XEROF

Indicative rate

USDT to EUR: sell USDT for euros at size

Live indicative USDT/EUR rate and how USDT is settled into euros on a bank account through XEROF Online, in your own name or to a third-party beneficiary.

USDT to EUR, indicative mid-market

0.8902 EUR

Bid
0.8901 EUR
Ask
0.8902 EUR

Indicative mid-market rate from tier 1 liquidity, updated 7:17:52 PM. Not a quote. You execute in XEROF Online at the live rate shown there at the moment you confirm, and the confirmation shows that rate, the fee and the net amount.

How USDT becomes euros on a bank account

  1. 1USDT (ERC-20) arrives in your segregated wallet at XEROF.
  2. 2You convert USDT to EUR in XEROF Online at the live rate.
  3. 3Seconds on SEPA Instant; one business day on SEPA Standard: euros reach the account over SEPA Instant, SEPA Standard and SWIFT.

EUR settlement: rails, timing and who uses it

Euro settlement reaches 34 SEPA countries from one instruction: SEPA Instant up to EUR 100,000 per payment, SEPA Standard above that, and SWIFT for euro accounts outside the area. The EUR rate moves with EUR/USD, so the indicative figure above is a currency pair, not a peg.

Companies paying European suppliers and contractors, treasuries settling euro invoices from a stablecoin balance, and private clients paying a European business.

Settlement currency
EUR, the euro, legal tender in 20 euro-area states
Central bank
European Central Bank
Rails
SEPA Instant, SEPA Credit Transfer and SWIFT
Per-payment ceiling
SEPA Instant EUR 100,000; SEPA Standard varies by bank
Timing
Seconds on SEPA Instant; one business day on SEPA Standard
Third-party payouts
Yes, to any IBAN in the 34 SEPA countries

USDT is the most widely held dollar stablecoin and the one most often received from counterparties and venues. XEROF accepts it on Ethereum (ERC-20) and on Tron (TRC-20) for conversion to fiat paid to your own account; a payout to a third party is funded with USDT on Ethereum (ERC-20) only.

USDT/EUR embeds EUR/USD, so the figure moves with the euro rather than with the peg. Euro-area suppliers paid over SEPA from a USDT balance are the typical use, with the conversion executed in XEROF Online once the invoice amount in euros is known.

EUR rails compared
RailCeiling per paymentSpeedCoverage
SEPA InstantEUR 100,000Seconds, 24/7Banks in the 34 SEPA countries that have adopted it
SEPA Credit TransferBank-dependentNext TARGET business dayEvery IBAN in the 34 SEPA countries
SWIFTNo limit1 to 2 business daysEuro accounts outside SEPA
USDT: Issuer
Tether
USDT: First issued
2014, as the first dollar stablecoin; on Ethereum as an ERC-20 token since 2017
USDT: Network accepted by XEROF
Ethereum (ERC-20) and Tron (TRC-20) for conversion to fiat on your own account; third-party payouts are funded on Ethereum (ERC-20) only; Solana, Avalanche and other USDT networks are not credited
USDT: Reserve reporting
Attestations published by the issuer
USDT: Where it is used
The most traded stablecoin by volume, dominant on Asian and emerging-market venues and in OTC settlement

Common questions

Can euros be paid to a country that does not use the euro?
Yes, to a euro account in any of the 34 SEPA countries, including Denmark, Norway, Sweden, Poland, Czech Republic, Hungary, Romania, Iceland, Liechtenstein and Switzerland.
I hold USDT on Tron. Can I still settle?
Yes. Deposit USDT on Tron (TRC-20), convert it to USD, EUR, GBP or CHF in XEROF Online, and withdraw the fiat to a bank account in your own name. To pay a third party, the payout is funded with USDT or USDC on Ethereum (ERC-20).
Is the USDT/EUR rate on this page the rate I will get?
No. It is the indicative mid-market rate from our liquidity venue, refreshed every 30 seconds. The rate you execute at is the live rate in XEROF Online at the moment you confirm, and the confirmation shows it with the fee.
Can the euros go to someone else's account?
Yes. A third-party payout carries an additional 0.25% for beneficiary screening. The corridor page sets out the limits, rails and documents.

Third-party payouts in EUR: corridor page.

Other USDT and EUR pages

Open a XEROF account to settle USDT into euros.

Talk to our teamBook a callOpen account

Cross-border Services Restrictions

FE Swiss Financial AG (XEROF) is a Swiss Virtual Asset Service Provider, member of the Financial Services Standards Association (VQF), a Swiss Self-Regulatory Organisation under the supervision of Swiss Financial Market Supervisory Authority (FINMA). XEROF's products and services are only regulated in Switzerland. They are not registered or approved outside of Switzerland.

Any information on XEROF's website (i) is not intended and should not be construed as an offer, solicitation or recommendation outside of Switzerland and (ii) may not be suitable or lawful in your jurisdiction.

You are welcome to explore XEROF's website at your own initiative. Click 'Continue' if you are either (i) a resident of, domiciled in, or an entity established in Switzerland, or (ii) are a resident of, domiciled in, or an entity established outside of Switzerland but would like to visit XEROF's site on your own initiative.

If you fall under (ii) above, when choosing 'Continue', it is important to do this on your own initiative, as XEROF is not authorized to promote its products and services outside Switzerland. If you do not wish to visit the site, please click 'Back'.

If you click 'Continue' to explore, please note that you:

  1. are confirming you have read and understood the above;
  2. are accessing XEROF's website at your own initiative, without active promotion or solicitation from XEROF;
  3. are responsible for ensuring access is lawful in your jurisdiction; and
  4. understand that exploring the website does not create a client relationship.