How does Tether compare to other stablecoins like USDC and DAI?
A post by Ohidul Islam
1 Dai equals $1 TUSD
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Platform | Dai | TrueUSD |
---|---|---|
YouHodler | 1 DAI | 1 TUSD |
Wirex | 1 DAI | 1 TUSD |
To buy Dai using TrueUSD, first, find a cryptocurrency exchange that supports the DAI/TUSD trading pair, such as YouHodler or Wirex. Create an account, verify your identity, and deposit your TUSD into your exchange wallet. Locate the DAI/TUSD pair on the trading platform and place an order to exchange your TrueUSD for Dai. If the DAI/TUSD pair is unavailable, you can first exchange TrueUSD 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 TrueUSD, first, find a cryptocurrency exchange that supports the DAI/TUSD trading pair, such as YouHodler or Wirex. Create an account, verify your identity, and deposit your DAI into your exchange wallet. Locate the DAI/TUSD pair on the trading platform and place a sell order to exchange your Dai for TrueUSD. If the DAI/TUSD pair is unavailable, you can first sell Dai for a stablecoin like Tether (USDT) or a fiat currency, then trade that for TrueUSD. 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...