentralized autonomous organization (DAO) launched in December 2020. It allows users to stake their ETH and receive STETH in return, reflecting their staked assets and accrued rewards. The key innovation of STETH lies in its ability to provide liquidity to staked assets, enabling users to engage with DeFi protocols while their ETH remains staked. This mechanism significantly boosts the efficiency and flexibility of staking on the Ethereum network. Moreover, STETH can be easily converted to other cryptocurrencies, offering users both the benefits of staking and the versatility of liquid assets.

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Tether (USDT) market stats

Market cap
$112,455,701,049
24h trade volume
$21,157,332,942
Price
$0.9981
High (24h)
$1
Low (24h)
$0.9979

Lido Staked ETH (STETH) market stats

Market cap
$29,832,808,332
24h trade volume
$49,628,493
Price
$3,059
High (24h)
$3,074
Low (24h)
$2,955

Tether and Lido Staked ETH news

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