Can Tether be used as collateral in decentralized finance (DeFi)?
A post by William Parvez
Platform | Tether | Tezos |
---|---|---|
YouHodler | 1 USDT | 0.75 XTZ |
To buy Tether using Tezos, first, find a cryptocurrency exchange that supports the USDT/XTZ trading pair, such as PrimeXBT or Kraken. Create an account, verify your identity, and deposit your XTZ into your exchange wallet. Locate the USDT/XTZ pair on the trading platform and place an order to exchange your Tezos for Tether. If the USDT/XTZ pair is unavailable, you can first exchange Tezos 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 Tezos, first, find a cryptocurrency exchange that supports the USDT/XTZ trading pair, such as PrimeXBT or Kraken. Create an account, verify your identity, and deposit your USDT into your exchange wallet. Locate the USDT/XTZ pair on the trading platform and place a sell order to exchange your Tether for Tezos. If the USDT/XTZ pair is unavailable, you can first sell Tether for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Tezos. 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
The Tezos blockchain, known for its record-breaking $232 million initial coin offering (ICO) in 2017,...