How does Tether compare to other USD stablecoins like BUSD?
A post by Lisa Cantin
To buy Binance-Peg BUSD using Solana, first, find a cryptocurrency exchange that supports the BUSD/SOL trading pair. Create an account, verify your identity, and deposit your SOL into your exchange wallet. Locate the BUSD/SOL pair on the trading platform and place an order to exchange your Solana for Binance-Peg BUSD. If the BUSD/SOL pair is unavailable, you can first exchange Solana for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Binance-Peg BUSD. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.
To sell Binance-Peg BUSD for Solana, first, find a cryptocurrency exchange that supports the BUSD/SOL trading pair. Create an account, verify your identity, and deposit your BUSD into your exchange wallet. Locate the BUSD/SOL pair on the trading platform and place a sell order to exchange your Binance-Peg BUSD for Solana. If the BUSD/SOL pair is unavailable, you can first sell Binance-Peg BUSD for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Solana. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.
A post by Lisa Cantin
Tether, the leading stablecoin issuer, has significantly increased its market dominance following the...