How does Tether compare to other stablecoins like USDC and DAI?
A post by Ohidul Islam
1 Stellar equals $0.37 DAI
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Platform | Stellar | Dai |
---|---|---|
YouHodler | 1 XLM | 0.37 DAI |
To buy Stellar using Dai, first, find a cryptocurrency exchange that supports the XLM/DAI trading pair, such as YouHodler or Wirex. Create an account, verify your identity, and deposit your DAI into your exchange wallet. Locate the XLM/DAI pair on the trading platform and place an order to exchange your Dai for Stellar. If the XLM/DAI pair is unavailable, you can first exchange Dai for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Stellar. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.
To sell Stellar for Dai, first, find a cryptocurrency exchange that supports the XLM/DAI trading pair, such as YouHodler or Wirex. Create an account, verify your identity, and deposit your XLM into your exchange wallet. Locate the XLM/DAI pair on the trading platform and place a sell order to exchange your Stellar for Dai. If the XLM/DAI pair is unavailable, you can first sell Stellar 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 amount you receive.
A post by Ohidul Islam
Uphold, a New York-based cryptocurrency exchange, has announced that it will cease support for...