Swapping Tether for USD Coin: what you need to know
Sometimes a payment has to be received or sent in one particular stablecoin. ROVEN exchange swaps USDT BEP20 for USDC ERC20 at a fixed rate, so you know the exact amount you’ll get in advance.
USDT BEP20 is the Tether stablecoin on BNB Smart Chain, with fast and cheap transfers. USDC ERC20 is Circle’s regulated stablecoin on Ethereum, with reserves attested monthly.
Why swap USDT BEP20 for USDC ERC20
Different stablecoins are supported by different services, and their issuers disclose reserves in different ways. Some people prefer to keep part of their funds in each. USDC is convenient for settlements, storage and moving funds between platforms.
Networks and addresses
| You send USDT BEP20 | You receive USDC ERC20 | |
|---|---|---|
| Network | BNB Smart Chain (BEP20) | Ethereum (ERC20) |
| Address | “0x” + 40 characters | “0x” + 40 characters |
| Network speed | a block comes every few seconds | a block comes every 12 seconds |
| Memo / tag | Not needed | Not needed |
What to watch out for
- Send USDT on BNB Smart Chain (BEP20), not Ethereum — the addresses look identical.
- USDC ERC20 arrives at a “0x…” address; keep a little ETH in the wallet for future transfers.
- To send USDT your wallet needs some BNB to pay the network fee.
- Send the exact amount from the order and do it within 30 minutes, while the locked rate is valid.
How long the swap takes
Swap speed depends on both networks. On BNB Smart Chain (BEP20), a block comes every few seconds; on Ethereum (ERC20), a block comes every 12 seconds. The whole USDT BEP20 to USDC ERC20 swap usually takes 5 to 30 minutes once your transfer is confirmed.
The current rate is 1 USDT = 1.05 USDC and the minimum amount is 20 USDT. Create an order in the form above, and ROVEN exchange will send swap updates by email or Telegram.
