Can Tether be used as collateral in decentralized finance (DeFi)?
A post by William Parvez
1 FNCY equals $0.01 USDT
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Platform | FNCY | Tether |
---|---|---|
MEXC Global | 1 FNCY | 0.01 USDT |
Gate.io | 1 FNCY | 0.01 USDT |
To buy FNCY using Tether, first, find a cryptocurrency exchange that supports the FNCY/USDT trading pair, such as MEXC Global. Create an account, verify your identity, and deposit your USDT into your exchange wallet. Locate the FNCY/USDT pair on the trading platform and place an order to exchange your Tether for FNCY. If the FNCY/USDT pair is unavailable, you can first exchange Tether for a stablecoin like USDC (USDC) or a fiat currency, then trade that for FNCY. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.
To sell FNCY for Tether, first, find a cryptocurrency exchange that supports the FNCY/USDT trading pair, such as MEXC Global. Create an account, verify your identity, and deposit your FNCY into your exchange wallet. Locate the FNCY/USDT pair on the trading platform and place a sell order to exchange your FNCY for Tether. If the FNCY/USDT pair is unavailable, you can first sell FNCY for a stablecoin like USDC (USDC) or a fiat currency, then trade that for Tether. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.
A post by William Parvez
A post by William Parvez