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