Can Tether be used as collateral in decentralized finance (DeFi)?
A post by William Parvez
1 TrueUSD equals $1 USDT
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Platform | TrueUSD | Tether |
---|---|---|
YouHodler | 1 TUSD | 1 USDT |
Binance | 1 TUSD | 1 USDT |
Bitmart | 1 TUSD | 1 USDT |
MEXC Global | 1 TUSD | 1 USDT |
Bitget | 1 TUSD | 1 USDT |
BingX | 1 TUSD | 1 USDT |
Gate.io | 1 TUSD | 1 USDT |
Kucoin | 1 TUSD | 1 USDT |
HTX | 1 TUSD | 1 USDT |
Phemex | 1 TUSD | 1 USDT |
Bitfinex | 1 TUSD | 0.99 USDT |
Probit | 1 TUSD | 1 USDT |
Azbit | 1 TUSD | 1 USDT |
WhiteBit | 1 TUSD | 1 USDT |
WhiteBit | 1 TUSD | 1 USDT |
To buy TrueUSD using Tether, first, find a cryptocurrency exchange that supports the TUSD/USDT trading pair, such as YouHodler or Bitmart. Create an account, verify your identity, and deposit your USDT into your exchange wallet. Locate the TUSD/USDT pair on the trading platform and place an order to exchange your Tether for TrueUSD. If the TUSD/USDT pair is unavailable, you can first exchange Tether for a stablecoin like USDC (USDC) or a fiat currency, then trade that for TrueUSD. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.
To sell TrueUSD for Tether, first, find a cryptocurrency exchange that supports the TUSD/USDT trading pair, such as YouHodler or Bitmart. Create an account, verify your identity, and deposit your TUSD into your exchange wallet. Locate the TUSD/USDT pair on the trading platform and place a sell order to exchange your TrueUSD for Tether. If the TUSD/USDT pair is unavailable, you can first sell TrueUSD for a stablecoin like USDC (USDC) or a fiat currency, then trade that for Tether. 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