How does Tether compare to other stablecoins like USDC and DAI?
A post by Ohidul Islam
1 Dai equals $1 USDP
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Platform | Dai | Pax Dollar |
---|---|---|
YouHodler | 1 DAI | 1 USDP |
Wirex | 1 DAI | 1 USDP |
To buy Dai using Pax Dollar, first, find a cryptocurrency exchange that supports the DAI/USDP trading pair, such as YouHodler or Wirex. Create an account, verify your identity, and deposit your USDP into your exchange wallet. Locate the DAI/USDP pair on the trading platform and place an order to exchange your Pax Dollar for Dai. If the DAI/USDP pair is unavailable, you can first exchange Pax Dollar for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Dai. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.
To sell Dai for Pax Dollar, first, find a cryptocurrency exchange that supports the DAI/USDP trading pair, such as YouHodler or Wirex. Create an account, verify your identity, and deposit your DAI into your exchange wallet. Locate the DAI/USDP pair on the trading platform and place a sell order to exchange your Dai for Pax Dollar. If the DAI/USDP pair is unavailable, you can first sell Dai for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Pax Dollar. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.
A post by Ohidul Islam
Uphold, a New York-based cryptocurrency exchange, has announced that it will cease support for...