How does Tether compare to other USD stablecoins like BUSD?
A post by Lisa Cantin
Platform | Tether Gold | Binance-Peg BUSD |
---|---|---|
YouHodler | 1 XAUT | 2,623.03 BUSD |
To buy Tether Gold using Binance-Peg BUSD, first, find a cryptocurrency exchange that supports the XAUT/BUSD trading pair. Create an account, verify your identity, and deposit your BUSD into your exchange wallet. Locate the XAUT/BUSD pair on the trading platform and place an order to exchange your Binance-Peg BUSD for Tether Gold. If the XAUT/BUSD pair is unavailable, you can first exchange Binance-Peg BUSD for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Tether Gold. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.
To sell Tether Gold for Binance-Peg BUSD, first, find a cryptocurrency exchange that supports the XAUT/BUSD trading pair. Create an account, verify your identity, and deposit your XAUT into your exchange wallet. Locate the XAUT/BUSD pair on the trading platform and place a sell order to exchange your Tether Gold for Binance-Peg BUSD. If the XAUT/BUSD pair is unavailable, you can first sell Tether Gold 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 amount you receive.
A post by Lisa Cantin
Tether, the leading stablecoin issuer, has significantly increased its market dominance following the...