Can Tether be used as collateral in decentralized finance (DeFi)?
A post by William Parvez
To buy Tether using Luna28, first, find a cryptocurrency exchange that supports the USDT/$LUNA trading pair. Create an account, verify your identity, and deposit your $LUNA into your exchange wallet. Locate the USDT/$LUNA pair on the trading platform and place an order to exchange your Luna28 for Tether. If the USDT/$LUNA pair is unavailable, you can first exchange Luna28 for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Tether. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.
To sell Tether for Luna28, first, find a cryptocurrency exchange that supports the USDT/$LUNA trading pair. Create an account, verify your identity, and deposit your USDT into your exchange wallet. Locate the USDT/$LUNA pair on the trading platform and place a sell order to exchange your Tether for Luna28. If the USDT/$LUNA pair is unavailable, you can first sell Tether for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Luna28. 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