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