USDT to USDC conversion
USDT to USDC conversion
USDT to USDC – Swap
I swapped usdt to usdc on Bybit using its convert option. Said no fee and no slippage. It appears I lost about $100 dollars. I thought it’d be a 1:1? I was going to swap back to test but the usdc to usdt was even less usdt so it’s like I lose every time I swap? Am I missing something?
Hasitha Jayaweera Answered question January 2, 2025
On Bybit’s Convert feature, the conversion rate is consistently lower than the market rate, effectively allowing them to take fees in a subtle and less noticeable way.
Hasitha Jayaweera Answered question January 2, 2025
Tether costs more. Look at the numbers after the decimal compared to USDC. It got me that way, too, because i wasn’t paying attention
Gihan Wijethunga Answered question January 2, 2025