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