Can Tether be used as collateral in decentralized finance (DeFi)?
A post by William Parvez
Platform | Polygon | Tether |
---|---|---|
Kraken | 1 MATIC | 0.48 USDT |
Coinbase | 1 MATIC | 0.48 USDT |
BingX | 1 MATIC | 0.37 USDT |
Blockchain.com | 1 MATIC | 1 USDT |
LBank | 1 MATIC | 0.38 USDT |
Bitfinex | 1 MATIC | 0.48 USDT |
To buy Polygon using Tether, first, find a cryptocurrency exchange that supports the MATIC/USDT trading pair, such as PrimeXBT or Kraken. Create an account, verify your identity, and deposit your USDT into your exchange wallet. Locate the MATIC/USDT pair on the trading platform and place an order to exchange your Tether for Polygon. If the MATIC/USDT pair is unavailable, you can first exchange Tether for a stablecoin like USDC (USDC) or a fiat currency, then trade that for Polygon. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.
To sell Polygon for Tether, first, find a cryptocurrency exchange that supports the MATIC/USDT trading pair, such as PrimeXBT or Kraken. Create an account, verify your identity, and deposit your MATIC into your exchange wallet. Locate the MATIC/USDT pair on the trading platform and place a sell order to exchange your Polygon for Tether. If the MATIC/USDT pair is unavailable, you can first sell Polygon 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