Can Tether be used as collateral in decentralized finance (DeFi)?
A post by William Parvez
To buy Tether using Polygon, first, find a cryptocurrency exchange that supports the USDT/MATIC trading pair, such as PrimeXBT or Kraken. Create an account, verify your identity, and deposit your MATIC into your exchange wallet. Locate the USDT/MATIC pair on the trading platform and place an order to exchange your Polygon for Tether. If the USDT/MATIC pair is unavailable, you can first exchange Polygon 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 Polygon, first, find a cryptocurrency exchange that supports the USDT/MATIC trading pair, such as PrimeXBT or Kraken. Create an account, verify your identity, and deposit your USDT into your exchange wallet. Locate the USDT/MATIC pair on the trading platform and place a sell order to exchange your Tether for Polygon. If the USDT/MATIC pair is unavailable, you can first sell Tether for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Polygon. 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