Convert CoW Protocol to Tether (COW → USDT)

Swap COW on Gnosis Chain to USDT on Ethereum — no bridges, no delays. Powered by NEAR Intents.

Swap COW to USDT

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COW to USDT rate today

1 COW ≈ 0.159 USDT and 1 USDT ≈ 6.29 COW, based on market prices at 2026-09-22 09:42 UTC. The quote in the widget above is what you actually receive, fees included.

TokenPrice24h
CoW Protocol (COW)$0.1589-0.07%
Tether (USDT)$0.9997+0.00%

How to convert CoW Protocol to Tether

Converting COW to USDT on NEAR Mobile Swap is done in three simple steps through the NEAR Intents protocol: Deposit, Swap, and Withdraw.

Step 1 — Deposit COW from Gnosis Chain
Go to the Deposit tab and select CoW Protocol (COW) on Gnosis Chain. The widget will generate a deposit address (or QR code) — send your COW there from any wallet. Once the deposit is confirmed on Gnosis Chain, your COW balance appears inside NEAR Intents.

Step 2 — Swap COW to USDT on NEAR Intents
Switch to the Swap tab, pick COW as the source and USDT as the target. Enter the amount and confirm — solvers compete to fill your order and the swap settles in seconds.

Step 3 — Withdraw USDT to Ethereum
Finally, go to the Withdraw tab. Select Tether (USDT) from your NEAR Intents balance and choose Ethereum as the destination. Enter an address from any EVM wallet such as MetaMask or Rabby and confirm.

⚠ Important: When entering a withdrawal address, make sure it is a personal wallet you control. Some centralized exchanges do not support receiving funds from smart-contract-based deposits — sending to an exchange address may result in lost funds.

About the COW → USDT swap

This is a cross-chain swap: your COW leaves Gnosis Chain and USDT arrives on Ethereum. Normally that takes a bridge plus a DEX, or a centralized exchange account. With NEAR Intents the deposit, swap and withdrawal happen in one flow, and what lands in your wallet is USDT on Ethereum, not a wrapped copy you have to bridge again.

Swapping COW to USDT converts a volatile asset into a dollar-pegged stablecoin — a common way to lock in a price or step out of market swings without off-ramping to a bank account.

About CoW Protocol and Tether

What is CoW Protocol (COW)?

CoW Protocol grew out of Gnosis Protocol, and its token launched in early 2022 when CoW DAO was spun off from Gnosis. The name refers to 'coincidence of wants', the moment two traders' orders can be matched directly.

Type
DEX protocol governance token
Launched
2022
Consensus
Runs on Ethereum and Gnosis Chain
Max supply
1 billion at genesis, up to 3% yearly inflation
Swap network
Gnosis Chain
CoW Protocol official site ↗

How CoW Protocol works

Users sign orders expressing what they want to trade; competing solvers then settle them in batches at uniform prices, matching opposite orders peer-to-peer and routing the rest through on-chain liquidity. This design protects traders from front-running and sandwich attacks. The DAO also operates CoW Swap and MEV Blocker.

What COW is used for

COW holders vote on CoW DAO proposals, and solvers that settle batches post bonds that include COW. The token also trades on Ethereum and Gnosis Chain venues.

COW supply

The genesis supply was 1 billion COW; the token contract allows the DAO to mint at most 3% additional supply per year if governance approves it.

Before you swap COW

Here COW is delivered on Gnosis Chain, where fees are paid in xDAI, not ETH. If you need it on Ethereum, bridge it separately after the swap.

What is Tether (USDT)?

Tether (USDT) is a stablecoin designed to hold a value of one US dollar, issued by the company Tether since 2014. Having started on Bitcoin's Omni Layer, it has since expanded to many blockchains, including Ethereum, TRON, Solana and others.

Type
Fiat-backed stablecoin
Launched
2014
Consensus
Inherits the consensus of each host blockchain
Max supply
No fixed cap (minted and redeemed on demand)
Swap network
Ethereum
Sector (Messari)
Stablecoins
Tether official site ↗Sector classification by Messari ↗

How Tether works

Tether creates new USDT when verified customers deposit dollars and redeems tokens for dollars when they are returned, so the supply follows demand. The company reports holding reserve assets, mainly US Treasury bills and cash equivalents, to back the tokens in circulation and publishes periodic attestations of those reserves.

What USDT is used for

Traders use USDT to park funds between trades and as a quote currency on exchanges around the world. It is also common for cross-border payments and for saving in dollars in places with volatile local currencies.

USDT supply

There is no fixed supply: tokens are minted when dollars come in and burned when they are redeemed. The goal is for each USDT to be backed by reserves worth at least one dollar.

Before you swap USDT

USDT exists on many networks, and the swap widget defaults to the Ethereum version, so confirm the selected network matches the chain of your wallet before sending or receiving. Sending USDT over the wrong network can make funds difficult or impossible to recover.

Looking for the reverse?Convert USDT to COW →
More swaps:All COW pairs →All USDT pairs →

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COW to USDT: frequently asked questions

What to know before swapping CoW Protocol for Tether

Deposit COW from Gnosis Chain into NEAR Intents, swap it for USDT, then withdraw USDT to your wallet on Ethereum. The widget on this page walks you through all three steps and shows the exact amount you will receive before you confirm.