USDT to EUR
I’ve been trying to understand how converting USDT to EUR actually works, especially when the exchange rate can change throughout the day. I know that USDT is designed to stay close to the value of the US dollar, but I’m not sure how its EUR value is determined in practice. For example, if someone holds USDT and wants to convert it into euros, what factors affect the final amount they receive? Does the USDT/EUR rate mainly depend on the EUR/USD exchange rate, or can cryptocurrency market conditions also have a noticeable impact? I’m also curious about the difference between the displayed exchange rate and the actual amount after fees or spreads. What should someone pay attention to when comparing different conversion options?
The rate you see on an exchange isn't the rate you get — spread, network fees and the off-ramp provider's margin all sit between the quoted price and your bank balance. Comparing the final credited amount is the only honest comparison. I saw a similar point at https://vegashero-live.co.uk/ and it applied here.