Swap your UMA and USDT with the best rates here on SwapSpace
A broader market correction in April impacted the UMA to USDT conversion rate, leading it to decline to 3.6899 by May 17
UMA / USDT live price chart
Both UMA price and USDT price are quite volatile. You can see the history of price changes in the cryptocurrency price chart below to help you make the best decision while considering exchanging your crypto.
In November 2023, the UMA to USDT conversion rate started at 1.7849. UMA, an open-source protocol, had gained attention due to its ability to create synthetic assets on the Ethereum blockchain. Throughout the month, UMA showcased positive trends, influenced by market sentiment and the performance of Ethereum.
By November 21, the conversion rate experienced a slight dip to 1.620 due to short-term market adjustments. However, it quickly rebounded in the following days, reaching 1.7802 on November 22 and continuing its upward trajectory to 1.7896 by November 25. The consistent advancement of UMA in the crypto space and its strong integration with DeFi platforms contributed to this growth. As November came to a close, the UMA to USDT conversion rate maintained its upward momentum, hitting 1.8136 by the end of the month. This can be attributed to the increasing adoption of the UMA protocol and its demonstrated use cases in the decentralized finance ecosystem.
In December, the conversion rate endured some fluctuations, influenced by broader market trends and the holiday season. On December 12, the rate briefly dipped to 1.7597 as UMA underwent a minor correction. However, it rebounded and reached 1.8201 on December 21, reflecting the resilience and potential of the UMA project. The beginning of 2024 marked a surge in the conversion rate, driven by UMA's enhanced protocol features and strategic partnerships. On January 18, the UMA to USDT conversion rate peaked at 2.6259, signifying a significant growth spurt. This increase demonstrated the continued interest and faith in UMA within the cryptocurrency community.
In the following months, the conversion rate experienced fluctuations typical of a dynamic market. By March 18, the conversion rate stood at 3.9089, further highlighting UMA's strong performance and its potential to reshape the decentralized financial landscape. However, a broader market correction in April impacted the UMA to USDT conversion rate, leading it to decline to 3.6899 by May 17.
How to exchange UMA and USDT on SwapSpace
On this page, we already put UMA in the “You send” and USDT in the “You get” section in the exchange window below — so you should just enter the amount you want to exchange. Next, press the ”View offers” button and select the exchange service that you like the most. Choose either fixed or floating exchange rate, as we at SwapSpace provide you with options for either of them!
Fill in the “Provide the recipient address” field with the destination USDT address and provide the refund address for your UMA if you want. If your preferred wallet is Trezor, you can press the button to connect a wallet and simplify the exchange process (more on that — in our FAQ). Check the information carefully and click the “Next” button.
Using the wallet of your choice, send your UMA to the address you see on the screen. You can use the QR code to speed up the process. You can also press the “Connect Wallet” button, which will give you options to connect your Metamask wallet, Trezor, or use WalletConnect (more on using those options — in our FAQ). As soon as our partner gets your UMA, the exchange will continue.
At this stage, you need just to wait until you get your coins in the wallet. Check the Swap Tracker if you want to know the exchange status, and feel free to contact the support if it seems like something is going wrong. That’s it!
